Promising Music Stocks To Add to Your Watchlist - April 4th

Key Points

• MarketBeat's screener flags five music stocks with the highest recent dollar trading volume: Tencent Music (TME), NetEase (NTES), Warner Music Group (WMG), Dolby Laboratories (DLB), and Madison Square Garden Entertainment (MSGE), which investors use to access revenue streams like streaming royalties, licensing, ticket sales, and audio/hardware sales.
• TME and NTES provide Chinese streaming and digital-entertainment exposure (QQ Music, Kugou, Kuwo, WeSing, Cloud Music), while WMG offers label/catalog-driven recorded-music revenue, DLB supplies audio and imaging technologies used across devices and services, and MSGE gives live-event and venue-based ticketing exposure.

Tencent Music Entertainment Group, NetEase, Warner Music Group, Dolby Laboratories, and Madison Square Garden Entertainment are the five Music stocks to watch today, according to MarketBeat's stock screener tool. Music stocks are shares of publicly traded companies whose primary business is creating, distributing, monetizing, or otherwise supporting music — for example record labels and publishers, streaming platforms, concert promoters, instrument and audio-equipment makers, and music-tech firms. Investors buy music stocks to gain exposure to revenue streams like streaming royalties, licensing, ticket sales and hardware/software sales, with performance driven by trends in music consumption, copyright rules, and live-event demand. These companies had the highest dollar trading volume of any Music stocks within the last several days.

Tencent Music Entertainment Group (TME)

Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover music in personalized ways; long-form audio content, including audiobooks, podcasts and talk shows, as well as music-oriented video content comprising music videos, live performances, and short videos; and WeSing, which enables users to sing along from its library of karaoke songs and share their performances in audio or video formats with friends.

Read Our Latest Research Report on TME

NetEase (NTES)

NetEase, Inc. engages in online games, music streaming, online intelligent learning services, and internet content services businesses in China and internationally . The company operates through Games and Related Value-Added Services, Youdao, Cloud Music, and Innovative Businesses and Others segments.

Read Our Latest Research Report on NTES

Warner Music Group (WMG)

Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. It operates through Recorded Music and Music Publishing segments. The Recorded Music segment is involved in the discovery and development of recording artists, as well as related marketing, promotion, distribution, sale, and licensing of music created by such recording artists; markets its music catalog through compilations and reissuances of previously released music and video titles, as well as previously unreleased materials; and conducts its operation primarily through a collection of record labels, such as Warner Records and Atlantic Records, as well as Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Spinnin' Records, Warner Classics, and Warner Music Nashville.

Read Our Latest Research Report on WMG

Dolby Laboratories (DLB)

Dolby Laboratories, Inc. creates audio and imaging technologies that transform entertainment at the cinema, DTV transmissions and devices, mobile devices, OTT video and music services, home entertainment devices, and automobiles. The company develops and licenses its audio technologies, such as AAC & HE-AAC, a digital audio codec solution used for a range of media applications; AVC, a digital video codec with high bandwidth efficiency used in various media devices; Dolby AC-4, a digital audio coding technology that delivers new audio experiences to a range of playback devices; and Dolby Atmos technology for cinema and various media devices.

Read Our Latest Research Report on DLB

Madison Square Garden Entertainment (MSGE)

Read Our Latest Research Report on MSGE

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