Music Companies Are Running Into Wall Street’s High Expectations ...Middle East

The shine on the music industry, a darling of Wall Street in recent years, appears to have lost a bit of its luster.   Record label and publisher stocks that boomed in 2023 are mostly down in 2024. Universal Music Group (UMG), riding high until two weeks ago, is down 14.0% through Thursday (Aug. 15). Warner Music Group (WMG) is off 21.0%. Reservoir Media is up 2%, although it has declined 15.0% since July 26. K-pop companies have fallen off a cliff.   Related What You Shou

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