Prime Minister Mark Carney: Canada is America’s largest customer. We buy more goods from America than China, Japan, and Germany combined.
@MarkJCarney#ECNYCarney
UMG +8% over 3 days — up ~2.5% today — while SPY is down 0.6%.
The lazy read: "Iceman sold, good for the label." A $60B major doesn't re-rate 8% on one artist's streaming week, this is an institutional move.
Here's what the tape isn't reading: 3 surprise albums in a day isn't Drake feeding the machine, it's Drake clearing the deal. The lyrics aren't subtle: "leadin' my own version of the revolution," "private arbitration leads to resolution," "why am I boss of the business."
The supply Wall Street is cheering is the exit.
They're pricing engagement.
He's pricing his way out.
To all the OWLS 🦉
Let’s MASS repost the ICEMAN videos posted by the OVO SOUND account. Since OVO SOUND owns the rights to them, UMG can’t take them down.
UMG saw everything from ICEMAN going insanely viral and started panicking, hitting everyone with DMCAs