Spotify & iHeartMedia Lead Music Stocks, SM Entertainment Shares Dip Amid Sex Scandal

  • 📰 billboard
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

España Noticias Noticias

España Últimas Noticias,España Titulares

Spotify led music stocks as SM Entertainment shares dipped amid a sex scandal revolving around two members of the K-pop label's boy band, NCT.

of a U.S. price increase on Monday sent the stock on a roller-coaster ride. Shares rose to a new 52-week high of $331.08 on Wednesday — its highest point since Feb. 25, 2021 — before closing at $308.11 on Friday . in the United Kingdom and Australia in May. The additional U.S. price increase, which goes into effect in July, will raise individual rates to $11.99 per month and family plans to $19.99 per month.

to the board of directors and approved an advisory vote on the company’s 2023 executive compensation. SM Entertainment dropped 8.5% to 83,500 won amidst controversy over an alleged sex scandal involving Johnny and Haechan of the group. Such a large drop isn’t uncommon when a K-pop company’s artists are plastered across the South Korean news. In October, K-pop stocksElsewhere, CTS Eventim rose 4.3% to 82.80 euros . On Thursday , the German concert promoter and ticketing company finalized aof Vivendi’s festival and ticketing businesses.

Some U.S. stock indexes reached all-time highs this week. The S&P 500 hit a record 5,375.08 Friday, although it closed at 5,346.99, down 0.1%. The tech-heavy Nasdaq composite reached a new high of 17,235.73 on Thursday and ended Friday at 17,133.12, up 2.4% from the prior week. In the United Kingdom, the FTSE 100 declined 0.4% to 8,245.37. South Korea’s KOSPI composite index rose 3.3% to 2,722.67. China’s Shanghai Composite Index lost 1.2% to 3,051.28.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 112. in ES
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

A Timeline of the Music Industry’s Bundling Feud With Spotify (Updating)Here's a timeline of the Spotify, music publishers and songwriters bundling feud.
Fuente: billboard - 🏆 112. / 63 Leer más »

Spotify’s Estimated $150M Songwriter Royalty Cuts: Music Industry Reactions (Updating)Spotify's songwriter royalty cuts: Music industry reactions to the estimated $150 million decrease from the NMPA, NSAI, AIMP and more.
Fuente: billboard - 🏆 112. / 63 Leer más »