Financial insiders say music-backed debt markets and catalogs could see more investment soon. But it depends on how long the Trump Administration spars with trading partners.
iHeartMedia, which was one of eight music stocks to drop more than 10%, fared the worst with a 26.8% decline.
U.S. consumers and the music industry are facing higher vinyl prices, less tourism, foreign artists avoiding the U.S. and possible retaliation by other countries.
Nearly all music stocks fell on Thursday (April 3), with the radio and live music sectors hit particularly hard.
Also this week: Tate McRae!
