![]() Rising interest rates and inflation have caused investors to seek safety elsewhere and place greater importance on profitability rather than growth. ![]() To be sure, each of the 20 stocks in the Global Music Index has fallen in value in 2022. In contrast, shares of SM Entertainment, whose acts include SuperM and NCT 127, the other K-pop company in the Global Music Index, have fallen only 9.8% in 2022. ![]() That’s a new all-time low, 71.3% below the all-time high of KRW 421,500 set on Nov. 7), amid concerns that BTS members could soon face mandatory enlistment in the South Korean military, HYBE’s share closed at KRW 123,000, down 6.1%, and fell as low as KRW 121,000. HYBE shows the inherent danger in a company relying heavily on any one artist. Even though other HYBE K-pop artists, such as Tomorrow X Together and Enhypen, have performed well since the announcement, HYBE’s share price fell another 6.2% to KRW 130,000 by Oct. HYBE’s share price plummeted 24.9% on June 15 after its largest artist, BTS, announced it was going on hiatus. The South Korean company accounted for 7.7% of the Index’s year-to-date decline, but just 2.8% of its total value as of Oct. In fact, UMG’s market capitalization of $34 billion is nearly twice that of Spotify’s $17.6 billion.Īnother company to have an outsized impact on the Global Music Index’s decline in 2022 is HYBE. 5, Universal Music Group is the largest music company by market capitalization and the Global Music Index’s largest component. Now, with Spotify’s shares down 60.9% through Oct. It used to be the world’s most valuable music company. The streaming giant accounted for 36% of the Global Music Index’s year-to-date value decline, despite accounting for just 18.3% of the index’s value. One company, Spotify - one of the largest companies in the index - represents a sizable chunk of that decline. Ana Perez of City National Bank Offers 5 Finance Tips for Artists on 'Latin Hitmaker' Podcast
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