Artist ReleasesWMG can focus on company-specific drivers like improving market share with new releases from popular artists such as Zack Bryan, Bruno Mars, and Lizzo.
Publishing AgreementsThe new publishing agreement with SPOT includes a direct licensing model, which is believed to be an improvement in economics compared to the prior CRB rate.
Renewals And Growth ConfidenceWMG announced renewals at SPOT and AMZN and re-affirmed its HSD% guide for sub growth, showing confidence in future growth.