A view of of the"Fearless Girl Statue" by artist Kristen Visbal in front the New York Stock Exchange on Wall Street in lower Manhattan on Jan. 29, 2023 in New York City.Recent news — quarterly earnings releases and a major investment — had big impacts on some music companies’ stocks Thursday .
Warner Music Group shares fell 4.3% to $35.09 and dropped as much as 10.5% during the day following the company’sThursday. Warner’s revenue fell 7.8% to $1.48 billion and net income fell 34% to $124 million. A relatively light release schedule, a slowdown in ad-supported revenue and a shorter quarter — the prior year period had one additional week — contributed to the decline.
MSG Entertainment shares ended the day up 11.7% to $59.58 and reached as high as $61.33 during the day, up 15% from the prior day’s closing price.to $642.2 million. The proposed spinoff is expected to be completed by the end of March and the MSG Sphere in Las Vegas is slated to open in September. Investors had other reasons to cheer, however, as MSGE announced it implemented a cost reduction program that resulted in layoffs and other non-labor savings.
Wow The jobless clout chasers of bts are still poor lol
I wanna see Hybe the biggest company in SK who has branches in every biggest music market countries all over the world and only produces great music with genuine talented artists musicians. It’s been not so long since they’re expanding various strategies in industry
hahaha that happens to be disgusting and that happens to make successes
ビルボでも当然取り上げられる話題になるのね。
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
HYBE considering acquisition of stake in SM Entertainment | allkpopHYBE is considering an acquisition of stake in SM Entertainment.On February 9, HYBE confirmed reports the company was looking to purchase sh… Before y’all freak in the replies/qrts acquisition of a stake doesn’t necessarily mean they’d have a say over any day-to-day operations. They likely wouldn’t. No xfa 🍿🍿
Source: allkpop - 🏆 573. / 51 Read more »