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HYBE Shares Jump 18% Following ADOR’s NewJeans Court Victory

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HYBE shares soared 18.4% in the week ended Oct. 31 after a South Korean court ruled that K-pop group NewJeans may not leave HYBE imprint ADOR and make music under a different name. The five members of the girl group had attempted to break away from HYBE after the K-pop giant dismissed NewJeans’ mentor, ADOR CEO Min Hee-jin, in April 2024.

Rather than lose NewJeans — which would have created additional headaches for HYBE and other K-pop companies — ADOR will retain the group through the end of its exclusive contract in 2029. The fact that Min is no longer at ADOR didn’t sway the court. “Merely the fact that NewJeans personally places high trust in Min Hee-jin does not make guaranteeing her the position of ADOR’s CEO a significant obligation under the exclusive contract,” according to a report. The ruling added approximately $1.5 billion to HYBE’s market value, suggesting that investors were fearful a court loss would spill over to other acts currently under contract with HYBE. 

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Despite HYBE’s considerable gain, the 19-company Billboard Global Music Index was unchanged at 2,845.53. Music stocks were almost evenly mixed between winners and losers, and only two companies had either a gain or a loss in excess of 10%. 

Music stocks lagged behind major indexes’ gains. In the U.S., the Nasdaq composite index rose 2.2% to 23,724.96 and the S&P 500 improved 0.7% to 6,840.20. The U.K.’s FTSE 100 rose 0.7% to 9,717.25. South Korea’s KOSPI composite index jumped 4.2% to 4,107.50 on AI optimism after Samsung announced it would build a semiconductor factory in partnership with American company Nvidia. China’s Shanghai Composite Index ticked upward 0.1% to 3,954.79. 

SiriusXM shares finished the week up 1.4% to $21.69 after a see-saw end to the week. The stock gained 10.1% on Thursday (Oct. 30) after the company’s third-quarter results, but fell 6.5% on Friday (Oct. 31). The bump in share price came after SiriusXM increased its full-year forecasts for revenue, EBITDA and free cash flow. The Q3 results also showed that the satellite radio company, which also owns streaming platform Pandora, turned a net loss into a net profit. 

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Universal Music Group shares fell 2.3% to 23.27 euros ($26.99) despite gaining 1% on Friday after the company reported solid Q3 earnings following the close of trading on Thursday. Following the results, J.P. Morgan reiterated its “overweight” rating and 39.00 euros ($45.23) price target while Guggenheim maintained its “neutral” rating and eliminated its price target, which was previously 27.00 euros ($31.32). 

Spotify’s stock benefited from news that the company is raising prices in the U.K., finishing the week up 1.5% to $655.32. That modest gain helped Spotify reclaim some of the loss it suffered after the share price dropped 4.1% on Oct. 24. The Stockholm-based company will report Q3 earnings on Tuesday (Nov. 4). 

Radio giant iHeartMedia was the week’s biggest loser after dropping 12.4% to $2.97. The company’s share price has been on a roll lately, though, gaining 39.4% in 2025. iHeartMedia will release Q3 earnings on Nov. 10.

Most live music stocks lost ground. Live Nation fell 2.2% to $149.53 ahead of its earnings results on Tuesday. German promoter CTS Eventim dropped 2.9% to 77.60 euros ($90.00). MSG Entertainment dipped 3.5% to $44.16. Sphere Entertainment Co. was an exception, rising 1.7% to $68.48. 

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Drake’s ‘What Did I Miss?’ Video Copied Pic by Controversial Balenciaga Ad Photographer: Lawsuit

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A new lawsuit claims Drake’s ”What Did I Miss?” music video ripped off the work of an Italian photographer — and, in a strange twist, that the rapper was intentionally trying to connect his feud with Kendrick Lamar to a controversial Balenciaga campaign.

The copyright infringement complaint, filed against Drake (Aubrey Graham) on Wednesday (Nov. 12) in federal court, alleges a key sequence in the “What Did I Miss?” video lifts from a photograph in Gabriele Galimberti’s 2020 book The Ameriguns. Both Galimberti’s photo and the scene in question show men standing outside houses, surrounded by firearms laid out in parallel around swimming pools.

TORONTO, ON - NOVEMBER 2: Drake watches on as the Sacramento Kings play the Toronto Raptors during the second half of their basketball game at the Scotiabank Arena on November 2, 2024 in Toronto, Ontario, Canada. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and/or using this Photograph, user is consenting to the terms and conditions of the Getty Images License Agreement. (Photo by Mark Blinch/Getty Images)

Drake Files Appeal to Revive Defamation Case Over Kendrick Lamar’s ‘Not Like Us’

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Galimberti is a photographer with National Geographic, though he is perhaps best known for shooting a notorious 2022 Balenciaga campaign that portrayed children with sexually explicit objects. The campaign drew a huge backlash, with consumers accusing the fashion house and Galimberti of glorifying pedophilia.

Wednesday’s lawsuit draws a direct line between the Balenciaga controversy and “What Did I Miss?,” in which Drake addressed the aftermath of his rap battle with Lamar. That feud ended with Lamar calling Drake a “certified pedophile” on the chart-topping diss track “Not Like Us,” leading Drake to sue Universal Music Group (UMG) for defamation.

“Plaintiff was ultimately publicly vindicated in a defamation lawsuit abroad related to the false accusations arising from the Balenciaga advertisement,” writes Galimberti’s attorney. “Given Kendrick Lamar’s lyrics…calling defendant Graham a pedophile and defendant Graham’s now dismissed defamation lawsuit, on information and belief, defendant Graham sought to imply that he, like plaintiff, would be publicly exonerated.”

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Drake’s defamation lawsuit was dismissed last month, with a federal judge ruling that lyrics in rap battles are hyperbole and not meant to imply facts. Drake is now appealing to revive the case against UMG, which owns both Lamar’s label Interscope Records and his label, Republic Records.

Republic and UMG are both defendants in Galimberti’s lawsuit as well, along with Drake and his company OVO Sounds. Galimberti is seeking financial damages for what he describes as “both an egregious violation of federal law and an affront to plaintiff, his livelihood, his legacy and to photographers everywhere.”

“Plaintiff is a serious professional, addressing serious themes,” reads the complaint. “His work hangs in galleries, museums, graces serious print literature, and his career depends upon the respect and admiration of dealers, collectors and critics of contemporary and documentary art. By the forced and unauthorized association of his work with the infringing video, the integrity of his work and his reputation as a photographer has been damaged.”

Reps for Drake and UMG did not immediately return requests for comment on the lawsuit.

“What Did I Miss?” debuted at No. 2 on the Billboard Hot 100 in July, and hit No. 1 on both Hot R&B/Hip-Hop Songs and Rhythmic Airplay, extending multiple Billboard chart records for the rapper.

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Ultra Music Festival 2026 Will Feature a B2B From Alesso & Martin Garrix: See Phase 2 Lineup

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Ultra Music Festival today (Nov. 12) added more than 70 news acts for the 2025 edition with the announcement of its phase two lineup.

Joining the bill are Martin Garrix and Alesso, who will play b2b in a headlining slot, the first ever headlining performance from Argy b2b Mind Against and Ray Volpe b2b Sullivan King. DJ Snake will perform the U.S. debut of his Outlaw alias in a b2b with TYRM and Joris Voorn and Kololova will also perform b2b for the first time in the States.

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Additionally, Ultra will host stage takeovers from legendary Ibiza club Amnesia, The Martinez Brothers’ Cuttin’ Headz, Armin van Buuren’s A State of Trance, Steve Aoki’s 30 years of Dim Mak, Coone’s Dirty Workz, Sara Landry’s Hekate and Germany’s Live From Earth collective.

These additions expands the previously announced phase one lineup that includes Afrojack, Amelie Lens b2b Sara Landry, Armin van Buuren, DJ Snake, Eric Prydz, Illenium, John Summit, Hardwell, Major Lazer, Steve Aoki, Sebastian Ingrosso b2b Steve Angello, Miss Monique, Excision, ISOxo, Boys Noize, OF the Trees, Madeon and many more. See the complete lineup below.

Ultra Music Festival 2026 happens March 27-29 at its longtime home at Miami’s Bayfront Park.

The festival annually closed out Miami Music Week a week-long run of parties, showcases, meetings, mixers and more that draws many in the global electronic music industry to the city. Winter Music Conference returned to Miami Music Week in 2025 after a hiatus, with organizers announcing earlier this week that it will be back in 2026 and happen in a new location at the Kimpton EPIC Hotel in Downtown Miami from March 24–26.

2026 will mark the 36th year of the conference. The next edition is set to feature a programming track tailored for dance industry professionals and a second track for DJs, producers and content creators.

Ultra Music Festival 2025

Ultra Music Festival 2025

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As AI Artists Breaking Rust & Cain Walker Rule a Country Chart, Nashville Execs Weigh in: ‘It’s Incredibly Detrimental’

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As artificial intelligence moves further into the music space, how concerned should the country community, which has built its reputation on authenticity and a trusted connection between artists and fans, be?

One-third of the top 10 on Billboard’s Country Digital Song Sales chart dated Nov. 15 is composed of AI-assisted artists, including “Walk My Walk,” attributed to Breaking Rust, which spends its second week at No. 1; Cain Walker’s “Don’t Tread on Me” which stands at No. 3; and Walker’s “Ain’t My Problem,” which debuted at No. 9. (Walker’s “Freedom” also debuted on the 15-position chart at No. 11).

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“Walk My Walk,” which is spending its second week at No. 1, has a gospel, stomping feel, while Walker’s tunes are more dark country rock. All three share similar “stand my ground, don’t mess with me”-type lyrics with boisterous vocals.

The Distrokid-distributed songs are selling relatively small numbers: Breaking Rust’s “Walk My Walk” sold more than 2,000 copies in the U.S. for the tracking week ending Nov. 6, according to Luminate, while Walker’s “Don’t Tread on Me” sold more than 1,000 copies, and his “Ain’t My Problem” sold slightly under 1,000. By comparison, the top-selling song on Billboard‘s all-genre Digital Song Sales chart for the week ending Nov. 6, Taylor Swift’s “The Fate of Ophelia,” sold 29,000 copies. Aubierre Rivaldo Taylor is listed as the songwriter for Breaking Rust’s “Walk My Walk.” Billboard has reached out to him, but has not heard back.

“It’s a notable wake-up call but not yet an existential threat — more like a symptom of broader disruptions in how music is created, distributed and consumed,” says FEMco founder Leslie Fram. “In country, where authenticity and storytelling are core, this could erode trust if fans feel manipulated, but it’s mostly confined to sales charts so far, not airplay or streaming staples.”

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Yet. But AI has already spread to another genre’s airplay chart: Xania Monet, who signed to Hallwood Media after bidding offers reached $3 million, became the first known AI artist to earn enough radio airplay to rank on a Billboard radio chart when she debuted at No. 30 on the Adult R&B Airplay chart dated Nov. 11. Several other AI or AI-assisted acts have also debuted on Billboard charts in recent weeks, including Childpets Galore on Christian Digital Song Sales, Unbound Music and Emily Blue on Rock Digital Song Sales, and contemporary Christian artist Juno Skye on the Emerging Artists chart.

Terrestrial country radio stations have not yet added Breaking Rust or Cain Walker to their rotations, and country radio consultant Joel Raab says that’s wise. “Listeners react negatively to the idea of AI voices on their stations,” Raab says, citing research done on the question of AI use in general. “Listeners don’t like the idea of AI voices, so by association, I don’t think they’d like the music.”

Furthermore, other than playing the songs for curiosity value, “leaning on that type of programming consistently seems very shortsighted considering radio makes money off of touring advertising and other artist-driven revenue,” says F2 Entertainment Group president/CEO Fletcher Foster, who manages MORIAH and other artists.

Fram agrees. “[Country] stations prioritize ‘real’ voices tied to tours and endorsements, so Breaking Rust might need active promo (e.g., fake ‘artist’ interviews or tie-ins) to cross over,” she says. ”It’s going to be a real conversation for gatekeepers. If [the song] hooks listeners, they may want to play it — radio’s job is curation, not purity tests.”

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For real artists and their managers, though, the AI disruption could potentially make a difficult job even harder. “The artist development process has never been easy. Over the past few years, especially since COVID and the massive switch to DSPs, it has never been more challenging,” Fletcher says. “It’s incredibly detrimental to have AI-generated songs taking up precious spots on the chart because not only do they clog up the chart, but they take positions away from a well-rounded artist that can have a career generating revenue and publishing, touring, brand partnerships, etc.”

Some labels are embracing AI. Last month, Universal Music Group (UMG) announced a deal with Udio that settled UMG’s involvement in a lawsuit it had filed last year against the AI music startup, along with Sony and Warner — and paved the way for a version of Udio that would create a new commercial consumption and streaming experience that would pay participating UMG artists for lending their work to Udio’s AI model.

Cain Walker is already spreading beyond music. His website is selling merchandise, including “Don’t Tread On Me” t-shirt.

Country artist Martina McBride is among the artists who have been vocal about protecting artists and their voices. Earlier this year, she testified in support of the NO FAKES Act, bipartisan legislation that gives individuals the right to protect their voices and likenesses from being replicated by AI without their consent, both in music and in a broader context. “AI technology is amazing and can be used for so many wonderful purposes. But like all great technologies, it can also be abused,” she wrote in a guest column for Billboard published in May.

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Raab and Fram are betting on the human race over deep fakes, even though there may be challenging times looming. “Looking ahead, the realness of human music with heart and human soul will win every time,” Raab predicts.

“Casual streamers might shrug — ‘If it sounds good, who cares?’, but dedicated fans — especially in genres like country — crave the human ‘mistakes’ that add soul, per a study on what makes tracks memorable,” Fram says. “Bottom line: Fans will stream AI songs short-term, but loyalty? That’s earned through real stories, not algorithms…Over time, ‘fake’ acts risk fizzling like one-hit wonders; true superfans bet on humans who evolve with them. AI might open doors, but only flesh-and-blood keeps ’em coming back for encores.”

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