4Īnd now, less than three months after the initial stock dump, Warner Music Group has joined Merlin in the “total divestment club.”
Independent Record Label Global Digital Rights Agency sold 100% of its shares. Warner Music Group sold 75% of its shares. Within one month after Spotify’s shares first traded publically in the United States (April 3, 2018), the labels immediately started dumping their shares. On Tuesday, August 7, 2018, in an earnings call with stock analysts, Warner Music Groups revealed that it had now sold all of its holdings of stock in Spotify, realizing $504 million. Everybody knows this.Įxcept, it appears, the record companies. 
Streaming is the future of the music business. Why Are Record Companies Dumping Their Spotify Stock?
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