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Music publishers Spotify and Warner Music were dropped on Redburn

Music publishers Spotify and Warner Music were dropped on Redburn

Music streaming companies Spotify (NYSE:SPOT) and Warner Music Group (NASDAQ:WMG) Both were downgraded to “Sell” by analysts at Redburn Atlantic on Wednesday, citing the competitive environment in the sector and structural challenges that will limit broad-based price increases.

“Meanwhile, Redburn said,