{"id":863485,"date":"2025-07-19T02:11:48","date_gmt":"2025-07-19T07:11:48","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/07\/19\/chinese-streaming-stocks-still-surging-sphere-entertainment-shares-gain\/"},"modified":"2025-07-19T02:11:48","modified_gmt":"2025-07-19T07:11:48","slug":"chinese-streaming-stocks-still-surging-sphere-entertainment-shares-gain","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/07\/19\/chinese-streaming-stocks-still-surging-sphere-entertainment-shares-gain\/","title":{"rendered":"Chinese Streaming Stocks Still Surging, Sphere Entertainment Shares\u00a0Gain"},"content":{"rendered":"

Entertainment <\/p>\n

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Led by Netease Cloud Music and Tencent Music Entertainment, the 20-company Billboard Global Music Index rose 3.0% for the week ended July 18. \u00a0<\/p>\n<\/header><\/div>\n

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

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\t\t\t\t\tTencent Music Entertainment Group in Hangzhou city, Zhejiang province, China on Nov. 29, 2024.<\/span><\/p>\n

\t\t\t\t\t\t\t\t\tCFOTO\/Future Publishing via Getty Images<\/cite><\/p>\n<\/figcaption><\/figure>\n<\/div>\n

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\n\tC<\/span>hinese music streaming stocks continued their upward trajectory this week as trade tensions between Washington and Beijing showed signs of easing. Netease Cloud Music rose 12.1% to 302.40 HKD ($38.55), bringing the Chinese music streamer\u2019s July gain to an impressive 25.5% and its year-to-date improvement to 164.8%. Tencent Music Entertainment (TME), China\u2019s leading music streaming company, rose 8.3% to $21.43, valuing the company at $36.8 billion and bringing its year-to-date increase to 71.9%.\u00a0<\/p>\n

\n\tCloud Music and TME shares have both benefited from solid first-quarter results and growing consumer interest in music subscriptions. Chinese stocks in general received a boost this week after the U.S. government eased export bans and allowed the sale<\/a> of Nvidia\u2019s AI chips to China. In addition, Chinese data showed that China\u2019s gross domestic product grew 5.2% <\/a>in the second quarter despite continued trade tensions.\u00a0<\/p>\n

\n\tThe 20-company Billboard Global Music Index (BGMI) rose 3.0% to 2,982.90, breaking a two-week losing streak and improving its year-to-date gain to 40.4%. The BGMI nearly doubled the Nasdaq composite index\u2019s 1.7% increase and was well ahead of the S&P 500\u2019s 0.6% gain. In the U.K., the FTSE 100 rose 0.6%. South Korea\u2019s KOSPI composite index advanced 0.4%.\u00a0<\/p>\n

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

\n\tWarner Music Group (WMG) continued its winning streak, jumping 4.9% to $31.22 and getting a boost from Rothschild & Co Redburn\u2019s upgrade of WMG to \u201cneutral\u201d from \u201csell\u201d on Tuesday (July 15). After reaching the mid-year mark down 12.1%, WMG shares have gained 14.6% since the company\u2019s July 1 announcement<\/a> that it will save $300 million annually from layoffs and other cost-cutting measures. The company will announce earnings on Aug. 7.\u00a0<\/p>\n

\n\tMost live music stocks were in positive territory. Sphere Entertainment Co. spiked 7.6% to $46.15, the stock\u2019s highest closing price since Feb. 21 and more than $22 higher than its low point after President Trump announced reciprocal tariffs<\/a> on U.S. trading partners on April 3. Live Nation climbed 4.6% to $150.52, bringing the stock to within approximately 5% of its all-time high of $157.75. MSG Entertainment was up 2.0% to $40.25. CTS Eventim fell 1.3% to 103.90 euros ($120.82), but the German concert promoter\u2019s 27.3% year-to-date gain was the best of the peer group.\u00a0<\/p>\n

\n\tShares of Abu Dhabi-based music streamer Anghami rose 2.1% to $0.49 after the company announced<\/a> on Wednesday that it will hold an extraordinary general meeting of its shareholders to vote on a reverse stock split that will allow the stock to remain listed on the Nasdaq Capital Market exchange. The company has until Aug. 18 to achieve a minimum bid price of at least $1.00 per share for at least 10 consecutive business days.\u00a0<\/p>\n

\n\tSiriusXM shares fell 2.7% to $23.56 after Wednesday\u2019s announcement<\/a> of an affordable, ad-supported satellite radio tier, SiriusXM Play, that will cost under $7 per month. Morgan Stanley raised its price target<\/a> on SiriusXM on Wednesday (July 16) to $22 from $21 and kept its \u201cunderweight\u201d rating.<\/p>\n

\n\tWith HYBE in the news over a federal probe <\/a>into Chairman Bang Si-hyuk<\/strong>, the K-pop giant\u2019s stock fell 1.1% to 268,000 KRW ($192.98), marking it third consecutive weekly decline. At least one analyst was optimistic this week: On Thursday (July 17), Nomura increased<\/a> its price target for HYBE shares to 370,000 KRW ($266.42) from 270,000 KRW ($194.42) and maintained its \u201cbuy\u201d rating. HYBE will announce its second quarter results on Aug. 6.\u00a0<\/p>\n

\n\tSpotify shares dipped 2.0% to $695.18, the fourth consecutive weekly decline after closing at $772.60 on June 27. After reaching the mid-year mark with a 71.4% gain, Spotify has dropped 9.4% in July. The company will report earnings on July 29.\u00a0<\/p>\n

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\t\t\t\t\t\t\t\t\tBillboard<\/cite><\/p>\n<\/figcaption><\/figure>\n<\/div>\n

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\t\t\t\t\t\t\t\t\tBillboard<\/cite><\/p>\n<\/figcaption><\/figure>\n<\/div>\n

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\t\t\t\t\t\t\t\t\tBillboard<\/cite><\/p>\n<\/figcaption><\/figure>\n<\/div>\n<\/div>\n

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

Led by Netease Cloud Music and Tencent Music Entertainment, the 20-company Billboard Global Music Index rose 3.0% for the week ended July 18. \u00a0 Tencent Music Entertainment Group in Hangzhou city, Zhejiang province, China on Nov. 29, 2024. CFOTO\/Future Publishing via Getty Images Chinese music streaming stocks continued their upward trajectory this week as trade<\/p>\n","protected":false},"author":1,"featured_media":863486,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[933,1798,500],"tags":[6623,7112],"class_list":{"0":"post-863485","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-chinese","8":"category-entertainment","9":"category-streaming","10":"tag-chinese","11":"tag-streaming"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/863485","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=863485"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/863485\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/863486"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=863485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=863485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=863485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}