{"id":2180503,"date":"2025-11-29T03:36:11","date_gmt":"2025-11-29T03:36:11","guid":{"rendered":"https:\/\/celebrity.land\/en\/?p=2180503"},"modified":"2025-11-29T03:36:11","modified_gmt":"2025-11-29T03:36:11","slug":"sphere-entertainment-shares-up-11-as-music-stocks-have-winning-week","status":"publish","type":"post","link":"https:\/\/celebrity.land\/en\/sphere-entertainment-shares-up-11-as-music-stocks-have-winning-week\/","title":{"rendered":"Sphere Entertainment Shares Up 11% as Music Stocks Have Winning Week"},"content":{"rendered":"

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\n\tSphere Entertainment Co. shares jumped 11.2% to $76.04 in the week ended Nov. 28. Despite frequent news reports that tourism in down in Las Vegas, the Sphere venue\u2019s growth has propelled shares of its parent, Sphere Entertainment Co., to a 99.2% gain in 2025.<\/p>\n

\n\tWhile no market-moving news was released this week, a steady stream of news has painted a positive picture for the venue. The company announced in October that its remake of The Wizard of Oz<\/em> surpassed $130 million in sales<\/a> and more than 1 million tickets. Earlier this month, Sphere announced additional shows in The Eagles residency<\/a>, bringing the band\u2019s run to a venue record of 56 shows. Earlier this week, Sphere Entertainment Co. announced that Christopher Winters<\/strong> was appointed<\/a> senior vice president, controller and principal accounting officer.\u00a0<\/p>\n

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\n\tMusic stocks had a rare positive week as the 19-company Billboard Global Music Index (BGMI) gained 1.0% to 2,597.30. With 14 of the index\u2019s companies in positive territory, the slight improvement marked the BGMI\u2019s first gain in 11 weeks. Year-to-date, the index is up 20.5% but is 16.7% below its all-time high of 3,117.20 set during the week ended June 30.<\/p>\n

\n\tMarkets around the globe outpaced music stocks this week. In the U.S., the Nasdaq composite gained 4.9% to 23,365.69 and the S&P 500 rose 3.7% to 6,849.09. The U.K.\u2019s FTSE 100 climbed 1.9% to 9,720.51. South Korea\u2019s KOSPI composite index improved 1.9%, bringing its year-to-date gain to 60.8%. China\u2019s Shanghai Composite Index was up 1.4% to 3,888.60. \u00a0<\/p>\n

\n\tThe biggest gain of the week came from French music streamer Deezer, which rose 13.5% to 1.09 euros ($1.26). The hefty gain narrowed Deezer\u2019s year-to-date loss to 16.8%. On Tuesday (Nov. 25), Deezer unveiled<\/a> a new personalization feature that allows users to change to look and layout of the mobile app.\u00a0<\/p>\n

\n\tK-pop company SM Entertainment rose 6.0% to 102,000 KRW ($69.50). Reservoir Media increased 4.4% to $7.30. SiriusXM and MSG Entertainment each climbed 3.6%. Spotify, the BGMI\u2019s largest component, gained 2.6% to $583.62.\u00a0<\/p>\n

\n\tThree of the BGMI\u2019s largest companies \u2014 Warner Music Group, Universal Music Group (UMG) and CTS Eventim \u2014 lost ground this week. CTS Eventim fell 0.4% to 84.65 euros ($98.18). On Monday (Nov. 24), Bernstein lowered<\/a> its CTS Eventim price target to 99.00 euros ($114.83) from 100.00 euros ($115.98) and maintained its \u201coutperform\u201d rating. Universal Music Group fell 2.3% to 22.61 euros ($26.22), increasing its year-to-date loss to 7.7%.\u00a0<\/p>\n

\n\tWarner Music Group (WMG) shares fell 8.0% to $30.69. The decline didn\u2019t come from news that WMG settled its lawsuit<\/a> with generative AI music platform Suno \u2014 WMG shares had already fallen 7.6% by the time news of the settlement and corresponding licensing agreement was announced on Tuesday afternoon. Rather, the drop is part of a larger trend in recent months amongst multi-sector companies. In the last nine weeks, WMG has fallen 16.6% and UMG is down 11.6%. <\/p>\n

\n\tSome K-pop companies have fared even worse. Over nine weeks, SM Entertainment has dropped 14.9%, JYP Entertainment has plummeted 33.6% and YG Entertainment has plummeted 7.5%.\u00a0HYBE, on the other hand, has gained 12% over nine weeks due to a Korean court ruling that NewJeans must honor its exclusive contract<\/a> with HYBE imprint ADOR.<\/p>\n