Promising Music Stocks Worth Watching - May 8th

Key Points

• MarketBeat highlights seven music stocks to watch—Warner Music Group (WMG), NetEase (NTES), Tencent Music Entertainment (TME), Madison Square Garden Entertainment (MSGE), Dolby Laboratories (DLB), Algorhythm (RIME), and Anghami (ANGH)—selected for the highest recent dollar trading volume.
• These names offer exposure to streaming, subscriptions, licensing and live-event revenue (with a streaming-driven boost recently lifting WMG shares), but carry risks from shifting consumer tastes, technology disruption, and licensing or regulatory challenges.

Warner Music Group, NetEase, Tencent Music Entertainment Group, Madison Square Garden Entertainment, Dolby Laboratories, Algorhythm, and Anghami are the seven Music stocks to watch today, according to MarketBeat's stock screener tool. "Music stocks" are publicly traded companies whose core business revolves around creating, distributing, promoting, or monetizing recorded and live music—this includes record labels, publishers, streaming platforms, concert promoters, royalty/rights companies, and audio-equipment makers. For investors, they represent an industry/theme offering exposure to revenue from subscriptions, licensing and sync fees, ticket sales, and royalties, but are subject to changing consumer tastes, technology disruption, and licensing or regulatory risks. 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

Madison Square Garden Entertainment (MSGE)

Read Our Latest Research Report on MSGE

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

Algorhythm (RIME)

Algorhythm Holdings, Inc., together with its subsidiaries, engages in the development, marketing, and sale of consumer karaoke audio equipment, accessories, and musical recordings in North America, Australia, the United Kingdom, Europe, and internationally. It offers karaoke products under the Singing Machine brand; licensed karaoke microphone products under the Carpool Karaoke brand; microphone and accessories, and portable Bluetooth microphones under the Party Machine brand; music entertainment singing machines for children under the brand Singing Machine Kids; connected vehicle karaoke devices; and karaoke music subscription services for the iOS and Android platforms, as well as a web-based download store and integrated streaming services for hardware.

Read Our Latest Research Report on RIME

Anghami (ANGH)

Anghami Inc. operates a digital music entertainment technology platform in the Middle East and North Africa. It offers digital entertainment and online streaming services, including music, podcasts, music videos, and live events; and a music application and platform that provides Arabic and international music to stream and download.

Read Our Latest Research Report on ANGH

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