Category: Music

Spotify’s stock price has fallen more than $200 below its all-time high of $785.00 set on June 27 after falling 8.2% to $583.62 in the week ended Friday (Nov. 21). The Swedish streaming giant’s share price dropped more than 7% in the two days after it announced the purchase of WhoSampled, an online song samples database, to power a new song credits feature, SongDNA.

Investors’ reaction to a relatively small acquisition appears to be part of a larger theme in recent weeks. While Spotify is one of the better-performing music stocks of 2025, it has struggled since the company announced on Sept. 30 that CEO Daniel Ek will step down and assume the role of executive chairman. Ek attempted to assuage investors who might be wary of his departure, saying in an open letter that “very little will change” when Spotify is led by co-CEOs Alex Norström and Gustav Söderström, two longtime Spotify executives. Ek added that he will operate with a European-style approach to the executive chairman position that is “more hands-on than the traditional U.S. model.”

But investors aren’t showing much faith in the post-Ek era. Since the announcement, Spotify shares have fallen 19.9%, erasing $29.7 billion of market value. 

Driven by Spotify’s 8.2% decline — the worst for all music companies this week — the Billboard Global Music Index (BGMI) fell 4.8% to 2,571.67. Eight of the index’s companies had gains while 11 finished the week with losses. The BGMI has not posted a gain in 10 weeks and now stands 17.5% below the all-time high of 3,117.20 set during the week of June 30.  

Markets were down around the world this week. In the U.S., the Nasdaq fell 2.7% to 22,273.08 and the S&P 500 dropped 1.9% to 6,602.99. The U.K.’s FTSE 100 sank 1.6% to 9,539.71. South Korea’s KOSPI composite index and China’s Shanghai Composite Index each dropped 3.9%. 

Warner Music Group (WMG) finished the week up 1.1% to $30.69. After releasing earnings on Thursday morning (Nov. 20), WMG shares dropped 2.7% on Thursday but gained 3.4% gain on Friday. Investors may not have received their desired message from WMG management, but analysts were upbeat about the numbers and management’s outlook. CFRA bumped WMG shares up to a “hold” rating from the “sell” rating it issued in July. Guggenheim kept its “buy” rating and $37 price target while noting that WMG’s “capital efficient” joint venture with Bain is likely to provide growth to both revenue and earnings. J.P. Morgan, which maintained its “overweight” rating and $40 price target, was “encouraged” by WMG management’s comments on margin expansion and market share gain. 

CTS Eventim shares rose 7.2% to 84.65 euros ($97.52). The German concert promoter and ticketing company released third-quarter earnings on Thursday that showed revenue rose 4%. The week’s gain brought CTS Eventim’s year-to-date gain to 0.8%. 

Netease Cloud Music fell 7.1% to 189.40 HKD ($24.33) after its third-quarter earnings, released on Thursday, revealed a 2% decline in revenue. Cloud Music remains one of the year’s best-performing music stocks, however, with a 2025 gain of 68.8%. 

Live Nation shares fell 3.9% to $130.55. Deutsche Bank lowered its price target to $160 from $173, which suggests 22.6% of upside based on Friday’s closing price, and maintained its “buy” rating. 

The week’s greatest gainer was Cumulus Media, which rose 29% to $0.11. Such large swings are common for Cumulus, which has lost 85.7% of its value in 2025 and experiences sizable moves when it rises or falls a mere penny. With a market capitalization of just $2 million, the radio broadcaster has little effect on the BGMI. 

GloRilla has defeated a lawsuit that accused her of stealing a social media personality’s viral catchphrase “all natural, no BBL” for her 2024 song “Never Find.”

The federal copyright case was filed this summer by Natalie Henderson, aka @slimdabodylast on Instagram, who claims she coined the catchphrase referencing “Brazilian butt lift” surgery. Henderson says GloRilla (Gloria Woods) stole the phrase for her lyric “All natural, no BBL/ Mad hoes go to hell” on “Never Find,” a bonus track off her debut album Glorious.

GloRilla’s lawyers denied any infringement and argued that nobody can copyright a “cliched” expression like “all natural, no BBL.” But it doesn’t look like a court will have to decide these substantive questions; Judge Lance M. Africk dismissed Henderson’s lawsuit on Friday (Nov. 21) based on geographical technicalities.

The suit was brought in Henderson’s home state of Louisiana, but the judge ruled that wasn’t enough to establish jurisdiction over GloRilla, a Georgia resident, or the various label defendants also named in the lawsuit — California-based Universal Music Group and Warner Chappell, Tennessee-based CMG and New York-based BMG.

Henderson tried to argue that jurisdiction was established by GloRilla doing business in New Orleans, including by attending the 2025 Super Bowl and performing at the city’s Smoothie King Center when she opened for Lil Baby’s It’s Only Us tour in 2023 and Megan Thee Stallion’s Hot Girl Summer tour in 2024. But Judge Africk was not convinced.

“Plaintiff’s claims do not arise out of or result from defendant Woods’s concerts or personal appearances in Louisiana, particularly when plaintiff has not made any allegations that ‘Never Find’ was ever performed in Louisiana,” wrote the judge.

Judge Africk similarly rejected Henderson’s contention that the case could be brought in Louisiana because “Never Find” was distributed in the state. He noted that the song was available worldwide — and also pointed out a major hole in Henderson’s argument.

“Plaintiff relies on her counsel’s purchase of a copy of defendant Woods’s album Glorious on vinyl at a New Orleans record store as evidence that defendants ‘specifically targeted consumers in Louisiana,’” wrote the judge. “However, ‘Never Find’ was not included on the vinyl that plaintiff’s counsel purchased, as it was only released as a bonus track on an exclusive digital version of the album Glorious.”

The lawsuit was dismissed without prejudice, meaning Henderson can attempt to refile the lawsuit in a different state if she so chooses. Her lawyer did not immediately return a request for comment on Friday, and neither did GloRilla’s reps.

This isn’t GloRilla’s first time defeating a copyright infringement lawsuit. Another case, which alleged her hit songs “Tomorrow” and “Tomorrow 2” sampled a decades-old hip-hop track without permission, was also dismissed out of New Orleans federal court last year for jurisdictional reasons.

GloRilla was sued again a year ago alongside Megan Thee Stallion, Cardi B and Soulja Boy for supposedly sampling the 2008 Plies song “Me & My Goons” without clearance on their collaboration “Wanna Be.” That case was voluntarily dropped in March.

The next generation of music industry visionaries, entrepreneurs and changemakers showed up in droves for the first-ever edition of Billboard Canada 40 Under 40.

Yesterday (Nov. 20) at W Toronto marked the first time Billboard‘s influential celebration came to Canada, recognizing the executives and innovators shaping the global music business. The night was in partnership with YouTube, W Toronto and Hendrick’s.

“There’s really a lot of optimism here,” shared Richard Trapunski, National Editor at Billboard Canada. “There’s so much talent coming out of Canada that’s really shaping what’s happening in the music industry worldwide. It’s great to get a chance to celebrate those people and those voices who are pushing that conversation.”

Elizabeth Crisante, Billboard Canada’s Chief Commercial Officer, noted that many driven and successful achievers don’t get a chance to celebrate their wins.

“The interesting thing about highly ambitious people is they have laser-like focus on the goals in front of them,” she said. “Often, they may not take the time to step back and look at how far they’ve come, how much they’ve grown and how much impact they’ve had in the community — and that’s why tonight is so special.”

La Mar Taylor accepted the first-ever Billboard Canada 40 Under 40 Visionary Award, presented by YouTube. The globally successful 35-year-old is a co-founder of the culture-defining XO Records and is The Weeknd‘s longtime creative director. His work with The Weeknd, including his record-breaking After Hours Til Dawn Tour, cemented him as one of the most influential creative directors in music today.

Taylor is also building the next generation of Canadian talent through HXOUSE, the Toronto creative incubator he co-founded to provide mentorship, studio space and networking opportunities for emerging artists, designers and musicians.

In his acceptance speech, Taylor made sure to celebrate his hometown, thanking XO, The Weeknd and the HXOUSE community. He expressed enthusiasm about 40 Under 40 becoming an annual event, praising the strength of the music community in Canada that deserves recognition, while also calling for a stronger creative ecosystem in Canada.

“It’s up to us to pave the way and really bring Canada to where it needs to be. Let’s be on the journey together. Let’s kill it.”

The majority of the inaugural honourees came to celebrate, including SOCAN executive director and TMU assistant professor Dr. Charlie Wall-Andrews, MRG Live’s senior talent buyer, Samantha O’Connor, senior manager of label partnerships at Universal Music Canada, Angela De Medeiros, Sony Music Canada marketing manager, Vanessa Adams, Live Nation Canada’s director of Latin music, Ricky Taco, senior music manager at SiriusXM Canada, Siobhan Woodrow, 604 Records’ head of streaming, Julia Amodeo, Yonis, co-founder of Active Cause and many more.

Read more from the celebration here and find the full Billboard Canada 40 Under 40 list here. 

Warner Music Canada Appoints New Co-GMs Julia Hummel & Madelaine Napoleone

Warner Music Canada has named Julia Hummel and Madelaine Napoleone as its new co-general managers, the company announced today.

The Toronto-based executives — both Billboard Canada Women in Music 2025 honourees, and with Hummel also recognized on Billboard Canada’s 40 Under 40 list — will jointly lead the company’s strategy across one of the world’s top music markets.

Hummel and Napoleone will report to Eric Wong, president of East West Records and head of global A&R for recorded music at Warner Music Group.

Before their promotions, Napoleone was VP of marketing and Hummel served as VP of digital strategy and business development. Both joined Warner Music Canada in 2022.

The leadership shift arrives as Warner Music Group continues implementing a global plan to streamline operations and increase investment in music. It also follows the recent departure of Kristen Burke, who previously served as president of Warner Music Canada.

“Madelaine and I are excited to shape the next phase of Warner Music Canada’s growth,” Hummel said in an exclusive statement to Billboard Canada. “We’re committed to strengthening the bridge between our global artists and Canadian fans, and to ensuring that Canadian voices are heard on the world stage.”

“Julia and I are proud to help Canadian artists leverage Warner Music’s global network while building more opportunities for international talent here in Canada,” Napoleone added. “Our passion for music and dedication to supporting artists remain at the core of our work.”

Wong said he has “the utmost confidence” in their leadership, citing their combined expertise in marketing and digital strategy as key to advancing the company’s Canadian business.

The company also confirmed that Andy West, who served as EVP and general manager for the past three years, has exited the company.

Read more here.