{"id":818871,"date":"2025-01-11T00:11:51","date_gmt":"2025-01-11T06:11:51","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/11\/hybe-and-jyp-entertainment-shares-rise-on-j-hope-news-boy-band-launch-announcement\/"},"modified":"2025-01-11T00:11:51","modified_gmt":"2025-01-11T06:11:51","slug":"hybe-and-jyp-entertainment-shares-rise-on-j-hope-news-boy-band-launch-announcement","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/11\/hybe-and-jyp-entertainment-shares-rise-on-j-hope-news-boy-band-launch-announcement\/","title":{"rendered":"HYBE and JYP Entertainment Shares Rise on J-Hope News, Boy Band Launch\u00a0Announcement"},"content":{"rendered":"

Entertainment <\/p>\n

\n
\n
\n

The 20-company Billboard Global Music Index dropped 1.4% to 2,126.33, its fourth decline in the last five weeks.<\/p>\n<\/header><\/div>\n

\n
\n
\n
\n

\"Entertainment<\/p>\n<\/p><\/div>

\n

\t\t\t\t\tJ Hope attends the Louis Vuitton Menswear Fall-Winter 2023-2024 show as part of Paris Fashion Week on Jan. 19, 2023 in Paris.<\/span><\/p>\n

\t\t\t\t\t\t\t\t\tPascal Le Segretain\/GI for Louis Vuitton<\/cite><\/p>\n<\/figcaption><\/figure>\n<\/div>\n

\n

\n\tHYBE and JYP Entertainment were among the few music stocks to make gains this week as markets stumbled globally. HYBE, home to BTS<\/a> and its members\u2019 solo projects, rose 7.2% to 215,500 won ($146.19), its best closing price since Nov. 20, thanks to Friday\u2019s news that BTS member J-Hope<\/a> will <\/a>soon release new music<\/a> and commence a world tour starting in Seoul on Feb. 28. JYP Entertainment, which has had global success with Stray Kids<\/a> and ITZY<\/a>, rose 5.6% to 71,600 won ($48.57) after the company announced it will launch a new boy band<\/a>, Kickflip, on Jan. 20.<\/p>\n

\n\tThe 20-company Billboard Global Music Index (BGMI) slipped 1.4% to 2,126.33, marketing the fourth time in five weeks the index has lost value. Only five of the 20 stocks finished the week in positive territory. Other than HYBE and JYP Entertainment, only CTS Eventim (up 3.4%), Believe (up 3.2%) and Universal Music Group (up 1.1%) posted gains. Three stocks (Cumulus Media, Deezer and Anghami) were unchanged while 12 stocks had losing weeks.<\/p>\n

\n

\n\t\t\tTrending on Billboard\t\t<\/h3>\n<\/p><\/div>\n

\n\tMusic stocks were dragged down by numerous market forces this week. Stocks fell sharply<\/a> on Friday (Jan. 10) following healthy employment numbers that investors likely interpreted to mean the U.S. Federal Reserve would not seek to lower interest rates at its meetings in January or March. Also, data from the University of Michigan released Friday showed consumers\u2019 expectations for future inflation rose to 3.3%<\/a> from 2.8%. In the United States, the Nasdaq composite fell 2.3% to 19,161.63 and the S&P 500 dropped 1.9% to 5,827.04. In the United Kingdom, the FTSE 100 rose 0.3% to 8,248.49. China\u2019s Shanghai Composite Index dipped 1.3% to 3,168.52. South Korea was an outlier as the KOSPI composite index rose 3.0%.\u00a0<\/p>\n

\n\tWarner Music Group (WMG) shares dropped 5.4% to $29.33 after three analysts lowered their price targets ahead of WMG\u2019s quarterly earnings release on Feb. 6. Guggenheim lowered its WMG price target to $40 from $44 after taking into account an expected 1.5% foreign exchange impact on the latest quarter\u2019s revenue and a 1.7% impact on revenue for the full fiscal year ended Sept. 30, 2025. Guggenheim also dropped its recorded music licensing estimate while maintaining its recorded music subscription revenue growth forecast in the \u201chigh single-digit\u201d range. Evercore lowered WMG shares to $35 from $36. UBS lowered WMG to $41 from $43 and maintained its \u201cneutral\u201d rating.\u00a0<\/p>\n

\n\tSpotify, which announces fourth-quarter earnings on Feb. 4, fell 1.5% to $459.53. Goldman Sachs raised its Spotify price target this week to $550 from $490. Spotify shares have fallen in five of the last six weeks and are 9.3% below the all-time high of $506.47 set on Dec. 4.\u00a0<\/p>\n

\n\tMusic streaming company LiveOne had the index\u2019s biggest decline, dropping 12.4% to $1.20. Radio broadcaster iHeartMedia fell 11.7% to $1.88. SiriusXM continued its losing streak, sinking 6.8% to $20.83. SiriusXM shares fell 58.3% in 2024 and have dropped 16.4% in the last three months. K-pop company SM Entertainment sank 5.1% to 68,900 won ($46.74).<\/p>\n<\/div>\n

\n

\t
\n\t\t<\/g><\/svg>\t\t<\/span>
\n\t<\/a><\/p>\n

Daily newsletters straight to your inbox<\/p>\n


\n\tSign Up<\/a>\n<\/p>\n<\/div><\/div>\n

\n

\n

\t\tMore From Pro<\/p>\n<\/h2>\n<\/section>\n

Read More<\/a>
\n Glenn Peoples<\/p>\n","protected":false},"excerpt":{"rendered":"

The 20-company Billboard Global Music Index dropped 1.4% to 2,126.33, its fourth decline in the last five weeks. J Hope attends the Louis Vuitton Menswear Fall-Winter 2023-2024 show as part of Paris Fashion Week on Jan. 19, 2023 in Paris. Pascal Le Segretain\/GI for Louis Vuitton HYBE and JYP Entertainment were among the few music<\/p>\n","protected":false},"author":1,"featured_media":818872,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1798,702],"tags":[14293,8369],"class_list":{"0":"post-818871","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-entertainment","8":"category-shares","9":"tag-entertainment","10":"tag-shares"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/818871","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=818871"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/818871\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/818872"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=818871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=818871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=818871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}