After a miserable year for music stocks — and stocks in general — 2022 could end on a string of positive notes. Since Oct. 28, the week when music companies began to release third-quarter financial results, the stocks of major labels rose an average of 23.1%. Indie music companies — Reservoir Media, Believe, Hipgnosis Songs Fund and Round Hill Music Royal Fund — rose an average of 8.2% over that time period.
Source: The Ledger: Music Stocks Are Rebounding at the End of a Rough Year