On the Billboard Global Music Index — up 13% at the midyear — two South Korean companies also accounted for some of the biggest gains.
The company led all music stocks this week on the Billboard Global Music Index, which was up 1% despite 13 of 21 companies finishing in negative territory.
The Billboard Global Music Index rose 2.5% this week and finished the midpoint of 2023 up 13%.
The Billboard Global Music Index dropped 3.5% with 16 of its 21 stocks in negative territory.
The Billboard Global Music Index improved 1.8% this week — up 8.8% so far this year.
The Billboard Global Music Index rose 1.3% overall as the U.S. Bureau of Labor Statistics reported that non-farm payroll employment rose by 339,000 in May.
MSG Entertainment shares were up more than 19% this week, while CTS Eventim and Live Nation were also among the best-performing stocks.
The radio company's shares were boosted by an announcement of a $10 million share repurchase.
