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Promising Music Stocks To Consider - October 24th

Tencent Music Entertainment Group logo with Consumer Discretionary background

Key Points

  • MarketBeat highlights seven music stocks to watch, including Tencent Music, NetEase, and Warner Music Group, which are sensitive to consumer tastes and revenue cycles.
  • Tencent Music dominates the music streaming space in China with platforms like QQ Music and Kugou Music, while Dolby Laboratories innovates in audio technologies for various media applications.
  • Investors find potential in these music stocks, which offer exposure to multiple revenue sources such as streaming income, live events, and merchandise sales.
  • Interested in Tencent Music Entertainment Group? Here are five stocks we like better.

Tencent Music Entertainment Group, NetEase, Dolby Laboratories, Warner Music Group, Madison Square Garden Entertainment, LiveOne, and Zeta Network Group are the seven Music stocks to watch today, according to MarketBeat's stock screener tool. "Music stocks" are shares of publicly traded companies whose core businesses revolve around creating, distributing, monetizing, or supporting music — for example record labels, streaming platforms, music publishers and rights managers, concert promoters, and instrument or equipment manufacturers. For investors, they offer exposure to revenue sources such as streaming and download income, royalties and licensing fees, live-event and merchandise sales, and catalog value. These stocks can be attractive for growth or income but tend to be sensitive to consumer tastes, hit-driven revenue cycles, catalog longevity, and changes in licensing or royalty rules. 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

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

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

Madison Square Garden Entertainment (MSGE)

Read Our Latest Research Report on MSGE

LiveOne (LVO)

LiveOne, Inc., a digital media company, engages in the acquisition, distribution, and monetization of live music, Internet radio, podcasting/vodcasting, and music-related streaming and video content. It operates LiveXLive, a live music streaming platform; PodcastOne, a podcasting platform; and Slacker, an integrated membership and advertising streaming music service, as well as produces original music-related content.

Read Our Latest Research Report on LVO

Zeta Network Group (ZNB)

Color Star Technology Co., Ltd., an entertainment and education company, provides online entertainment performances and music education services in the United States and China. The company operates Color World, an online platform of curriculum that includes music, sports, animation, painting and calligraphy, film and television, life skills, etc.

Read Our Latest Research Report on ZNB

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