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Music Companies Are Running Into Wall Street’s High Expectations
UMG and other music company stocks are down in 2024, but why? They're running into Wall Street's high expectations and fallen short on some metrics.
Rather, Reservoir was riding high a year earlier from the reissue of De La Soul ’s catalog, which it picked up in the 2021 acquisition of Tommy Boy Music. While these South Korean companies are riding the genre’s success to aggressively expand globally through partnerships, joint ventures and acquisitions, they’re showing signs of growing pains. JYP Entertainment, for example, was missing its most popular artists from its second-quarter album release schedule — a problem for a K-pop label dependent on fans’ tendency to buy CDs.
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