Music
K-pop agencies mostly struggled in third quarter — but 2025 may bring financial recovery
JYP Entertainment’s boy group Stray Kids attends the 2024 SBS Music Awards Summer in Seoul. The group’s activities has given its parent company a “dramatic rebound to profitability” The Chosunilbo Jns | Imazins | Getty Images K-pop businesses mostly continued to struggle in the third quarter of the year, with three of South Korea’s four […]
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Spotify shares pop on better-than-expected profit forecast
The Spotify logo is displayed on a screen on the floor of the New York Stock Exchange on Dec. 4, 2023. Brendan Mcdermid | Reuters Spotify shares rose in extended trading Tuesday after the Swedish music streaming company issued a profit forecast for the fourth quarter that topped estimates. Here’s how the company did, compared […]
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Quincy Jones, musical maestro and entertainment industry titan, dies at 91
Quincy Jones Kevin Mazur | WireImage | Getty Images Quincy Jones, a maestro of American music and a titan of the entertainment industry who influenced nearly every popular genre, produced landmark albums and earned a record 80 Grammy Award nominations, died Sunday, his publicist said. He was 91. Jones “passed away peacefully” Sunday night at his […]
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Levi’s teases Beyoncé collaboration as denim trend takes hold
Beyoncé at the 2024 iHeartRadio Music Awards held at the Dolby Theatre in Los Angeles on April 1, 2024. Michael Buckner | Billboard | Getty Images Levi Strauss summoned the Beyhive on Monday after teasing a potential collaboration with Beyoncé in a post on Instagram. The brand’s shares briefly popped after the update and were […]
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One of London’s most popular arts attractions is crumbling and needs a $200 million fix
The exterior of the Hayward Gallery, part of the Southbank Centre. The brutalist-style building was designed by a team led by Norman Engleback in the late 1960s. Universal Images Group | Getty Images LONDON — From Michelle Obama to Anish Kapoor and Tracey Emin to Nina Simone, London’s Southbank Centre has featured them all, and […]
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Sean ‘Diddy’ Combs faces racketeering and sex trafficking charges. Read the indictment
Sean “Diddy” Combs attends the REVOLT X AT&T 3-Day Summit In Los Angeles – Day 1 at Magic Box on October 25, 2019 in Los Angeles, California. Phillip Faraone | Getty Images Sean “Diddy” Combs used his fame as one of the biggest names in hip-hop to coerce women into engaging in demeaning sex acts […]
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Rapper Ye is set to perform a controversial show in China this week — and many are wondering why
A Chinese official dropped a bombshell in a news briefing usually reserved for major policy announcements: Ye, formerly known as Kanye West, was set to hold a “listening party” for his new “Vultures” studio album on the Chinese island of Hainan on Sept. 15. To 33-year-old Ziteng Du, a Shanghai-based office worker, and many other […]
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K-pop is more popular than ever, but that isn’t helping agency stock prices
BTS during an interview with host Jimmy Fallon on September 25, 2018. NBC | NBCUniversal | Getty Images South Korean pop stars are smashing records, performing at premier music festivals in the West and topping charts — but that stratospheric success is not mirrored in the stock performance of their management agencies. South Korea’s “Big […]
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Hybe, K-pop’s largest agency, gains $282 million in market cap after sublabel CEO steps down
SEOUL, SOUTH KOREA – 2024/04/23: People walk past the Hybe Building in Seoul. Sopa Images | Lightrocket | Getty Images Shares of Kospi-listed Hybe popped as much as 4.97% on Wednesday after Min Hee-jin, the former CEO of sublabel ADOR, stepped down on Tuesday after market hours. This represented a gain of about 376.02 billion […]
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Judge orders ‘Pharma Bro’ Martin Shkreli to surrender all copies of rare Wu-Tang Clan album
Martin Shkreli, former chief executive officer of Turing Pharmaceuticals AG, exits court in New York, US, on Wednesday, Oct. 4, 2023. Yuki Iwamura | Bloomberg | Getty Images A New York federal judge on Monday ordered notorious “pharma bro” Martin Shkreli to surrender any copy he retains of a rare Wu-Tang Clan album, “Once Upon […]
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