Live Nation was the top-performing music stock and one of four stocks in positive territory this week. The concert promoter gained 2.5% to $97.02 while three other concert promotion stocks — Sphere Entertainment Co., Madison Square Garden Entertainment and CTS Eventim — each lost ground. fell 1.9% to 1,788.83 as 16 of its 20 stocks finished the week in negative territory. Music streaming companies Deezer and Anghami were two of the week’s other big winners with gains of 1.0% and 0.
In 2021, iHeartMedia shares surpassed $28 after the advertising market recovered from a COVID-19 pandemic-related collapse. But in the subsequent three years, its shares have lost nearly all their value asThe index didn’t fall further than 1.9% because many of its most valuable companies suffered only minor losses this week. Spotify, the largest contributor to the float-adjusted index, dropped only 0.5% while HYBE, one of the index’s more valuable components, fell just 1.5%.
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Live Nation Shares Up 7% After Record Quarter, Universal Music Shares Gain on Earnings & TikTok RenewalLive Nation shares climbed 7.2% after record first quarter results were released and management commented about a potential antitrust lawsuit.
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Taylor Swift's Music Returns to TikTok Amidst Dispute with Universal Music GroupTaylor Swift's music has been reinstated on TikTok, despite the ongoing dispute between her record label, Universal Music Group, and the platform. Universal Music Group had previously claimed that TikTok was not compensating artists adequately and raised concerns over safety and AI music. However, TikTok denied these claims and accused UMG of prioritizing their own interests over those of artists and songwriters.
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Some of Taylor Swift's music is back on TikTok, despite ongoing Universal Music Group disputeKalhan Rosenblatt is a reporter covering youth and internet culture for NBC News, based in New York.
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Taylor Swift music back on TikTok despite fight with Universal Music, report saysTaylor Swift's music is back on TikTok, even as the Chinese short-video app and singer's record label Universal Music are at loggerheads, the Financial Times reported on Thursday.
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