The Billboard Global Music Index rose 4.1% to a record 1,873.87, bringing its year-to-date gain to 22.2%.
Also this week: Tunespotter acquires What-song.com, Warner Music Brazil partners with Sua Música Group and more.
The executive — younger brother of the company’s founder and former CEO, Yang Hyun-sun — previously shared co-CEO duties with Hwang Bo-kyung.
The Billboard 200 chart-toppers remain partnered with YG for group activities.
Stock in the K-pop agency soared on the news.
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.
Share prices for HYBE, SM Entertainment, YG Entertainment and JYP Entertainment have increased by an average of 75% year to date.
