Dream Wired
No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
No Result
View All Result
Dream Wired
No Result
View All Result
Home Music

Believe, Spotify, Live Nation, K-Pop Shares Up

rmtsa by rmtsa
February 17, 2024
in Music
0
Believe, Spotify, Live Nation, K-Pop Shares Up
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Richie Sambora Underwent ‘Emergency Surgery’ After Breaking Hand

My Chemical Romance Launch 2025 Tour: Setlist and Video

21 Savage, Sexyy Red, Latto

Believe’s share price jumped 19.2% to 14.78 euros ($15.93) this week following Monday’s news that a consortium including founder/CEO Denis Ladegaillerie plans to take the company private at 15.00 euros per share. The scant difference between the offer price and Friday’s closing price suggests investors believe Ladegaillerie, along with investment funds EQT and TCV, is likely to get the deal done.

“Believe has a significant opportunity ahead to consolidate the independent music market and create the first global major independent,” Ladegaillerie said in a statement. But the consortium, which has 71.9% of outstanding shares, has a good distance to go. After the group obtains a 75% stake through already agreed-upon transactions with some shareholders, it will acquire regulatory approvals and the opinion of an independent expert before making a tender offer for the remaining shares.  

The Billboard Global Music Index rose 1.4% to a record 1,659.96 as 13 of the index’s 20 stocks finished the week in positive territory. That brought the index’s year-to-date gain to 8.2%. Over the last 52 weeks, the index is up 29.4%.

Thanks to Believe’s double-digit gain and improvements from some large companies such as Live Nation, CTS Eventim and Spotify, the Billboard Global Music Index outperformed many other indexes around the world. In the US, the Nasdaq composite and the S&P 500 declined 1.3% and 0.4%, respectively. South Korea’s KOSPI composite index rose 1.1% to 2,648.76. In the United Kingdom, the FTSE 100 gained 1.8% to 7,711.71. 

U.S. stocks had an off week, rocked by news on Tuesday (Feb. 13) that U.S. prices rose 0.3% in January. That led investors to flee from stocks for fear that the higher-than-expected inflation figures would cause the Federal Reserve to keep interest rates high to cool the economy. Then on Thursday (Feb. 15), numbers from the U.S. Census Bureau showed that retail sales fell 0.8% in January, worse than the expected 0.3% decline and well below December’s 0.4% gain.

Spotify gained another 2.2% to $246.18, bringing its year-to-date gain to 31.0%. Live Nation shares improved 4.2% to $93.27 ahead of the company’s fourth-quarter earnings release on Feb. 22. Reservoir Media rose 8.6% to $6.96 a week after the company raised its guidance for full-year results and posted 19% revenue growth last quarter. 

K-pop stocks have had a terrible start to 2024, though there was some improvement this week. SM Entertainment gained 9.7% to 80,100 won ($60.11), improving its year-to-date decline to 13%. HYBE, which is down 10.7% year-to-date, gained 4.3% to 208,500 won ($156.46). YG Entertainment rose 3.1% to 43,500 won ($32.64) but has fallen 14.5% in 2024. And JYP Entertainment managed a modest 0.7% gain, bringing its year-to-date deficit to 24.4%. 



Source link

Tags: KPopLiveNationSharesSpotify
Share30Tweet19
rmtsa

rmtsa

Recommended For You

Richie Sambora Underwent ‘Emergency Surgery’ After Breaking Hand

by rmtsa
July 13, 2025
0
Richie Sambora Underwent ‘Emergency Surgery’ After Breaking Hand

Richie Sambora reportedly underwent emergency surgery after breaking his hand while playing touch football.The former Bon Jovi guitarist is said to recovering well after having his hand re-broken...

Read more

My Chemical Romance Launch 2025 Tour: Setlist and Video

by rmtsa
July 13, 2025
0
My Chemical Romance Launch 2025 Tour: Setlist and Video

My Chemical Romance launched their 2025 North American stadium tour on Friday (July 11) in Seattle in momentous fashion, performing the longest show of their career, according to setlist.fm.You...

Read more

21 Savage, Sexyy Red, Latto

by rmtsa
July 13, 2025
0
21 Savage, Sexyy Red, Latto

Drake's Saturday performance served as a love letter to the U.K., which he considers to be the preeminent hip-hop country. Drake performs live at Wireless Festival at Finsbury...

Read more

Now Hear This: July 2025

by rmtsa
July 12, 2025
0
Now Hear This: July 2025

Now Hear This is a monthly A&R column that provides you with exciting new sounds we discovered through the innovative new music platform Groover.Each month, you can expect...

Read more

See All the Wild Ways Rappers Have Covered Their Faces

by rmtsa
July 12, 2025
0
See All the Wild Ways Rappers Have Covered Their Faces

There are many ways rappers try to stand out from the crowd. A certain look is one thing that can grab fans' attention. Through the years, covering their...

Read more
Next Post
‘Jennifer’s Body’ Cast: Where Are They Now?

'Jennifer's Body' Cast: Where Are They Now?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized

CATEGORIES

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized
No Result
View All Result

Recent News

  • Kylie Jenner Getting Wet In A Tight Lace Bikini Looks ‘Heavenly’
  • A24’s ‘Materialists’, ‘Sorry, Baby’ Fly Amid Tentpoles
  • The 10 Worst Blockbusters of the Last 10 Years

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In