Live Nation shares reached an all-time high this week, and Spotify took back the losses that followed its Q2 earnings results.
In a new Guggenheim report, analysts explain how price increases and new superfan tiers should keep growth steady in the second half of 2025 and 2026.
China's top music streamer said subscribers rose 6.3% to 124.4 million, which drove a 17% year-over-year increase in music subscriptions revenue.
Led by Netease Cloud Music and Tencent Music Entertainment, the 20-company Billboard Global Music Index rose 3.0% for the week ended July 18.
From Universal Music Group to Sphere Entertainment, a roundup of the most impressive and surprising stats from the latest round of music companies’ earnings.
Tencent Music becomes the second-largest shareholder in SME, after Kakao.
The Billboard Global Music Index rose 3.1% to an all-time high of 2,794.37, surpassing the previous record of 2,755.53 set on Feb. 14.
The Chinese streaming platform says it bought $327 million worth of Universal's stock in mid-March, adding to a stake it had in UMG through a consortium of investors.
The Chinese streaming company gained 11.6% as the 20-company Billboard Global Music Index rose 3.0% to 2,533.53.
The company also announced a $273 million dividend and a $1 billion share repurchase program.
