Global Music Market Performance Update: Fourth Consecutive Decline in Final Week of 2024

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Music Stocks Continue Their Losing Streak in Final Week of 2024

Despite a brief respite in mid-December, music stocks have continued their losing streak in the final week of 2024. The Billboard Global Music Index, which tracks the performance of publicly traded music companies, revealed that the index ended the year with a decline.

This marks the fourth consecutive period of decline for the index, following a significant drop in November and December. While some investors may have hoped for a turnaround to end the year, it appears that sentiment has not shifted enough to alter the trajectory of these stocks.

As we head into 2025, investors will be watching closely to see if this trend continues or if there are any fundamental shifts that could turn things around.

Source: http://www.billboard.com