Billboard
Entertainment
HYBE, JYP Entertainment Shares Eke Out Small Gains as Most Music Stocks Get Pummeled
Music stocks fell sharply this week amidst concerns about the ongoing U.S federal government shutdown, as President Trump’s latest threat to levy “massive” tariffs on goods produced in China dragged down markets on Friday (Oct. 10).
Only three stocks — Spotify, JYP Entertainment and HYBE — in the 19-company Billboard Global Music Index (BGMI) finished the week ended Oct. 10 with gains. Dragged down by numerous losses near or greater than 10%, the BGMI fell 1.9% to 2,899.73, its third consecutive weekly decline.
Music stocks fared better than major U.S. indexes, though. The Nasdaq dropped 2.5% and the S&P 500 fell 2.4%. However, foreign exchanges that are less exposed to the U.S. trade war with China were better off. The U.K.’s FTSE 100 rose 0.7% to 9,427.47. South Korea’s KOSPI composite index jumped 1.7% to 3,610.60, and China’s Shanghai Composite Index improved 0.4% to 3,897.03.
Just as the KOSPI outperformed other indexes, K-pop companies were the best-performing music stocks of the week. JYP Entertainment’s 2.2% gain made it the week’s best performer. Fellow K-pop company HYBE was close behind with a 1.9% increase. SM Entertainment posted only a slight loss of 0.6%.
Streaming services performed relatively well as a group. Spotify eked out a 0.7% gain, raising its year-to-date increase to 46.9%. Deezer managed a modest 0.9% decline to 1.16 euros ($1.35) while Netease Cloud Music fell just 1.2% to 253.00 HKD ($32.51). Tencent Music Entertainment dropped 2.0% to $22.44.
SiriusXM was the week’s biggest loser, falling 10.1% to $20.93. The loss turned a slight year-to-date gain into a 6.4% loss in 2025. The next-worst decline came from iHeartMedia, which fell 9.8% to $2.59 after numerous news outlets reported layoffs at iHeart radio stations around the country.
Live Nation dipped 2.1% to $152.96, lowering its year-to-date gain to 18.1%. Earlier in the week, Wolfe Research increased its price target to $180 from $177 and maintained its “outperform” rating on Live Nation shares. After finishing the week ended Sept. 12 at $173.73, Live Nation shares have fallen for four consecutive weeks and lost 12.0% of their value. Some of that decline could be attributed to the Federal Trade Commission lawsuit filed on Sept. 18, but other live music stocks have dropped, too.
Sphere Entertainment Co. had a rare losing week, falling 6.3% to $58.98. Earlier in the week, BTIG initiated coverage of Sphere Entertainment Co. with a “neutral” rating. Sphere shares are up 38.9% year to date and have jumped 47.9% in the last eight weeks. Sister company MSG Entertainment was the week’s third-worst performer, falling 8.4% to $41.77.
German concert promoter and ticketing company CTS Eventim dropped 4.7% to 79.25 euros ($92.10). The company’s recent downturn has mirrored that of Live Nation. After four consecutive losing weeks, CTS Eventim’s stock price has fallen 8.8%.
Outside of K-pop, multi-sector companies — recorded music, publishing, merchandise and more — had an unusually poor week. Universal Music Group (UMG) fell 7.2% to 23.16 euros ($26.92). Warner Music Group dropped 5.3% to $32.08. Reservoir Media was down 2.3% to $7.60.
Only a few companies have announced the dates for their third-quarter earnings releases. SiriusXM and UMG will be first out of the gate on Oct. 30, followed by Spotify on Nov. 4.
Billboard
Billboard

Entertainment
‘KPop Demon Hunters’ Smash ‘Golden’ Notches 10th Week as U.K. No. 1 Single
It’s another “Golden” week for KPop Demon Hunters as the breakout song reaches a whopping 10th week at No. 1 on the U.K. Official Singles Chart dated Nov. 7.
The song, taken from the Netflix smash film, is credited to the animated group HUNTR/X and sung by EJAE, Audrey Nuna and Rei Ami. Earlier this week it was reported that Netflix is targeting 2029 as a release date for a highly anticipated sequel to the animated flick.
“Golden” has now appeared at No. 1 on the U.K. Official Singles Chart for 10 non-consecutive weeks, and is the longest-running No. 1 single for an animated act of all time. The Archies’ “Sugar Sugar” ruled on the U.K. Singles Chart for eight weeks back in 1969, while “We Don’t Talk About Bruno” from Disney’s 2022’s Encanto achieved seven weeks.
The song is also closing in on Alex Warren’s “Ordinary”, which has spent a whopping 13 weeks at No. 1 throughout 2025.
Taylor Swift’s “The Fate of Ophelia” is a non-mover and ends the week at No. 2. It has already notched three weeks at the summit to give her longest-running No. 1 single since 2022’s “Anti-Hero”. The LP’s other breakout song, “Opalite”, stays strong at No. 4.
Joining them in the top five is RAYE‘s “Where Is My Husband!” which holds its position at No. 3. Olivia Dean’s “Man I Need” lifts one place to No. 5, and is at the same spot on the Billboard Hot 100 this week, a career best.
As Lily Allen’s West End Girl moves up to No. 2 on the U.K. Albums Chart, the LP’s breakout song “Pussy Palace” heads into the top 10, finishing at No. 8. Two more tracks from the record, “West End Girl” (No. 15) and “Madeline” (No. 16), also achieve new peaks.
Entertainment
Friday Dance Music Guide: The Week’s Best New Tracks From Charlotte de Witte, Illenium, Romy & More
This week in dance music: Bunt.’s manager Nick Groff talked about using emerging technology to turn phones back on fans during shows during Billboard’s Live Music Summit in Los Angeles on Monday, Nov. 3.
Diplo reflected on his ex Katy Perry and her new boyfriend, the former prime minister of Canada Justin Trudeau. Demo Lovato’s new dance album It’s Not That Deep bumped Tame Impala’s Deadbeat out of the number one spot on Top Dance/Electronic albums and the co-writer of Deadbeat’s star single “Dracula” Sarah Aarons told us about the production process and the procrastination that brought the song to life.
“It was like, ‘Cool, this mix is due in 45 minutes,'” Aarons recalled of finishing “Dracula.” “When you know you have a deadline, your brain just goes, ‘This is the right thing.’ [Kevin Parker] called me and he went, ‘What about this melody?’ And I was like, ‘Yeah! How did we not do that melody already? It totally fits the song.’ We’d written lyrics so many times, we already had so many lyrics floating around our brains. We had so much of what we knew the song was that it kind of clicked.”
Meanwhile, Fred again.. continued his 10 shows/10 songs/10 weeks run in Dublin (and in fact released three songs this week), we celebrated the 20 year anniversary of Madonna’s disco-laced Confessions On a Dancefloor and Calvin Harris announced a 2026 Las Vegas residency at Wynn Nightlife, the property where the Scottish producer had his first ever Vegas residency back in 2011.
The Avicii Estate and Pophouse released the first of a three-part documentary series about the making of the late artist’s 2015 album Stories and Above & Beyond released their own documentary about the making of their July album Bigger Than All of Us. Plus, Grammy season kicked off with the nominations announced today, with Skrillex, PinkPantheress and Fred again.. leading the dance/electronic fields with two noms each.
Is there more? You bet there’s more. These are the best new dance tracks of the week.
Entertainment
Anuel AA & Blessd’s ‘Pórtate Bonito’ Skyrockets to No. 1 on Latin Airplay Chart
Anuel AA returns to the No. 1 spot on Billboard’s Latin Airplay chart with “Pórtate Bonito,” his first team-up with Blessd. The track flies 9-1 on the Nov. 8-dated list, Anuel’s first champ in over three years.
Released August 21 on Real Hasta La Muerte, “Pórtate Bonito” was initially announced on Anuel’s Instagram account on August 6, alongside news that Blessd would join him on his RHLM 2 tour.
The collab, produced by Ovy on The Drums, surges 9-1 in its seventh week on the chart with the Greatest Gainer weekly honors, after a 32% boost in audience impressions, to 7.6 million, logged during the Oct. 24-30 tracking week, as reported by Luminate.
The new win marks Anuel’s first No. 1 in over three years, since “Ley Seca,” with Jhayco, ruled for one week in February 2022. In sum, he’s placed 11 rulers, here’s a recap of those since “Ella Quiere Beber,” with Romeo Santos, in 2019:
Title, Artist, Peak, Weeks at No. 1
“Ella Quiere Beber,” with Santos, Feb. 2, 2019, one
“Secreto,” with Karol G, May 4, 2019, one
“Baila Baila Baila,” with Ozuna, Daddy Yankee, J Balvin & Farruko, May 11, 2019, one
“Otro Trago,” with Sech, Darell, Nicky Jam, & Ozuna, Aug. 31, 2019, one
“China,” with Daddy Yankee, Karol G, Ozuna & J Balvin, Sept. 21, 2019, two
“Aventura,” with Lunay & Ozuna, Nov. 9, 2019, one
“Keii,” May 2, 2020, one
“Fútbol & Rumba,” with Enrique Iglesias, Aug. 8, 2020, one
“Location,” with Karol G & J Balvin, April 10, 2021, one
“Ley Seca,” with Jhay Cortez, Feb. 5, 2022, one
“Pórtate Bonito”” with Blessd, Nov. 8, 2025, one
Colombian star Blessd adds his third No. 1 on the overall Latin radio ranking. “Medallo,” with Justin Quiles and Lenny Tavarez, and “Si Sabe Ferxxo,” with Feid, each led for one week in 2022 and 2024, respectively.
Beyond its Latin Airplay coronation, “Pórtate Bonito” ascends 3-1 on the Latin Rhythm Airplay chart. Plus, it gains traction on the Hot Latin Rhythm Songs chart, where it narrowly misses the top 10 with an 18-11 leap.
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