Concert Promotion Stocks Are the Biggest Gainers on This Week’s Billboard Global Music Index

📆 5/20/2023 2:56 AM
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MSG Entertainment shares were up more than 19% this week, while CTS Eventim and Live Nation were also among the best-performing stocks.

showed a 163% revenue jump to 366.2 million euros — beating pre-pandemic levels from the first quarter of 2019 by 29.5%. Year-to-date, CTS Eventim has sold 18 million tickets online, a 58% increase from the prior-year period. Meanwhile, Live Nation, the world’s largest concert promoter, improved 8.4% to $84.73 and is now up 21.5% year to date. Sphere Entertainment Co., whichThe S&P 500 improved 1.6% to 4,191.98 and the Nasdaq composite rose 3% to 12,657.90. The U.K.

K-pop companies continued their hot streak this week. Two companies not in the Billboard Global Music Index, JYP Entertainment and YG Entertainment, gained 22.7% and 17.8%, respectively. Year-to-date, shares of JYP Entertainment, home to Stray Kids and

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