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Music Stocks Continue Their Losing Streak in Final Week of 2024
Music stocks have continued to fall in the last full week of 2024, with Universal Music Group and Warner Music Group among the week's few winners.
The 20-company Billboard Global Music Index (BGMI) fell 0.6% to 2,155.51, lowering its year-to-date gain to 40.5%. Spotify, the BGMI’s most valuable music company, dropped 0.8% to $456.48, the third consecutive week the stock has fallen. South Korea’s KOSPI composite index was unchanged after declining in three of the previous four weeks.
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