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Spotify Stock Drops Over 12% on Softened Listener Forecast
That adjustment followed Spotify’s reported first-quarter monthly active users (MAU) of 356 million, falling on the bottom end of earlier guidance. There was good news too, though. First-quarter subscriptions were at the high end of guidance, and Spotify did not revise its 2021 guidance for subscribers (172 million to 184 million), suggesting it expects the dip to come from “freemium” listeners. Average revenue per month on those free listeners is 0.35 euros ($0.42), compared to subscribers’ 4.07 euros ($4.94) per month. (Subscribers account for about 90% of the company’s total revenue.) That MAU adjustment could have a larger financial impact in the future, as Spotify uses its freemium business model to acquire new subscribers. So, fewer free listeners this year means there will be fewer ...
Lee Brice’s ‘One of Them Girls’ Named Song of the Year by Nashville Independent Music Publishers
The AIMP event featured live performances by McBryde, Pearce, HARDY, Jon Pardi, Maddie & Tae, and Tennille Arts & Adam Hambrick and video performances by Brice and Ryan Hurd. But the producers deliberately changed things up to make it more interesting. Hurd performed Brice’s “One of Them Girls.” Brice performed HARDY’s “Give Heaven Some Hell.” HARDY performed Jameson Rodgers’ “Some Girls.” “Last night was a reaffirmation of the Nashville independent music community and the powerful work they have done to get us through this past year,” said Ree Guyer, vice president of the AIMP Nashville chapter and co-chair of the AIMP Nashville awards. “As we approach the end of the COVID-19 pandemic, we are excited about the return of in-person songwriting sessions, writers’ rounds, and live per...
Malawi outlaws death penalty
Malawi’s highest court on Wednesday outlawed the death penalty and ordered the re-sentencing of all convicts facing execution. Capital punishment has long been mandatory in Malawi for prisoners convicted of murder or treason, and optional for rape. Violent robberies, house break-ins and burglaries could also be punishable by death or life imprisonment. Executions have however not been carried out since Malawi’s first democratically elected president, Bakili Muluzi, opposed the punishment when he took office in 1994. In a landmark ruling on Wednesday, Supreme Court judges hearing an appeal by a murder convict declared the death penalty “unconstitutional”, de facto abolishing the punishment. “The death penalty… is tainted by the unconstitutionality discussed,” the judgement said. Malawi last...
Pastor Enenche: Nigerian security chiefs now supervising mass killings, insecurity
Renowned gospel preacher, Pastor Paul Enenche, has decried the wave of killings and general insecurity in the land, saying that Security chiefs now supervising mass killings, insecurity in the country. Worried by the spate of violent attacks in different parts of the country during a prayer session in his church, Enenche accused the leadership of the country of complacency in the face of the worsening insecurity. The cleric in a viral video on Facebook monitored by in Abia cautioned those in authority to stop the flow of blood in the land or brace up for God’s wrath. Lamenting the inability of the country’s leadership to stem the tide of disturbing insecurity in Nigeria, the cleric declared that Nigeria is infested with weak and inept leadership. The cleric who was livid with the casualty ...
Ondo NUJ tasks Immigration Service on insecurity, passport
File Photo The Nigeria Union of Journalists (NUJ), Ondo State Council, has appealed to the Federal Government to adequately fund the Nigeria Immigration Service (NIS) to boost its performance. The union said that the funding would enable the agency to fully perform its primary responsibilities of providing internal security as well as to overcome challenges of issuing passports to citizens. The NUJ Chairman, Mr Adetona Aderoboye, made the appeal when he led members of the union executive council on a courtesy visit to the state Conptroller of NIS, Ibong Osato Aideyan, at her office on Wednesday in Akure. “In view of the current security challenges facing the nation, it has become expedient for the federal government to give adequate backing to the agency. “It is for it to be able to proper...
President Buhari nominates Kolawole Alabi as FCCPC commissioner
President Muhammadu Buhari has nominated Mr Kolawole Alabi for appointment as Executive Commissioner, Federal Competition and Consumer Protection Commission (FCCPC). This is contained in a letter dated April 26 and read by President of the Senate, Ahmad Lawan, at the plenary on Wednesday. “In accordance with the provision of Section 5(1) of the Federal Competition and Consumer Protection Commission Act, 2018. “I write to forward, for confirmation by the Senate of the Federal Republic of Nigeria, the appointment of Mr Kolawole Oladipupo Alabi as Executive Commissioner, Federal Competition and Consumer Protection Commission. “The nominee’s CV is attached herewith. “It is my hope that the Distinguished Senate will consider and confirm the appointment in the usual expeditious manner.”(NAN) Get...
Mark Carney on Canada’s economic growth: ‘It’s going to take more than one budget’
“There were elements of growth in the balance from what I can see and understand,” Carney said in a long response that didn’t directly answer the question. “It will take a few budgets to have the type of growth strategy that meets the imperative of what we’re going through and the opportunities that come.” Politics and punditry: Carney’s remarks on the budget follow the political splash he made earlier this month by proclaiming his allegiance to Prime Minister Justin Trudeau’s Liberal Party. Critics have challenged the recovery plan in Freeland’s budget for coming up short on a blueprint to truly bolster economic growth, even though it will cost taxpayers a record-breaking C$101 billion over three years. The budget contained major commitments to invest in a greener economy, digitizat...
AGI’s Jarred Arfa Promoted to Chief Operating Officer
Jarred Arfa has been named chief operating officer of Artist Group International. Arfa, whose previous title was general manager/evp, will oversee all aspects of the business, including legal, finance, corporate reporting, business development, human resources, artists tour contracts, VIP ticketing deals, sponsorship and more. AGI is led by chairman Dennis Arfa and is a leading live entertainment agency that books an expansive roster of musicians worldwide. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue...
NAS: Presidency’s defence of Isa Pantami irresponsible
File Photo The National Association of Seadogs (Pyrates Confraternity) has berated the Presidency over its defence of the embattled Minister of Communications and Digital Economy, Isa Pantami. NAS in a statement signed by the NAS Capoon, Mr Abiola Owoaje, titled ‘Isa Pantami Must Go’ stated that that the Presidency’s defence was “an ill-judged action that provides a safe haven for a self-confessed sympathiser of terrorism.” Owoaje who described the Presidency’s defence as hollow pointed out that “it suggests that the Buhari administration is so deeply infected with bigotry that the defence of a Minister is informed by factors more primordial than the integrity of governance.” According to him “President Buhari’s decision to retain Pantami as Minister despite documented evidence of him bein...
Ebonyi commissioner escapes gunmen attack
The Ebonyi State Commissioner for Infrastructure Development, Engr. Fidelis Nweze, narrowly escaped gun attack on Tuesday as he abandoned his car and ran into the bush leaving his SUV at the mercy of gunmen who shot sporadically in all directions. The incident happened at the site of a proposed international airport in the State. The gunmen were feared to have targeted the State Governor, Dave Umahi who was scheduled for an inspection visit to the airport. Newsmen gathered that the gunmen stormed the airport site at about 3:30 p.m. but missed their target as the Governor failed to turn up. A highly placed source at the Ebonyi State Government House told newsmen that the heavily armed men came on seven motorcycles and two vehicles. “On getting to the site, they opened fire, but God averted ...
Senate passes amended AMCON bill, empowers agency to seize debtors’ assets
The Senate Wednesday passed the Asset Management Corporation of Nigeria Amendment bill after considering the report of its Committee on Banking, Insurance, and Other Financial Institutions. The amendment bill passed by the upper chamber empowers the Assets Management Corporation of Nigeria to, among others, take possession, manage or sell all properties traced to debtors, whether or not such assets or property is used as security/collateral for obtaining the loan in particular. It also empowers the corporation to access the Special Tribunal established by the BOFIA, 2020 for dealing with financial related matters. Presenting the report, Chairman of the Committee, Senator Uba Sani (APC, Kaduna Central) said the Committee engaged with stakeholders such as AMCON, Federal Ministry of Finance, ...
NAPTIP chief seeks renewed regional collaboration against illegal migration, trafficking
The Director General of National Agency for the Prohibition of Trafficking in Persons, NAPTIP, Imaan Sulaiman Ibrahim, as called for renewed regional collaboration against illegal migration and human trafficking. This was as he expressed sadness over the incessant mishap involving hundreds of irregular migrants on the Mediterranean Sea enroute Europe describing it as huge loss that could be avoided. She called stakeholders across the World and specifically in African to join hands with the Agency in its renewed efforts to scale up sensitization and awareness campaign as a way of remedying the situation. Mrs Suaiman Ibrahim, according to a statement, Wednesday, by Stella Nezan, Head, Press and Public Relations Unit of NAPTIP, “made the call in Abuja while reacting to the recent human casual...
