Universal Music Group, Spotify, Live Nation and Deezer also posted gains following their quarterly earnings reports.
Despite an uncertain economic climate, CEOs across the business are expressing confidence in music’s ability to endure even as other industries suffer.
With gains in event-related deferred revenue and tickets sold for future events, Live Nation expects a double-digit increase in adjusted operating income in 2025.
Labels, live businesses and streaming companies’ stocks are mostly living up to music’s reputation as a sturdy investment option in down times. Radio is another story.
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.
Other deals this round: ATC Group acquires a majority stake in Easy Life Entertainment, Triple 8 Management partners with AI company Sureel and more.
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.
Rejecting a bid to narrow the huge antitrust case, a judge refused to toss a claim that Live Nation exploits its network of amphitheaters to pressure artists into promotion deals.
Universal Music Group and Warner Music Group shares gained following the former’s fourth-quarter earnings release on Thursday (March 6).
Before there was Live Nation, the merger between SFX and Clear Channel changed touring for everyone: "It was probably the biggest impact in the industry since the Beatles."
