The Billboard Global Music Index rose 4.1% to a record 1,873.87, bringing its year-to-date gain to 22.2%.
New recordings under the banner will be distributed by Universal Music Latino.
Also this week: Warner Music South East Europe launches a dance label with Ensis Records, Notes Live teams with El Paso for a new amphitheater and more.
Under the deal, Live Nation will produce shows for all JYP artists, including TWICE, ITZY, Xdinary Heroes and NMIXX.
The Billboard Global Music Index fell 3.1% to 1,313.44, lowering its year-to-date gain to 12.5%.
The Billboard Global Music Index dropped 3.5% with 16 of its 21 stocks in negative territory.
Acts like NMIXX, Xdinary Heroes and more will now fall under the strategic label deal, which has already produced two No. 1 albums on the Billboard 200.
Share prices for HYBE, SM Entertainment, YG Entertainment and JYP Entertainment have increased by an average of 75% year to date.
