The 20-company Billboard Global Music Index dropped 2.9% despite bright spots like Cloud Music, which saw shares rise 20% following strong full-year earnings results.
Also, Live Nation shares gained 3.7% and reached an all-time high ahead of next week’s fourth-quarter earnings results.
Led by Spotify’s 13.6% increase, the Billboard Global Music Index improved 7.7% to a record 2,635.41.
The Billboard Global Music Index rose 3.5% to a record 2,303.31 as 12 of its 20 stocks finished the week in positive territory.
The 20-company Billboard Global Music Index jumped 4.7% to 2,226.11 as 16 stocks posted gains compared to just four losses.
The 20-company Billboard Global Music Index dropped 1.4% to 2,126.33, its fourth decline in the last five weeks.
Universal Music Group and Warner Music Group were among the week's few winners as the 20-company Billboard Global Music Index dropped 0.6% to 2,155.51.
The 20-company Billboard Global Music Index fell 3.3% to 2,168.69, lowering its year-to-date gain to 41.4%.
The 20-company Billboard Global Music Index dropped 1.6% to 2,243.59, lowering its year-to-date gain to 46.3%.
The 20-company Billboard Global Music Index improved 2.1% to a record 2,208.32, bringing its year-to-date gain to 44.0%.
