People walk by the New York Stock Exchange on the morning that the music streaming service Spotify begins trading shares at the NYSE on April 3, 2018 in New York City.
Labels and publishers account for 44% of the index’s value; streaming, 24.1%; live music and ticketing, 22.5%; and satellite and radio broadcasting, a combined 9.4%.The index’s value was 1,025.22 on Oct. 5 , up slightly from 1,000.00 on Sept. 23 but down 44.2% from 1,837.02 at the end of 2021. Most of the decline came in the second quarter when the value fell 27.3% from 1,553.18 to 1,128.98.
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