Music Business
Calvin Harris has secured a $13.5 million arbitration award in his legal dispute with former business manager Thomas St. John over a failed real estate venture. The ruling covers an unpaid loan tied to the CMNTY Culture Campus project in Hollywood. Further claims of fraud and an equity investment remain unresolved.
Raportoinut AI
Spotify's shares have declined nearly 20% since the September announcement that CEO Daniel Ek would step down to become executive chairman. The stock ended the week of November 21 down 8.2% at $583.62, contributing to broader losses in the music industry index. Investors appear skeptical about the leadership transition to co-CEOs Alex Norström and Gustav Söderström.