{"id":5320,"date":"2025-09-20T00:08:23","date_gmt":"2025-09-20T00:08:23","guid":{"rendered":"https:\/\/musictechohio.online\/site\/live-nation-stock-falls-ftc-lawsuit-sphere-oz-bump\/"},"modified":"2025-09-20T00:08:23","modified_gmt":"2025-09-20T00:08:23","slug":"live-nation-stock-falls-ftc-lawsuit-sphere-oz-bump","status":"publish","type":"post","link":"https:\/\/musictechohio.online\/site\/live-nation-stock-falls-ftc-lawsuit-sphere-oz-bump\/","title":{"rendered":"Live Nation Shares Fall 6% on FTC Lawsuit, Sphere Gains for Fifth Straight Week as \u2018Oz\u2019 Soars"},"content":{"rendered":"
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\n\tAs U.S. stocks soared following a U.S. Federal Reserve interest rate cut, Live Nation shares fell in the wake of a lawsuit from the Federal Trade Commission<\/a> (FTC) over what the agency called \u201cyears of systemic unfair and deceptive practices.\u201d The high-flying stock dropped 5.8% to $163.72, lowering its year-to-date gain to 65.7%.<\/p>\n

\n\tLive Nation\u2019s stock dropped 2.5% after Bloomberg<\/em> reported Monday (Sept. 15) that the FTC was investigating the company. Following news of the lawsuit, the company\u2019s share price fell 2.8% on Thursday (Sept. 18) and dropped another 0.6% on Friday (Sept. 19). Separately, Rothschild & Co. Redburn downgraded<\/a> Live Nation to a \u201cneutral\u201d rating and increased its price target to $170 from $144. Redburn analysts expect margin expansion to slow from 2026.\u00a0<\/p>\n

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\t\t\t\t\tFTC Sues Live Nation, Ticketmaster for Allowing Ticket Brokers to Break Its Rules for Profit: \u2018Directly Inflates\u00a0Prices\u2019\t\t<\/p>\n<\/h3><\/div>\n

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\t\t\t\t\tSuspect Arrested in Theft of Beyonc\u00e9’s Unreleased Music\t\t<\/p>\n<\/h3><\/div>\n

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\t\t\t\t\tCoachella Lineup in September? Why the Festival Is Going on Sale So Early in 2026\t\t<\/p>\n<\/h3><\/div>\n

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\n\tA dip of such a magnitude isn\u2019t rare for Live Nation, and the stock has proven to be resilient. In 2019, Live Nation fell 7.3% after news broke<\/a> that the U.S. Department of Justice\u2019s antitrust division was scrutinizing the company, but the share price recovered in just four days. In 2021, the company\u2019s shares fell more than 22% in the weeks after 10 people died as a result of a crowd crush at the Astroworld festival in Houston, but the stock recaptured nearly all of that loss within three months and now trades 28% above pre-Astroworld levels.\u00a0<\/p>\n

\n\tMusic stocks rode the market\u2019s upswing as the 19-company Billboard Global Music Index (BGMI) gained 1.3% to 3,101.01, ending the week just off its all-time high of 3,117.20 set during the week ended June 30, 2025. Winners and losers were equally matched at nine apiece, and one company, Deezer, was unchanged.\u00a0<\/p>\n

\n\tU.S indexes finished the week at record highs following the Federal Reserve\u2019s decision on Wednesday (Sept. 17) to cut the federal funds rate<\/a>, the benchmark for short-term interest rates, by a quarter of a percentage point. The Nasdaq climbed 2.2% to a record 22,631.48, while the S&P 500 rose 1.2% to 6,664.36, also a record close. In the U.K., the FTSE 100 dropped 0.7% to 9,216.67. South Korea\u2019s KOSPI composite index rose 1.5% to 3,445.24. China\u2019s Shanghai Composite Index sank 1.3% to 3,820.09.<\/p>\n

\n\tSphere Entertainment Co. posted its fifth successive weekly gain, rising 2.4% to $59.71 and giving the company a 41.4% gain in 2025. Investors have reacted positively to the success of Sphere\u2019s AI-assisted revamped The Wizard of Oz<\/em>. As of Monday, Sphere had sold more than 500,000 tickets<\/a> for The Wizard of Oz<\/em>, generating over $65 million in sales.<\/p>\n

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\t\t\t\t\tSphere\u2019s \u2018The Wizard of Oz\u2019 Box Office: Here\u2019s How Much It\u2019s Made So\u00a0Far\t\t<\/p>\n<\/h3><\/div>\n

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\n\tMusic\u2019s greatest gainer of the week was iHeartMedia, which jumped 17.0% to $3.03 despite no major announcement or news report regarding the company. iHeartMedia shares have jumped 89.4% in the last six weeks and are up 81.4% year to date.\u00a0<\/p>\n

\n\tIn the K-pop world, SM Entertainment was up 6.8% this week, bringing its year-to-date gain to 110.7%. JYP Entertainment increased 1.6% while HYBE fell 0.9% after its chairman, Bang Si-hyuk<\/strong>, was questioned by South Korean authorities<\/a> over allegations that he deceived early HYBE investors into selling their stakes ahead of the company\u2019s IPO. Bang has denied that he provided false information to the investors.\u00a0<\/p>\n

\n\tSpotify, the BGMI\u2019s single largest component with a market capitalization of $150.4 billion, rose 5.5% to $734.92. That brought the stock back to the level reached on Aug. 15 before the price stumbled in three of the next four weeks. The stock went as high as $745.00 on Thursday, bringing Spotify within 5.1% of its all-time high of $785.00 set on June 27.\u00a0<\/p>\n

\n\tUniversal Music Group and CTS Eventim both fell 4.4%. Chinese music streamer Netease Cloud Music sank 6.7%. U.S. music streamer LiveOne was the week\u2019s biggest loser, falling 10.5% to $0.51.\u00a0<\/p>\n