Korean companies fared well even as the 20-company Billboard Global Music Index fell 2.9% due mainly to declines by Spotify, Warner Music Group and CTS Eventim.
With another court battle looming, will the costs to the K-pop giant ultimately outweigh future benefits?
After declaring themselves free of their contract and moving forward with a new name, the group was hit with a legal challenge from HYBE/ADOR. Now, the issue is in the court's hands.
K-pop stocks fared well in a week when most stocks on the Billboard Global Music Index, which lost 2.3%, were down amid a rough period for markets overall.
The company says operating profit will rise in 2025 with the return of superstars BTS and improved profitability from Weverse.
The project will be led by Tedder, HYBE chairman Bang Si-Hyuk and HYBE America CEO Scooter Braun.
The Café Tacvba member will debut as a solo artist under DOCEMIL Music.
HYBE’s social/commerce platform also saw a 13% increase in physical and digital merchandise transactions in 2024.
The 20-company Billboard Global Music Index dropped 1.4% to 2,126.33, its fourth decline in the last five weeks.
The platform is pointing the way forward for monetizing artists’ fan bases on social media, but there are questions about its fairness.
