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While the S&P 500 reached a new record close every day this week, music stocks had more middling performances and K-pop companies extended their losses.
HYBE, home to BTS, fell 4.3% this week as the company faces problems on multiple fronts ahead of its Aug. 6 earnings call. According to reports out of South Korea, HYBE’s headquarters in Seoul were raided on Thursday (July 24) as part of the government’s ongoing investigation into alleged stock fraud by the company’s founder and chairman, Bang Si-hyuk. On Tuesday, three HYBE employees were convicted of insider trading and given jail time.
Things were looking up for HYBE just last month. In early June, HYBE shares rose on news that six of seven BTS members had finished their military duty, marking a step in the group’s long-awaited return. But after reaching a high mark for 2025 of 316,000 KRW ($228.54) on June 24, HYBE shares have fallen 18.8%.
K-pop stocks are in the midst of a summer slump. SM Entertainment dropped 4.6% this week and has fallen 11.6% over the last five weeks. YG Entertainment is down 12.7% over the last four weeks after slipping 2.1% this week. JYP Entertainment sank 6.1% this week, but its loss over the last six weeks is a more modest 7.2%. Despite the recent downturns, the four K-pop companies have had a strong 2025, posting an average year-to-date gain of 45.0%.
The 20-company Billboard Global Music Index (BGMI) rose 0.2% to 2,988.97 for the week ended Friday (July 25), bringing its year-to-date gain to 40.7%. Only seven stocks finished the week in positive territory, while 11 stocks were in the red and 2 stocks were unchanged. Believe, which is implementing a mandatory squeeze-out to obtain the remaining 1.27% of outstanding shares that weren’t acquired during a tender offer, finished the week unchanged. Its shares ceased trading on Monday, and Believe will not publish its mid-year results.
Led by Spotify on Tuesday (July 29), a number of music companies report earnings next week. Although Spotify’s share price has been in a slump, some analysts have upped their price targets ahead of the company’s quarterly earnings announcement. This week, Deutsche Bank upped its price target to $775 from $700 and maintained its “buy” rating. Oppenheimer raised its Spotify price target to $800 and upgraded the stock to “outperform” from “market perform.”
Shares for Deezer, which reports on Wednesday (July 30), were up 5.8% to 1.27 euros ($1.49). Universal Music Group, which releases earnings on Thursday (July 31), rose 3.2% to 27.85 euros ($32.72). SiriusXM, which gained 0.1% to $23.58, also reports on Thursday.
Meanwhile, Live Nation is slated to report earnings on Aug. 6. The concert promoter’s share price increased 1.6% to $152.98 this week, marking its highest closing price since Feb. 24.
Netease Cloud Music, which had been on a hot streak over the previous eight weeks, was the biggest loser of the week after dropping 11.0% to 269.00 HKD ($34.27). Sphere Entertainment Co. also had a large decline, falling 5.6% to $43.59 as numerous reports this week highlighted a decline in tourist visits to Las Vegas.
Created with Datawrapper
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Created with Datawrapper
Tens of thousands of Deadheads descended on San Francisco’s Golden Gate Park on Friday night for the first of Dead & Company‘s three weekend shows celebrating 60 years of the Grateful Dead. The shows were consequential not just for the anniversary they commemorated, but for fans of the group, which had not performed anywhere other than Las Vegas’ Sphere since July 2023, when it concluded its final tour.
After an opening set by jamgrass phenom Billy Strings, Dead & Company – comprised of Grateful Dead founders Bobby Weir and Mickey Hart, alongside John Mayer, Oteil Burbridge, Jeff Chimenti and Jay Lane – dove into its catalog with gusto for two crowd-pleasing sets that spanned material from the Dead’s 30-year career. Highlights included guest appearances by Grahame Lesh (for “Box of Rain,” the beloved Dead song written and sung by his late father, Grateful Dead founding member Phil Lesh) and Strings (for the Dead classic “Wharf Rat”), as well as a touching encore of Bob Dylan’s “Knockin’ On Heaven’s Door” that honored the date, which would have been Grateful Dead frontman Jerry Garcia’s 83rd birthday.
Dead & Company’s setlist choices on Friday leave plenty of options on the table for fans returning on Saturday and Sunday – the band rarely, if ever, repeats a song during these sorts of runs – including classics like “Touch of Grey,” “Casey Jones” and “Truckin’.” On Saturday, Sturgill Simpson will open the show under his “Johnny Blue Skies” moniker, while on Sunday, Phish frontman Trey Anastasio will kick off the festivities.
Here’s a look at Dead & Company’s full opening-night setlist for its three-show San Francisco run celebrating 60 years of the Grateful Dead.
Eminem made a memorable cameo in Happy Gilmore 2, in which he played the role of Donald Jr. Now, Netflix has released the outtakes from his hilarious scenes, which Em posted to Instagram on Friday (Aug. 1).
In the sequel, Slim Shady pays homage to his character’s father — played by late comedian Joe Flaherty in the original film — by shouting “jackass” during Happy Gilmore’s (Adam Sandler) backswing.
Instead of handling Donald Jr. himself, Happy Gilmore instructs his kids in the flick to take care of him, disposing of him in a nearby pond. Unfortunately, Donald Jr. meets his demise while attempting to wrestle with a family of gators.
“Come on, fake a— dinosaur, you ain’t got a d—k,” Em jokes while battling the alligators in the outtakes. “Put some respect on my name, b—h! F—k you, Detroit, what? I get some Advil, I’ll be back in 20 minutes.”
Fans seemed to enjoy seeing Eminem back in the acting world. “That was awesome! Detroit what,” one person wrote in the Instagram comments. “You should get out more man, do more of this kind of stuff. Us stans need MORE!”
Another added in his comment section: “You’re naturally funny! Please release the whole 1 hour video of you in Happy Gilmore!”
Happy Gilmore 2 hit Netflix on July 25. On the The Dan Patrick Show last month, Sandler revealed how he convinced Em to be part of the sequel.
“I love Eminem. I’m friends with Eminem, but I don’t want to bother the man,” he said. “And everybody kept saying, ‘Man, Eminem would be so funny in this part.’ I was like, ‘I don’t want to ruin this guy’s time. He’s hanging out. He’s in Detroit. He’s doing his life making records.'”
Eventually, Sandler caved after agreeing that Em would be a perfect fit for the role. “Let me bug Marshall and give him a call and say, ‘Dude, I know it’s a pain in the a—, but it’s pretty funny. You mind shooting out to us for a day?’” To which Eminem obliged and the rest is history.
Watch the outtakes clip below.
Stevie Nicks has had a change of plans after suffering a recent injury, with the Fleetwood Mac frontwoman announcing Friday (Aug. 1) that her next two months of shows will be postponed as she heals.
In a note shared to her social media accounts, Nicks’ team wrote, “Due to a recent injury resulting in a fractured shoulder that will require recovery time, Stevie Nicks’ scheduled concerts in August and September will be rescheduled.”
Noting that the star will proceed with her shows in October as scheduled, the message concludes, “Stevie looks forward to seeing everyone soon and apologizes to the fans for this inconvenience.”
Fans with tickets to any of the postponed performances are encouraged to hold onto their seats, as all previously purchased tickets will be honored at their corresponding rescheduled shows. More information can be found at point of purchase.
Nicks had been slated to perform in a handful of cities across the United States and Canada across August and September, including Detroit, Toronto, Boston, Cincinnati and Brooklyn, N.Y. All of the postponed shows have already been rescheduled to new dates in late October, November and the first couple of weeks in December, as listed in the rock star’s post and on her website.
The news of Nicks’ injury comes more than three months after she first announced her solo tour in April, writing at the time that she couldn’t “wait to share these nights with you.”
The Rock & Roll Hall of Famer had also been supposed to tour with Billy Joel this year, but the Piano Man similarly had to cancel all of his 2025 and 2026 performances as he battles a condition called normal pressure hydrocephalus. In July, he provided an update on how he’s faring, telling Bill Maher, “I feel good … They keep referring to what I have as a brain disorder, so it sounds a lot worse than what I’m feeling.”
Nicks is currently working on a new album, her first in 14 years. The Grammy winner first revealed that she was getting back into the studio as she was being inducted into the Pollstar Hall of Fame.
“I call it the ghost record,” she said in her speech. “It just really kinda happened in the last couple of weeks because of, you know, the [Los Angeles] fires. I was sitting in a hotel for 92 days, and at some point during that last part of the 92 days, I said, ‘You know what? I feel like I’m on the road, but there’s no shows. I’m just sitting here by myself, because everybody else is at the house, doing all the remediations and everything, and it’s just me, sitting here.’ And I thought, ‘You need to go back to work.’ And I did.”
See Nicks’ post below.
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