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Live Nation Shares Surge, Spotify Stock Reaches Another New High

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As demand for concerts appears strong heading into the busy summer months, Live Nation led nearly all music stocks this week by jumping 7.7% to $148.87. On Friday (June 20), the concert gian surpassed $150 per share for the first time since Feb. 25, and its intraday high of $150.81 was roughly $7 below its all-time high of $157.49 set on Feb. 24.  Earlier in the week, Goldman Sachs increased its price target on the stock to $162 from $157, implying Live Nation shares have an 8.8% upside from Friday’s closing price.

The 20-company Billboard Global Music Index (BGMI), which tracks the value of public music companies, finished the week ended June 20 down 2.4% to 2,853.13, its second consecutive weekly decline after nine straight gains. Despite large single-digit gains by Live Nation, MSG Entertainment and SM Entertainment, the index was pulled down due to losses by its two largest components: Spotify and Universal Music Group (UMG). The week’s decline lowered the BGMI’s year-to-date gain to 34.3%, though it’s still well ahead of the Nasdaq (down 0.9%) and the S&P 500 (up 0.4%) on that metric. 

Live Nation Revenue Down in Q1, But Metrics Point to a Strong 2025

05/01/2025

Markets sagged in the latter half of the week as investors expressed concerns about tensions in the Middle East and the potential impacts on global oil supplies and gas prices. The tech-heavy Nasdaq finished the week up 0.2% to 19,447.41 while the S&P 500 fell 0.2% to 5,976.97. In the U.K., the FTSE 100 dropped 0.9% to 8,774.65. South Korea’s KOSPI composite index jumped 4.4% and China’s SSE Composite Index dipped 0.5%. 

New York-based live entertainment company MSG Entertainment rose 5.6% to $38.44, bringing its year-to-date gain to 7.1%. Elsewhere, SM Entertainment stock saw a 4.5% improvement, taking its 2025 gain to 90.4% — the best amongst music stocks save for Netease Cloud Music, which has seen a 111.2% year-to-date gain.

With streaming stocks posting the biggest gains of the year, Spotify shares reached a record high of $728.80 on Wednesday (June 18) but stumbled over the next two days and finished the week down 0.5% to $707.42. That decline took Spotify’s year-to-date gain down to 51.6%. 

UMG shares fell 4.2% to 26.73 euros, marking its largest one-week decline since falling 9.2% in the week ended April 4. At the same time, Bernstein restarted coverage of UMG shares this week. Analysts believe it’s a “best in class” music company, which “implies predictability, a capital allocation framework consistent with industry trends, and steady operating leverage,” analysts wrote. Bernstein set a 33 euro ($38.03) price target, implying 23% upside over Friday’s closing price. 

Shares of music streaming company LiveOne fell 6.5% on Friday and finished the week down 10.0% after the company released earnings results for its fiscal fourth quarter and year ended March 31. Fiscal fourth-quarter revenue fell 37.6% to $19.3 million due primarily to a decrease in Slacker revenue. For the full year, revenue slipped 3.4% to $114.4 million and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) fell 18.7% to $8.9 million. 

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No ‘Good’ Deed Goes Unpunished for Ariana Grande’s Glinda in Final ‘Wicked: For Good’ Trailer

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In the final trailer for Wicked: For Good, Ariana Grande‘s character learns that a big price comes with being Glinda the Good.

‘Wicked: For Good’ Soundtrack Release Date & Tracklist Revealed, Featuring 2 Brand New Songs

Ariana Grande and Cynthia Erivo in "Wicked"

Everything We Know About ‘Wicked: For Good’ (So Far)

Ariana Grande at the MTV Video Music Awards 2025 held at UBS Arena on September 07, 2025 in New York, New York.

‘Wicked: For Good’ Director Jon M. Chu Previews Two New Songs From Anticipated Sequel: ‘They’re Questioning, ‘What Is Home?’

Released on Wednesday (Sept. 24) — about two months before the Wicked sequel finally premieres in theaters on Nov. 21 — the preview shows how the blonde leading lady wrestles with her new role as Oz’s spokeswoman, as Cynthia Erivo‘s Elphaba attempts to expose the Wizard’s evil agenda while living in hiding. At first, Glinda is “obsess-ulated” with the gorgeous gown, tiara and mechanical flying bubble her public-facing life affords her — but everything quickly comes crashing down when she realizes that she’s on the wrong side of history, and that she just might be too late to save her former schoolmate from the wrath of Oz’s brainwashed citizens.

“I’m a public figure now, people expect me to …,” Glinda tells Elphaba at one point, with Dorothy’s fallen house and the Yellow Brick Road visible in the background.

“Lie?” the green-skinned witch cuts in, to which Glinda says defensively, “Be encouraging.”

Grande’s character is less sure of herself when she is confronted by Jonathan Bailey’s Fiyero, who accuses, “You can’t resist this.”

“Who could?” Glinda asks, to which the Winkie prince replies, “You know who could.”

Arriving one year after the first Wicked hit theaters and shattered movie-musical box-office records, For Good will serve as the film adaptation of the second act of the Broadway musical on which the live-actions are based. The soundtrack will also drop on Nov. 21, complete with two brand new songs sung by Grande and Erivo.

As revealed when the tracklist dropped a week prior to the new trailer, the title of Glinda’s bonus song is “The Girl in the Bubble,” while Elphaba’s added balled is called “No Place Like Home.”

Watch the final trailer for Wicked: For Good above.


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Priscilla Presley Says That Leaving Elvis Presley Was ‘The Only Way to Survive’ in New Memoir ‘Softly, As I Leave You: Life After Elvis’

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Priscilla Presley was with Elvis Presley for around 14 years before they split; however, the pair had known each other for years before they wed in 1967.

The time in between and following Priscilla and Elvis’ divorce was a tough spot for Priscilla, and one she wasn’t super open about — that is, until now. In her new memoir Softly, As I Leave You: Life After Elvis, the actress shares the difficult but inspiring journey beyond the walls of Graceland post-split with the King, choosing to put herself and her daughter, Lisa Marie Presley, first.

A hardcover version of the book is now on sale and can be purchased now on Amazon for $22.38, while paperback will run you $32. A Kindle version retails for $15.99. If you’re a superfan of Priscilla and the Presley family, you can also snag a signed version of the memoir via Barnes & Noble for $32. The piece makes a great gift for the avid Elvis collector in your life. If you’d rather listen to the memoir, we won’t judge, you can do so with Audible via a subscription which costs $7.95 a month, a price tag less than a physical copy.

Softly, As I Leave You: Life After Elvis

Buy Now on amazon $22.38 $22.38
Buy Now at Barnes & noble $32 $32
Buy Now on audible $7.95 a month $7.95 a month

A new memoir by Priscilla Presley.


If you didn’t know, Priscilla met Elvis when she was just 14 and he was 24. The singer was serving in the U.S. Army in 1959 in Germany. The pair remained romantically connected for years, even with distance between them and in 1967, they were wed in a simple and very secret ceremony in Las Vegas. While their separation in 1973 was painful for Priscilla, this novel highlights why it was so important for the Naked Gun star to leave.

It seems that Priscilla lost touch with herself throughout her relationship with Elvis. Leaving allowed her to find herself again. Through the book, we are treated to snippets of Priscilla’s life pre- and post-Elvis and how she had to reinvent herself a second time as the single mother after the performer’s death in 1977.

Today, we are taken through how Priscilla was able to transform Graceland into an international destination and helped guide the development of Elvis Presley Enterprises, turning the King’s legacy into a full-on business. If you are an Elvis fan, this gives readers a unique perspective on his life, as told by his ex-wife. It also gives Priscilla’s story more context for those who aren’t too familiar with her life and career.

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Calvin Harris’ Ex-Business Manager Denies $22M Fraud Claims: ‘Categorically False’

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Calvin Harris‘ former longtime business manager is firing back against bombshell fraud claims, saying he never stole from anybody and that the Scottish DJ willingly agreed to invest in his Los Angeles real estate development project.

Thomas St. John, an entertainment industry-focused accountant who runs the eponymous firm Thomas St. John Group, is currently wrapped up in thorny arbitration proceedings with his former client Harris (Adam Wiles). He’s accused of abusing his access to Harris’ accounts in order to fund his side venture: the construction of a recording studio and office space complex in Hollywood.

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Harris claims that St. John tricked him into investing $22.5 million in the project, known as CMNTY Culture Campus, which he says turned out to be a “complete boondoggle” that he “has not received a single penny in return for” — while suggesting that St. John pocketed much of the money for himself.

However, a representative for St. John says in a new statement that the allegations are “categorically false.” The rep denies that St. John engaged in any self-dealing, adding that Harris is one of nine above-board investors who “knowingly signed investment agreements” to get involved in CMNTY Culture.

“Not a single dollar has been misappropriated, all investor entitlements remain intact, and the project continues to advance within the normal entitlement timeline,” says St. John’s rep in the Tuesday (Sept. 23) statement. “We will continue to take every necessary step to set the record straight and to ensure that these malicious, bad-faith attacks are recognized for what they are: entirely without merit.”

While CMNTY Culture was initially designed to house a recording studio and office space, St. John has since shifted the plans and is now developing a residential apartment complex on the same tract of land in Hollywood. According to his rep, the project is proceeding apace and “is expected to approach a $1 billion valuation” upon completion.

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“While the entitlement process has naturally taken longer than initially projected due to unprecedented interest, macroeconomic conditions and significant city red tape, it remains firmly within its promised schedule and is now on the verge of securing final entitlements, an important milestone that will unlock substantial value,” adds St. John’s rep.

Thomas St. John Group has offices in Los Angeles, London, Amsterdam and Stockholm. The management firm’s U.S. arm recently filed for bankruptcy, citing hundreds of thousands of dollars in unpaid rent in L.A. and multiple pending legal actions.

One creditor listed in the firm’s bankruptcy papers is Philip Lawrence, a songwriter and producer who made his name collaborating with Bruno Mars. Lawrence used to be a client of St. John’s and at one point invested $10 million from the sale of his catalog into CMNTY Culture Campus, according to court filings in Lawrence’s own personal bankruptcy case.

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