Coronavirus Has Hammered the Stock Market -- But It Could Be Good for Warner Music Group's IPO

Behind that shocking headline of a $6 trillion market depletion lies the fact that simple logic has been playing out. Fears over coronavirus will, obviously enough, lead more people to stay at home while resulting in a dramatic downturn in travel.

By contrast, companies reliant on entertainment content have fared much better amid the corona scare. Video gaming giant Electronic Arts , for example, saw its stock fall by just 6.1% across last week’s five trading days. The biggest audio distribution company on the market, Spotify, also enjoyed a softer landing, falling a light 6.7% from $146.95 to $137.12.showcased a business with a $258 million fiscal-year net profit in 2019.

Weird flex bro.

Entertainment Entertainment Latest News, Entertainment Entertainment Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Miami's Ultra Music Festival canceled over coronavirus fearsMiami city officials announced that this year's Ultra Music Festival, expected to draw 165,000 electronic music fans, has been cancelled due to the threat of coronavirus. As will every other public event I struggle to understand those who would go to something like this right now. Can’t you just do an online stream?
Source: latimes - 🏆 11. / 82 Read more »