Spotify Collaborates with Universal Music Group on AI Remix Initiative
Spotify has announced an AI-based remix collaboration with Universal Music Group, alongside introducing 'Reserved,' a new concert ticketing feature for Premium subscribers. Rosenblatt upgraded its price target to $534 from $500 but maintained a Neutral stance due to potential overvaluation of these developments in the current stock price.
Tickers: $SPOT
Topics: AI Collaboration Spotify Ticketing System