At no point did they mention losing confidence. In fact literally the opposite. Chances are Warner along with Sony realized now that Spotify is public they no l

At no point did they mention losing confidence. In fact literally the opposite. Chances are Warner along with Sony realized now that Spotify is public they no longer have to have a vested interest in a major content providers platform. That coupled with the fact that Warner posted less then stellar third quarter earnings, Warner is probably divesting major securities positions and diversifying into a larger swath of securities to reduce risk.