{"id":2000797,"date":"2025-09-06T01:12:06","date_gmt":"2025-09-06T01:12:06","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=2000797"},"modified":"2025-09-06T01:12:06","modified_gmt":"2025-09-06T01:12:06","slug":"sphere-entertainment-stock-rises-again-on-wizard-of-oz-hype","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/sphere-entertainment-stock-rises-again-on-wizard-of-oz-hype\/","title":{"rendered":"Sphere Entertainment Stock Rises Again on ‘Wizard of Oz’ Hype"},"content":{"rendered":"

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\n\tS<\/span>phere Entertainment Co. was the top-performing music stock for the second consecutive week after gaining 7.8% to $48.90 for the week ended Sept. 5.\u00a0<\/p>\n

\n\tAfter rising 6.8% the previous week, Sphere Entertainment rode continued enthusiasm<\/a> for the revamped The Wizard of Oz<\/em> that debuted at Sphere on Aug. 28. On Wednesday (Sept. 3), the stock reached a 52-week high of $49.98 after the company announced<\/a> it repurchased $27.5 million of common stock, putting it within reach of its all-time high of $51.19 set in February 2021.\u00a0 \u00a0<\/p>\n

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\n\tGerman concert promoter CTS Eventim was the No. 2 music stock of the week, rising 5.5% to 84.45 euros ($98.99). On Tuesday, Rothschild & Co. upgraded<\/a> CTS Eventim to a \u201cbuy\u201d rating and lowered its price target to 105.00 euros ($123.08) from 109.00 euros ($127.77).\u00a0<\/p>\n

\n\tSpotify was No. 3 after gaining 3.6% to $707.19. On Wednesday, Guggenheim reiterated<\/a> its \u201cbuy\u201d rating and $850 price target for Spotify while making the case that the company\u2019s ability to raise prices will help it \u201cexceed current consensus estimates\u201d in 2026 and beyond. Although Spotify is well below its all-time high of $785.00 set on June 27, it has gained 51.6% this year, making it one of the best-performing music stocks.\u00a0<\/p>\n

\n\tThe 19-company Billboard Global Music Index (BGMI) rose 1.7% to 3,301.18, bringing its year-to-date gain to 42.7%. A dozen of the index\u2019s stocks gained value during the week while seven lost ground.\u00a0<\/p>\n

\n\tK-pop companies were among the 12 stocks that gained value this week. JYP Entertainment was up 3.4%, raising its year-to-date gain to 10.9%. HYBE improved 1.2%, which improved its 2025 gain to 44.5%. SM Entertainment rose 0.9%, lifting its year-to-date gain to 93.0%.\u00a0<\/p>\n

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\n\tExcept for Spotify, the BGMI\u2019s largest components had either small gains or modest losses. Universal Music Group rose 0.7% to 24.30; its year-to-date gain stands at 1.6%. Tencent Music Entertainment had a rare down week, falling 0.2% to $24.49 and lowering its 2025 gain to 119.6%. Live Nation fell 1.9% to $163.42, dropping its year-to-date gain to 26.2%.\u00a0<\/p>\n

\n\tMusic streamer LiveOne was the week\u2019s biggest loser after falling 20.0% to $0.44. Radio companies iHeartMedia and Cumulus Media dropped 11.4% and 5.9%, respectively.\u00a0<\/p>\n

\n\tMarkets finished the week ahead but struggled at the end of the week after a disappointing jobs report<\/a> showed a smaller-than-expected increase in payrolls and an increase in the unemployment rate. A Bureau of Labor Statistics report on Friday (Sept. 5) revealed that nonfarm payrolls increased 22,000 in August, versus economists\u2019 expectations of 75,000. June\u2019s payroll gain was revised down by 27,000 jobs, while July was revised up by 6,000. The unemployment rate rose to 4.3%.\u00a0<\/p>\n

\n\tIn the U.S., the tech-heavy Nasdaq composite index rose 2.6% and the S&P 500 gained 0.2%. The U.K.\u2019s FTSE 100 also gained 0.2%. South Korea\u2019s KOSPI composite index rose 0.6%. China\u2019s Shanghai Composite Index fell 1.2%.\u00a0<\/p>\n


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\u2018 The preceding article may include information circulated by third parties \u2019 <\/em><\/p>\n

\u2018 Some details of this article were extracted from the following source www.billboard.com \u2019 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Sphere Entertainment Co. was the top-performing music stock for the second consecutive week after gaining 7.8% to $48.90 for the week ended Sept. 5.\u00a0 After rising 6.8% the previous week, Sphere Entertainment rode continued enthusiasm for the revamped The Wizard of Oz that debuted at Sphere on Aug. 28. On Wednesday (Sept. 3), the stock […]<\/p>\n","protected":false},"author":2,"featured_media":2000798,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"footnotes":""},"categories":[25172],"tags":[360132,27786,352735,233657,22821,352736],"class_list":["post-2000797","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-hybe","tag-live-nation","tag-music-stocks","tag-sphere-entertainment","tag-spotify","tag-stocks"],"jetpack_featured_media_url":"https:\/\/celebrity.land\/en\/wp-content\/uploads\/2025\/09\/Sphere-Entertainment-Stock-Rises-Again-on-Wizard-of-Oz-Hype.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2000797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/comments?post=2000797"}],"version-history":[{"count":0,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/posts\/2000797\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media\/2000798"}],"wp:attachment":[{"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/media?parent=2000797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/categories?post=2000797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/celebrity.land\/en\/wp-json\/wp\/v2\/tags?post=2000797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}