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

HYBE & JYP Entertainment Stocks Rise on J-Hope News, Boy Band Launch

rmtsa by rmtsa
January 11, 2025
in Music
0
HYBE & JYP Entertainment Stocks Rise on J-Hope News, Boy Band Launch
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Brothers Osborne Honors Music Health Alliance’s Tatum Allsep

Jeff Buckley Documentary Coming To Theaters In August

Russell Simmons Files $20 Million Lawsuit Over HBO Doc

HYBE and JYP Entertainment were among the few music stocks to make gains this week as markets stumbled globally. HYBE, home to BTS and its members’ solo projects, rose 7.2% to 215,500 won ($146.19), its best closing price since Nov. 20, thanks to Friday’s news that BTS member J-Hope will soon release new music and commence a world tour starting in Seoul on Feb. 28. JYP Entertainment, which has had global success with Stray Kids and ITZY, rose 5.6% to 71,600 won ($48.57) after the company announced it will launch a new boy band, Kickflip, on Jan. 20.

The 20-company Billboard Global Music Index (BGMI) slipped 1.4% to 2,126.33, marketing the fourth time in five weeks the index has lost value. Only five of the 20 stocks finished the week in positive territory. Other than HYBE and JYP Entertainment, only CTS Eventim (up 3.4%), Believe (up 3.2%) and Universal Music Group (up 1.1%) posted gains. Three stocks (Cumulus Media, Deezer and Anghami) were unchanged while 12 stocks had losing weeks.

Music stocks were dragged down by numerous market forces this week. Stocks fell sharply on Friday (Jan. 10) following healthy employment numbers that investors likely interpreted to mean the U.S. Federal Reserve would not seek to lower interest rates at its meetings in January or March. Also, data from the University of Michigan released Friday showed consumers’ expectations for future inflation rose to 3.3% from 2.8%. In the United States, the Nasdaq composite fell 2.3% to 19,161.63 and the S&P 500 dropped 1.9% to 5,827.04. In the United Kingdom, the FTSE 100 rose 0.3% to 8,248.49. China’s Shanghai Composite Index dipped 1.3% to 3,168.52. South Korea was an outlier as the KOSPI composite index rose 3.0%. 

Warner Music Group (WMG) shares dropped 5.4% to $29.33 after three analysts lowered their price targets ahead of WMG’s quarterly earnings release on Feb. 6. Guggenheim lowered its WMG price target to $40 from $44 after taking into account an expected 1.5% foreign exchange impact on the latest quarter’s revenue and a 1.7% impact on revenue for the full fiscal year ended Sept. 30, 2025. Guggenheim also dropped its recorded music licensing estimate while maintaining its recorded music subscription revenue growth forecast in the “high single-digit” range. Evercore lowered WMG shares to $35 from $36. UBS lowered WMG to $41 from $43 and maintained its “neutral” rating. 

Spotify, which announces fourth-quarter earnings on Feb. 4, fell 1.5% to $459.53. Goldman Sachs raised its Spotify price target this week to $550 from $490. Spotify shares have fallen in five of the last six weeks and are 9.3% below the all-time high of $506.47 set on Dec. 4. 

Music streaming company LiveOne had the index’s biggest decline, dropping 12.4% to $1.20. Radio broadcaster iHeartMedia fell 11.7% to $1.88. SiriusXM continued its losing streak, sinking 6.8% to $20.83. SiriusXM shares fell 58.3% in 2024 and have dropped 16.4% in the last three months. K-pop company SM Entertainment sank 5.1% to 68,900 won ($46.74).



Source link

Tags: bandBoyEntertainmentHYBEJHopeJYPlaunchNewsRiseStocks
Share30Tweet19
rmtsa

rmtsa

Recommended For You

Brothers Osborne Honors Music Health Alliance’s Tatum Allsep

by rmtsa
June 5, 2025
0
Brothers Osborne Honors Music Health Alliance’s Tatum Allsep

On Wednesday night (June 4), Billboard’s annual Country Power Players event, presented by Bud Light and held at Luke Combs‘s Category 10 venue in downtown Nashville, honored several...

Read more

Jeff Buckley Documentary Coming To Theaters In August

by rmtsa
June 5, 2025
0
Jeff Buckley Documentary Coming To Theaters In August

The long-awaited documentary It’s Never Over: Jeff Buckley will be released theatrically in the United States on Aug. 8 and will be available on HBO and HBO Max...

Read more

Russell Simmons Files $20 Million Lawsuit Over HBO Doc

by rmtsa
June 4, 2025
0
Russell Simmons Files  Million Lawsuit Over HBO Doc

Russell Simmons has reportedly filed a $20 million lawsuit against HBO Max and the filmmakers behind the 2020 documentary, On the Record.Russell Simmons Sues HBO for $20 Million...

Read more

Why Island Hospitality's Ibiza Venues Are Favorites Among Electronic Music Lovers

by rmtsa
June 4, 2025
0
Why Island Hospitality's Ibiza Venues Are Favorites Among Electronic Music Lovers

There are places you go to see in Ibiza, and there are places you go to feel it.Island Hospitality's portfolio of destinations belongs firmly to the latter. With...

Read more

Dave Mason Cancels All Tour Dates Following Health Issues

by rmtsa
June 4, 2025
0
Dave Mason Cancels All Tour Dates Following Health Issues

Dave Mason has canceled all of his 2025 tour dates due to his ongoing health issues.The singer-songwriter had hoped to get back on the road this year after...

Read more
Next Post
RHOSLC Cast Discuss Where They Stand With Britani After Drama

RHOSLC Cast Discuss Where They Stand With Britani After Drama

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

  • The Valley Season 3 Cast Shakeup Revealed! See Who’s Safe
  • Hollywood Has Left LA
  • Brothers Osborne Honors Music Health Alliance’s Tatum Allsep

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