3 Reasons Why Banc of California (BANC) is a Great Momentum Stock

3 Reasons Why Banc of California (BANC) is a Great Momentum Stock

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It seems we’ve waited ages for music bundling with major mobile carriers to help fire up the streaming on-demand business, and suddenly everyone’s talking to everyone else. The latest is market leader Spotify finalizing a deal with Sprint, the No. 3 U.S. mobile carrier, to bundle an on-demand music service with Sprint family plans — similar to the AT&T packages Beats Music bundling deal with French on-demand service Deezer for its Galaxy S5 phone, and Rhapsody said it ramped up its subscriber base by over 60% in less than six months thanks to a partnership with Telefonica. More from Billboard Watch These Senior Citizens Recreate Rihannas Rude Boy Super Bowl Halftime Moment Wu-Tang Clan & Nas Team Up for 2023 N.Y. State of Mind Tour: See the Dates How to Watch the 2023 Billboard Women in Music Awards Sprint is controlled by Japanese investment firm Softbank, which is run by Masayoshi Son. About a year ago he made an audacious $8.5 billion bid for Universal Music Group which was rejected by French parent Vivendi. Late last year Son was in talks to also buy the No.4 U.S. mobile firm T-Mobile even though U.S. regulators have hinted it would be tough to get merger approval.  He told TV interviewer Charlie Rose last month (video below) he still wants to move ahead with the deal and merge Sprint and T-Mobile and start a mobile phone pricing war. Even combined Sprint and T-Mobile would still have fewer mobile customers than either AT&T or Verizon Wireless. Best of Billboard H.E.R. & Chris Brown Come Through to No. 1 on Adult R&B Airplay Chart Anne Wilsons I Still Believe in Christmas Crowns Christian Airplay Chart Frank Sinatra, Eartha Kitt, Eagles & More: Here Are All 37 Holiday Songs on This Weeks Hot 100 Click here to read the full article. View comments
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