Promising Music Stocks To Consider - October 21st

Key Points

• Warner Music Group, along with NetEase and Tencent Music, are highlighted as key music stocks to watch due to their high trading volume and involvement in the booming streaming market.
• Warner Music Group operates through segments such as Recorded Music and Music Publishing, focusing on artist development, marketing, and distribution through various record labels.
• NetEase and Tencent Music also play crucial roles in the music industry, offering services ranging from music streaming to online karaoke, enhancing user engagement through personalized content.

Warner Music Group, NetEase, and Tencent Music Entertainment Group are the three Music stocks to watch today, according to MarketBeat's stock screener tool. Music stocks are shares of companies whose primary business involves creating, distributing, monetizing or supporting music—this includes record labels and music publishers, streaming platforms, concert promoters and ticketing firms, instrument and equipment makers, and music-technology companies. Investors in music stocks typically focus on factors such as catalog ownership and recurring royalty streams, streaming subscriber growth and ad revenue, live-event demand and touring cycles, and the intellectual‑property and licensing risks that affect long‑term cash flows. These companies had the highest dollar trading volume of any Music stocks within the last several days.

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

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

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