The Billboard Global Music Index rose 4.7% as 12 of its 21 stocks posted gains this week.
The lawsuit claims SiriusXM is bundling its streaming and satellite services as part of a scheme to “grossly underpay the royalties it owes.”
The Billboard Global Music Index rose 6.8% to 1,447.32, bringing the year-to-date gain to 23.9%.
The Billboard Global Music Index rose 2.5% this week and finished the midpoint of 2023 up 13%.
The satellite broadcaster will migrate Stitcher users to the SiriusXM app in an attempt to draw more subscribers to the service.
The channel is available for subscribers to tune-in from their cars at channel 307, and on the SXM App.
Also this week: Seeker Music acquires the catalog of Go-Go's member Charlotte Caffey, 300 Entertainment launches label JV with Remain Solid and more.
And it's probably not who you think it is.
Her Carrie's Country channel will launch in June.
Howard Stern makes a rare in-studio appearance to host his show from Miami.
