"Merchants of garbage," live music spending, rosy outlooks and more.
The Billboard Global Music Index fell 3.1% to 1,313.44, lowering its year-to-date gain to 12.5%.
HYBE, SM Entertainment, YG Entertainment and JYP Entertainment have collectively added $4.7 billion in market capitalization in 2023.
With 15 of its 21 stocks in negative territory, the Billboard Global Music Index dropped 1.9%.
The "integrated corporation" in the world's top music market is an expansion of SM and Kakao's existing partnership.
Also on the Billboard Global Music Index, Spotify's stock stayed hot with a 9.6% gain, bringing its year-to-date increase to 117.9%.
The Billboard Global Music Index dropped 3.5% with 16 of its 21 stocks in negative territory.
The Billboard Global Music Index gained 5% this week, bringing its year-to-date improvement to 14.2%.
A Korean law firm says K-pop stars Baekhyun, Chen and Xiumin are pursuing their longtime label and management company over contracts longer than 12 years.
The next step in K-pop’s growth may lie not in music itself, but in exporting K-pop’s disciplined development, production and promotion model.
