Eric Jackson

Universal Music has returned -12.7% since its September 2021 IPO. Spotify, the platform that licenses Drake's catalog from Universal, returned +73.8%. Sir Lucian Grainge collected ~$521M in compensation across the same 4 years. Iceman drops in 19 days. A thread. 🧵

And how about the Jakob trade? Ok I’m getting really angry now

And how did that Pascal trade turn out for the Raptors?

Why did Bobby Webster think it was smart to trade OG for RJ and Quick instead of re-signing OG again? Nobody in the Toronto sports media ever torches him deservedly because they all work for Rogers!

It always blows my mind that the German architect Walter Gropius who co-designed the (then) PanAm Building in New York was born in 1883. He was 20 when the Wright brothers did their first flight, 25 when Model T was first produced... And somehow drew this.

Majestic

Artwork from Drake’s ICEMAN rollout looks like it was inspired by signs Michael Jackson held up to protest against Sony during their legal battle

Full piece — including the Texas AG investigation, the WMG silence asymmetry, the 4-tier SO WHAT for investors / artists / regulators / readers — at EHIQ

This isn't new. It's structural: 2006 - Lane's Gifts v Google: $90M settled. No admission. 2019 - Facebook video metrics: $40M settled. No admission. 2025 - Drake v iHeartMedia: settled. No admission. Same playbook. 20 years apart. Across 2 industries. Tweet 5 (the investor payoff): The structural payoff: The platforms still pretending this doesn't apply to them — and the labels silent across 33 quarterly earnings calls — carry the LARGEST undisclosed exposure. Silence doesn't eliminate it. It preserves it. UMG acknowledged. WMG hasn't. Both are positions.

Drake released 3 albums Friday, May 15th. The press counted 197M streams. Nobody quoted the line on track 7 of ICEMAN: "Hundred million streams vanished, no one got questions for -----s." 6 months earlier, a federal class action quantified the EXACT SAME NUMBER. open.substack.com/pub/eventhoriz…

What you get for $249/month: → Every call as logged, before resolution, with full reasoning → Daily AM brief + Structural Risk Index → Live ledger + state-change alerts → Founding-1000 pricing locked for life — 989 spots remain eventhorizoniq.com/pricing

📍 Paris Court of Appeal: Bolloré "de facto control" finding (UMG/Vivendi cascade) EHIQ: 56% Hearing complete. Ruling expected July 2026. Industry consensus running lower. Full thesis on the dashboard.

Nine days before a federal jury unanimously dismissed Musk v Altman, EHIQ logged 30% for dismissal. Kalshi was at 40%. We called it 10pp lower than the prediction market — and got it right. Here's why that matters, and where we disagree with the market RIGHT NOW. 🧵