Cloud Music shares rose 10.5%, leading the Billboard Global Music Index’s 3.6% increase this week.
Produced by the Music Sustainability Alliance and focused on advancing environmentally friendly practices within the music industry, the conference happened on April 15 in L.A.
Labels, live businesses and streaming companies’ stocks are mostly living up to music’s reputation as a sturdy investment option in down times. Radio is another story.
Also this week: Sonic Unyon Records launches SUM Artist Management.
Also this week: Complex's founder returns, Big Machine hires a Universal veteran, Warner Music Nashville promotes a pair, and 5B launches its Pink Motel.
Northleaf Capital Partners and Ares Management led the deal.
Last year, more than 2,500 people participated, according to MusiCares.
Taylor Swift, Gracie Abrams, Wicked and Oasis were among the in-demand titles as Retail Track trekked to eight indie stores in NYC and L.A.
The consortium that took Believe private in 2024 will bid 15.30 euros ($17.40) per share for the remaining 3.3% of outstanding shares.
The exclusive agreement grants KreatorsNetwork access to Luminate’s CONNECT platform, aiming to bolster Korean music’s global expansion.
