{"id":114825,"date":"2024-11-22T21:05:20","date_gmt":"2024-11-23T02:05:20","guid":{"rendered":"https:\/\/www.cyberlego.com\/web\/2024\/11\/22\/jyp-entertainment-shares-spike-on-stray-kids-announcement-live-nation-stock-hits-record-high\/"},"modified":"2024-11-22T21:05:20","modified_gmt":"2024-11-23T02:05:20","slug":"jyp-entertainment-shares-spike-on-stray-kids-announcement-live-nation-stock-hits-record-high","status":"publish","type":"post","link":"https:\/\/www.cyberlego.com\/web\/2024\/11\/22\/jyp-entertainment-shares-spike-on-stray-kids-announcement-live-nation-stock-hits-record-high\/","title":{"rendered":"JYP Entertainment Shares Spike on Stray Kids Announcement, Live Nation Stock Hits Record\u00a0High"},"content":{"rendered":"

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\n\tJYP Entertainment, the K-pop company behind such artists as TWICE<\/a> and Stray Kids<\/a>, is on a roll, with its stock closing Friday (Nov. 22) at 66,100 won ($47.06) \u2014 up 11.3% for the week and marking its highest closing price since May 10. This week, the company seemingly got a nudge from the Monday (Nov. 18) announcement of Stray Kids\u2019 20-date, Live Nation-produced stadium tour<\/a> in 2025 that will cover North America, Latin America and Europe. But the momentum has been building for a while; over the last three weeks, JYP shares have gained 35.6%.<\/p>\n

\n\tOther K-pop stocks also posted gains this week: YG Entertainment rose 7.7% as \u201cAPT\u201d by ROS\u00c9<\/a> and Bruno Mars<\/a> spent a fourth week<\/a> atop the Billboard <\/em>global charts and reached No. 1 in Japan<\/a>. Elsewhere, HYBE improved 4.4% and SM Entertainment increased 4.3%. Collectively, the four K-pop companies have gained an average of 20.7% in the last three weeks and narrowed their average year-to-date deficit to 15%.\u00a0<\/p>\n

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\t\t\t\t\tWhy Subscription Growth Is the Barometer for Major Label Success in\u00a02024\t\t<\/p>\n<\/h3><\/div>\n

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\n\tAnother high-flying music stock was Live Nation, which jumped 8.7% to an all-time high of $140.26 on Friday after more analysts increased their price targets. Citigroup increased its target on the concert promoter to $163 from $130, while Deutsche Bank upped its target to $150 from $130. As of Friday\u2019s closing price, Live Nation shares have gained 49.8% in 2024 and 19.8% in just the last three weeks. The company\u2019s third-quarter earnings<\/a> on Nov. 11 can take credit for some of the recent gains, though Donald Trump<\/strong>\u2019s victory in the U.S. presidential election played a part<\/a>, too, as investors believe Live Nation\u2019s ongoing lawsuit brought by the Department of Justice will see a more favorable resolution with the incoming administration.\u00a0<\/p>\n

\n\tIn other music stocks news, Spotify continued its hot streak by gaining 3.7% to $475.27, marking its second-highest closing price ever. A week earlier, Spotify shares gained 14.5%<\/a> after the company\u2019s third-quarter earnings showed the company achieved a record operating profit. The streaming company\u2019s stock has gained 153% in 2024 and is up 23.6% in the last three weeks alone.\u00a0<\/p>\n

\n\tThe 20-company Billboard Global Music Index rose 2.1% to a record 2,208.32 as 14 stocks finished the week with gains, putting it in line with stocks around the globe. In the United States, both the Nasdaq composite and S&P 500 increased 1.7%. In the United Kingdom, the FTSE was up 2.5%. South Korea\u2019s KOSPI composite index gained 3.5%. Only China\u2019s Shanghai Composite Index was an exception, dropping 1.9%.<\/p>\n

\n\tElsewhere, music streamer LiveOne gained 12.8% to $0.88, while iHeartMedia improved 8.6% to $2.40 after the radio giant announced<\/a> terms for a debt exchange that will ease the company\u2019s financial burden and extend most of the maturity dates for its debts. As of Nov. 14, note holders representing approximately 85% of outstanding debt have agreed to exchange notes under the new terms.\u00a0<\/p>\n

\n\tJust six of the index\u2019s 20 stocks finished the week in negative territory. The sharpest drop came from German concert promoter CTS Eventim, which fell 9.7% this week after the company\u2019s third-quarter earnings<\/a> showed an increase in revenue but a drop in adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) margin for both the promotion and ticketing segments.\u00a0<\/p>\n

\n\tLastly, label giant Warner Music Group (WMG) dropped 3.3% to $31.85 following the release of its latest quarterly earnings<\/a> on Thursday (Nov. 21). JP Morgan dropped its price target to $40 from $41 after lowering its estimate for fiscal 2025 adjusted operating income before depreciation and amortization (OIBDA) to $1.49 billion from $1.527 billion. Meanwhile, Deutsche Bank cut its WMG price target to $34 from $36.\u00a0<\/p>\n

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Aller \u00e0 la source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

JYP Entertainment, the K-pop company behind such artists as TWICE and Stray Kids, is on a roll, with its stock closing Friday (Nov. 22) at 66,100 won ($47.06) \u2014 up 11.3% for the week and marking its highest closing price since May 10. This week, the company seemingly got a nudge from the Monday (Nov. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-114825","post","type-post","status-publish","format-standard","hentry","category-musique","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"_links":{"self":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts\/114825","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/comments?post=114825"}],"version-history":[{"count":0,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/posts\/114825\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/media?parent=114825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/categories?post=114825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cyberlego.com\/web\/wp-json\/wp\/v2\/tags?post=114825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}