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Top Music Stocks Worth Watching - April 5th

Tencent Music Entertainment Group logo with Consumer Discretionary background
Image from MarketBeat Media, LLC.

Key Points

  • Top picks: Tencent Music Entertainment Group (TME), NetEase (NTES), Warner Music Group (WMG), Dolby Laboratories (DLB), and Madison Square Garden Entertainment (MSGE) are the five music stocks MarketBeat highlights as worth watching.
  • “Music stocks” span streaming platforms, record labels, concert promoters and music-technology firms, with revenues driven by subscriptions, advertising, licensing/royalties and live-event sales but exposed to shifting consumer tastes, technology changes, and copyright/licensing risks.
  • MarketBeat’s selection is based on the highest dollar trading volume among music-sector stocks over the past several days, indicating recent investor interest in these names.
  • MarketBeat previews the top five stocks to own by May 1st.

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 core businesses involve creating, distributing, monetizing, or supporting music—this includes streaming platforms, record labels and publishers, concert promoters, instrument makers, and music-technology firms. Investors view them as a sector driven by subscriptions, advertising, licensing/royalties and live-event revenue, and subject to risks from changing consumer tastes, technology shifts, and copyright or licensing dynamics. 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

See Also

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