Warner Music, Made Relevant By Spotify, Looks Fully valued

Warner Music Group (NYSE: WMG) went public earlier this month and the stock is up 30% from IPO levels, not much higher given the investor excitement towards anything new to the stock exchange, anything related to music streaming, and anything that can be compared to Spotify (Nasdaq: SPOT). But the market is right to have tempered its excitement. Rise of music streaming has provided respect to music publishers once again; almost a decade after the business was pronounced dead with the rise of free file-sharing services. No doubt, the franchise…

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Tencent Music Stock Can Follow Spotify Now

Investors have largely ignored Tencent Music Entertainment Group (NYSE: TME) stock ever since the company went public, earlier this year, concentrating largely on much sexier Spotify (Nasdaq: SPOT) in the music streaming space. That may not change anytime soon, but now that Spotify is once again gaining favors among investors, Tencent deserves a closer look and the business offers enough promise to help stock follow the Spotify’s lead, if not overtake. Some amount of Wall Street’s indifference towards Tencent Music’s stock is due to the difference between Tencent Music’s business…

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