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Warner Music Group Announces IPO for New Investors

Ten years ago, the rise of technology started turning the music industry upside-down. Issues such as piracy caused labels to struggle. But thanks to subscription streaming services, such as Spotify and Apple Music, the industry is making a comeback. Earlier this month, investors saw proof of that when a report revealed Warner Music IPO details.
Warner Music IPO: The Business

Warner Music Group, or simply Warner Music, is an American entertainment and record label. It has labels such as Atlantic, Elektra, Reprise and Parlophone. The company’s music publishing firm, Warner Chappell Music, has over 1.4 million copyrights across all genres. Warner Music …read more […]

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Chevron’s Future Growth Prospects Dwindle With Reserves Decline

(Bloomberg) — Chevron Corp.’s future growth prospects may be dimming after the oil explorer pumped more crude than it discovered or bought last year, eroding its portfolio of untapped fields.New finds, acquisitions and expansions of existing oil and natural gas holdings were equivalent to just 44% of the company’s 2019 production, according to a regulatory filing on Friday. That was Chevron’s poorest performance in that important metric since 2010.The measure, known as the reserves-replacement ratio, is key for investors because it helps them gauge whether an oil driller is doing enough to sustain future production that underpins everything from dividends …read more […]