Billboard
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.
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.
Billboard
Billboard
Billboard
With his stadium-packing shows and massive hits including “Beautiful Crazy,” “When It Rains It Pours” and his rendition of Tracy Chapman’s “Fast Car,” it may seem obvious that music has been Luke Combs‘ passion his whole life.
But even as a sophomore at Appalachian University in Boone, North Carolina, Combs was already having to make tough choices when it came to following that passion.
During a recent episode of The Dog Walk With Eddie, Combs recalled that he had rushed at Kappa Alpha Order, but was quickly forced to make a decision between the fraternity and music, due to a scheduling conflict in which the frat’s “Big Brother” reveal was the same night as his a cappella group’s concert.
“On Big Brother reveal night we had a concert for the a cappella group, the same night that was gonna be at the same time,” he said, adding that he was “already kind of over” the process of pledging for a fraternity.
“Why does anyone really join a fraternity? To go to parties and meet chicks is kind of the deal, right?” Combs said. “So I tell the guys, ‘Hey, I really gotta do this concert tonight.’ Because there’s only like 12 people in the group; it’s not like there’s a thousand guys in the a cappella group. I’m like, ‘Your boy’s got solos. I can’t just not go,’ [but] they were like, ‘You’re either doing this or that.'”
When he was forced by his potential fraternity brothers to choose, it seems his decision was quickly made.
“I was like, ‘Well, I’m doing that, dude. I’m out,’” Combs said. Reflecting on it, he said, “It was tough, but I made the right choice. … I ended up here … but I would have loved to do both. … There was no wiggle room.”
Though he added in the interview that he held “no hard feelings” after having made the decision, he noted, “I was just like, ‘I kind of already sing and I’m already kinda good at that. All I’m doing with you guys is paying to be your friend, which I already have a lot of friends anyways.’ It just didn’t line up.”
Of course, pursuing music has paid off for Combs. He just released his new song “Back in the Saddle,” and has had three top 10 hits on the all-genre Billboard Hot 100 (so far). Four of his albums have reached the pinnacle of the Top Country Albums chart, while he’s garnered 18 No. 1 Country Airplay hits. After spearheading his Growin’ Up and Gettin’ Old Tour, Combs is playing shows in 2025 including Austin City Limits Music Festival in Austin, and his own Bootleggers Bonfire event, slated for October.
Teyana Taylor revealed on Wednesday (Aug. 6) that she’ll be undergoing emergency surgery after a noncancerous growth was discovered on her vocal cords.
The rapper-actress shared the health update to her Instagram Story, but promised that while she’ll need to cancel some upcoming appearances, like an upcoming podcast with Michelle Obama, her Escape Room album rollout is going to continue with the project scheduled to arrive on Aug. 22.
“I’ve been quietly dealing with some vocal challenges for a while now. And after a lot of back and forth with my doctors, I’ve been told I need vocal surgery immediately,” she wrote. “They found a noncancerous growth on one of my cords that’s been messing with my voice and causing real discomfort. Thankfully, we caught it & it’s treatable—but it does mean I need to pause and give myself time to fully heal.”
The 34-year-old continued: “That honestly breaks my heart. I don’t take lightly what it means to show up for y’all. I’ve poured so much of myself into this next chapter—especially the Escape Room, which is still dropping August 22! So no worries there. It’s the most personal body of work I’ve ever created. and the timing… it’s not lost on me. Just as I was getting ready to finally share this with you, life handed me my own unexpected ‘escape room’—one I didn’t ask for, but one I now have to find my way out of with patience, rest, and faith.”
Even amid the health battle, Taylor says she put her “whole heart into this music, this film, this rollout. And when I return, it’ll be with even more fire, more purpose, and the best version of me. Thank you for rocking with me through it all.”
Escape Room is set to boast 22 tracks, including her previously released “Bed of Roses” and “Long Time” singles and skits from Issa Rae and Lala Anthony.
The project serves as Spike Tee’s first LP since 2020’s The Album, which reached No. 8 on the Billboard 200 and No. 6 on Top R&B/Hip-Hop Albums.
2025 is shaping up to be another busy campaign for the Harlem native, who is starring in Paul Thomas Anderson’s One Battle After Another film alongside Leonardo DiCaprio and Sean Penn, due out later this year.
One of the most beloved bands of the early 2000s wasn’t even a real band.
When the Lindsay Lohan and Jamie Lee Curtis-starring Freaky Friday remake premiered in 2003, moviegoers were introduced to the teen garage band Pink Slip, led by Lohan’s Anna and her two besties Maddie (Christina Vidal) and Peg (Haley Hudson). Their song “Take Me Away” — originally released by Australian alt-punk band Lash in 2001 — was introduced in the film during a garage rehearsal, before Pink Slip takes the House of Blues stage for their big Wango Tango audition and Lohan and Curtis’ body-swap switch-back.
Now, Pink Slip and “Take Me Away” are back in Freakier Friday, Disney’s 23-years-in-the-making sequel that hits theaters on Friday. This time around, Lohan’s Anna is still pals with Maddie and Peg, but she’s left Pink Slip behind to focus on her life as a mom to Harper (Julia Butters) and music manager to gen Z pop superstar Ella (Maitreyi Ramakrishnan). But the band finds its way back together in the film, starting with Anna’s karaoke-fueled bachelorette party and concluding, once again, on a big Los Angeles stage, this time upgrading to The Wiltern for the musical grande finale.
Ahead of the sequel’s release, Billboard caught up with the three women behind Pink Slip — Lohan, Vidal and Hudson — as well as film producer Kristin Burr (credited with reuniting all five of the original Pink Slip bandmates for Freakier Friday) and music producer Suzy Shinn (who channeled her previous work with pop/rock heavyweights like Weezer, Panic! at the Disco, Fall Out Boy and Katy Perry into a revamped recording of “Take Me Away” and three different versions of brand-new song “Baby,” a centerpiece of the movie’s new mother-daughter storyline between Lohan and Butters).
Below, find Billboard‘s oral history of the epic Pink Slip reunion for Freakier Friday.
–Additional reporting by Lyndsey Havens
New Kid and Family Movies in 2025: Calendar of Release Dates (Updating)
The best sexting apps in 2025
Every potential TikTok buyer we know about
iOS 18.4 developer beta released — heres what you can expect
DOGE-ing toward the best Department of Defense ever
Are You an RSSMasher?
Toxic RINO Susan Collins Is a “NO” on Kash Patel, Trashes Him Ahead of Confirmation Vote
After Targeting Chuck Schumer, Acting DC US Attorney Ed Martin Expands ‘Operation Whirlwind’ to Investigate Democrat Rep. Robert Garcia for Calling for “Actual Weapons” Against Elon Musk