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Warner Music a Rare Bright Spot for Music Stocks This Week Thanks to Earnings Rebound

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The Billboard Global Music Index declined 1.9% this week as only 4 of the 21 stocks were in positive territory.

to 146.1 million in the second quarter. Starting in October, Disney will raise the prices for both ad-free and ad-supported tiers of Disney+ and Hulu by at least 20%. Following the price increases, ad-free Disney+ will cost $13.99 per month and ad-free Hulu will cost $17.99 per month.

Music services have been far more hesitant than streaming video-on-demand services to raise prices. Spotify just increased its individual plan price in the United States — by $1 to $10.99 — for the first time since launching in 2011. By contrast, Huluand has increased its the price of its ad-free tier by 39% in less than a year.

Music stocks’ decline mirrored stocks’ broad declines this week. In the United States, the S&P 500 and the Nasdaq composite fell 0.3% and 1.9%, respectively. In the United Kingdom, the FTSE 100 was down 0.5%. South Korea’s KOSPI composite index declined 0.4%. News that the U.S. producer price index, a gauge of wholesale prices,Daily newsletters straight to your inbox

 

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Music Industry Moves: Belinda Signs to Warner Music LatinaBelinda has signed a deal with Warner Music to start a new phase in her long career as a Mexican pop artist and actress. Belinda has been involved in various business ventures in television, fashion, and music, and gained fame as a child actress in popular Mexican soap operas.
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