Cumulus Media shares fell 16% after the company announced it would be de-listed from the Nasdaq exchange.
While many music stocks rebounded after the U.S. Treasury paused tariffs for 90 days, only Live Nation has posted a gain over the last two chaotic weeks.
iHeartMedia, which was one of eight music stocks to drop more than 10%, fared the worst with a 26.8% decline.
Korean companies fared well even as the 20-company Billboard Global Music Index fell 2.9% due mainly to declines by Spotify, Warner Music Group and CTS Eventim.
The company's shares dropped on major shareholder Pershing Square’s plan to sell 50 million shares, capping off a rough week for most music stocks.
Universal Music Group and Warner Music Group shares gained following the former’s fourth-quarter earnings release on Thursday (March 6).
K-pop stocks fared well in a week when most stocks on the Billboard Global Music Index, which lost 2.3%, were down amid a rough period for markets overall.
The 20-company Billboard Global Music Index dropped 2.9% despite bright spots like Cloud Music, which saw shares rise 20% following strong full-year earnings results.
Also, Live Nation shares gained 3.7% and reached an all-time high ahead of next week’s fourth-quarter earnings results.
Led by Spotify’s 13.6% increase, the Billboard Global Music Index improved 7.7% to a record 2,635.41.
