Brothers Liam and Noel Gallagher reunited in Mexico after 17 years on Friday (Sept. 12), and the long wait to see Oasis live again was worth every moment — with the differences that led to their 2009 breakup behind replaced by a celebration of pure, unfiltered rock and roll.

The British band’s inaugural stop in Latin America on their highly successful Oasis Live ’25 reunion tour — which launched in Cardiff, Wales, on July 4 — drew a crowd of 65,000 fans at Mexico City’s Estadio GNP Seguros, according to promoter OCESA. It was the first of two sold-out nights at the iconic venue, which witnessed a majestic two-hour performance featuring songs that have become generational anthems globally.

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“¡Viva México!”, shouted frontman Liam Gallagher visibly moved, as he walked onto the stage hand in hand with his brother Noel. “It’s good to be back!”

The massive screens displayed the message “This is happening,” followed by “Mexico City,” setting the tone for an unforgettable night. Later, Liam delivered another compliment that the crowd celebrated enthusiastically: “You’re fuchsia, beautiful, heavenly and majestic.”

The setlist performed in the Latin American country stayed true to what the band has been playing in previous shows, opening with “Hello” and including tracks like “Acquiesce,” “Morning Glory,” “Some Might Say,” “Cigarettes & Alcohol,” “Supersonic,” “Stand by Me” and “Live Forever.” And closing with the powerful “Wonderwall” and “Champagne Supernova.”

As has been the tradition during their reunion tour, Oasis was joined on stage by a cardboard cutout of Spanish soccer manager Pep Guardiola, who leads Manchester City. But here, they gave it a Mexican touch by placing a traditional charro sombrero on it.

One of the most emotional moments came during the performance of “Acquiesce,” when Noel sang the song’s chorus with heartfelt conviction: “Because we need each other, we believe in one another,” creating a feeling of hope among fans.

On the eve of the show, Oasis announced their arrival by lighting up Mexico City’s sky with a drone display that formed the band’s name. The spectacle flew over the majestic Bosque de Chapultepec, surprising locals and quickly going viral on social media.

For this leg of their tour, the Gallagher brothers were joined by guitarist Paul “Bonehead” Arthur, guitarist Gem Archer, bassist Andy Bell, and drummer Joey Waronker. The opening act for the night was the American rock band Cage the Elephant.

On Saturday (Sept. 13), Oasis is set to perform a second night in Mexico City before heading back to London for two shows at Wembley Stadium, on Sept. 27 and 28. The Latin American leg of the tour will resume on Nov. 15 in Argentina, continuing through Chile and concluding in Brazil on Nov. 22-23.

The Foo Fighters are gearing up for their first live performance with new drummer Ilan Rubin.

The Dave Grohl-led rockers made a surprise announcement on Friday night (Sept. 12), revealing that they’re play an all-ages show at the Fremont Theater in San Luis Obispo, California, on Saturday (Sept. 13).

The intimate gig at the 900-capacity venue will mark the band’s first official performance with Rubin, the former Nine Inch Nails drummer who joined the group earlier this summer.

“SOUND ON. See you Saturday in San Luis Obispo,” the Foo Fighters wrote on Instagram, alongside a show poster.

Fans also quickly noticed a teaser of what seems to be a newly recorded track — and judging by the reaction, they’re fully on board with the riff-heavy sound.

“Yeeees this is the sound we like … Good heavy riffs! The boys are back to what they’re good at and it feels good!!” one fan commented.

Others speculated that the song may have roots in the band’s past live sets.

“They played this in-between All My Life in Birmingham a couple years ago. Glad they’re putting it out soon!” a fan noted. Another added, “It’s definitely not live yep. Maybe they didn’t wanna do it exactly the way they’d jammed it live? But the similarities are definitely there. It’s the 30th anniversary of the band this year, maybe they’re gonna release new versions of old songs? But it’s undeniably got All My Life influences here. Maybe it’ll be like a KISS – Sonic Boom scenario. Who knows.”

In the days leading up to the San Luis Obispo show, Foo Fighters dropped a pair of cryptic teasers on social media, including a nod to “Weird Al” Yankovic, who recorded his parody song “My Bologna” on the Cal Poly campus in 1979. They also shared a photo that appeared to show Grohl wearing a T-shirt from Boo Boo Records, a beloved local record store.

The band has been off the road since September 2024 and is set to return to the stage with upcoming shows in Indonesia (Oct. 2), Singapore (Oct. 4), Japan (Oct. 7, 8, 10) and Mexico City (Nov. 14).

The Foo Fighters released their 11th studio album, But Here We Are, in 2023, marking their first new music following the death of longtime drummer Taylor Hawkins. The group also marked its 30th anniversary in July with the release of a new track titled “Today’s Song.”

In July, the Foos officially announced Rubin as their new drummer following the departure of veteran session and live drummer Josh Freese, who joined the group in May 2023 after Hawkins’ passing.

Check out the Foo Fighters’ San Luis Obispo show announcement – and new song teaser – below on Instagram.

Organizers of Farm Aid 40 have confirmed that this year’s festival will proceed as planned at the University of Minnesota, following a resolution between the university’s administration and striking workers.

On Saturday (Sept. 13), Farm Aid organizers announced on social media that the annual event will be held at Minneapolis’ Huntington Bank Stadium on Sept. 20, after the university and Teamsters Local 320 reached a labor agreement.

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“Farm Aid is grateful that the University of Minnesota and Teamsters Local 320 have reached an agreement,” organizers wrote on Instagram. “We are thrilled to confirm that Farm Aid 40 will go forward in Minneapolis as planned.”

They continued, “For four decades, Farm Aid has stood with farmers and workers. Today’s agreement is a reminder of what can be achieved when people come together in the spirit of fairness and solidarity.”

The 2025 edition of Farm Aid — marking the festival’s 40th anniversary — will feature headliners Willie Nelson, Neil Young, John Mellencamp, Dave Matthews, Kenny Chesney, Margo Price and Billy Strings, among others. The event is expected to draw a crowd of approximately 50,000 fans.

“We look forward to celebrating that spirit on September 20 — alongside farmers, workers, advocates, artists and fans — in a day of music and community that honors this shared history,” the statement concluded.

The labor dispute had cast uncertainty over the event in recent weeks. On Friday (Sept. 12), Farm Aid revealed that Nelson, the festival’s co-founder and president, had personally spoken with Minnesota Governor Tim Walz in an effort to help resolve the situation.

“I spoke with @mngovernor, and I’m grateful that he understands what’s at stake for farmers and Farm Aid,” Nelson said in a statement on Instagram. “His involvement is very appreciated. We both know that, ultimately, it’s up to the University to do the right thing, and soon, so that Farm Aid 40 can go forward.”

Farm Aid first announced the location for its 40th anniversary concert in May, naming the University of Minnesota as host. But on Sept. 4, members of Teamsters Local 320 — which represents public sector employees including custodial, maintenance, food service and sanitation staff — voted to reject a proposed contract extension. The union went on strike days later.

Crews were set to begin building the festival infrastructure on Sept. 12. Prior to the agreement, organizers acknowledged the difficulty of relocating the event at such a late stage.

“It is critical to understand that if Farm Aid 40 is forced to move or cancel, the financial impact could be devastating,” organizers said in a previous statement to Billboard. “The expenses already incurred to bring this historic event to Minnesota may well threaten the survival of our organization after four decades of service to family farmers.”

“We urge the University of Minnesota to settle this contract quickly so that Farm Aid 40 can proceed as intended — to celebrate four decades of farmers, music, and solidarity. The world is watching, and together we can make sure this anniversary is remembered for unity, not division.”

Since being founded in 1985, Farm Aid has raised more than $85 million “to promote a strong and resilient family farm system of agriculture,” according to its website.

See Farm Aid’s statement about moving forward in Minneapolis on Instagram below.

mgk won the Style Icon award at 12th annual Fashion Media Awards (FMAs), hosted by The Daily Front Row. The ceremony was held at the Rainbow Room at Rockefeller Center in New York on Friday (Sept. 12). The award was presented by former SNL star Pete Davidson.

mgk, 35, has reached the top five on the Billboard 200 with six albums to date, topping the chart with two of them, Mainstream Sellout and Tickets to My Downfall. Mainstream Sellout also received a Grammy nod for best rock album. His highest-charting single to date is “Bad Things,” a collab with Camila Cabello which reached No. 4 on the Billboard Hot 100 chart in 2017.

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Iman, 70, the actress and supermodel, received a Fashion Legend Award. Iman appeared in two music videos, playing Jermaine Jackson’s love interest in “Do What You Do” in 1984 and playing Queen Nefertiti in Michael Jackson’s “Remember the Time” in 1992. Iman was married to David Bowie from 1992 until his death in 2016.

This year’s Fashion Media Awards ceremony was hosted by Bronwyn Newport, fashion historian and cast member of Bravo’s The Real Housewives of Salt Lake City.

Busta Rhymes, who received the inaugural Rock the Bells award at the MTV Video Music Awards on Sept. 7, was in attendance here, along with Tiffany Hadish, Pete Davidson, Amelia Gray, Amy Sherald, Anok Yai, Ashwin Gane, Brooks Nader, Christy Turlington, Dee Hilfiger, Drew Taggart, Fernanda Giménez, Joe Manganiello, Ishaan Khattar, Laura Kim, Law Roach, Nicky Hilton, Tina Craig and Tommy Hilfiger.

Here’s a complete list of honorees at the 12th Annual Fashion Media Awards:

Style Icon: mgk, presented by Pete Davidson

Fashion Legend: Iman, presented by Anok Yai

Creatives of the Year: Laura Kim & Fernando Garcia, Oscar de la Renta & Monse, presented by Law Roach

Magazine of the Year: Cultured Magazine, accepted by Sarah Harrelson, Editor-in-Chief, presented by Amy Sherald

Lifetime Achievement Award: Pamela Hanson, presented by Christy Turlington

Emerging Artist: Ashwin Gane, presented by Busta Rhymes

Fashion Innovator: Zac Posen, presented by Brooks Nader

Campaign of the Year: Trey Laird for Hugo Boss, presented by Amelia Gray

Impact Innovation Award: Mary Alice Stephenson, GLAM4GOOD, presented by Dee Hilfiger

Breakthrough Beauty Brand: Marianne Fonseca, Gente Beauty, presented by Fernanda Giménez

From career milestones to new music releases to major announcements and those little important moments, Billboard editors highlight uplifting moments in Latin music. Here’s what happened in the Latin music world this week.

Peso Pluma Makes Fashion History

This week, Peso Pluma made history as the Council of Fashion Designers of America’s (CFDA) first Mexican ambassador for New York Fashion Week. Dressed in Willy Chavarría and styled by Anastasia Walker, the música Mexicana superstar made his official debut at the CFDA cocktail party hoisted in Rockefeller Center by CFDA Chairman Thom Browne, alongside designers Michael Kors and Anna Sui. Peso was joined in the celebration by his girlfriend and pop singer, Kenia OS, as well as Young Miko, who’s also an ambassador.

Trueno Teams Up with Gorillaz

Trueno unveiled a cool career move this week, sharing on his Instagram that he’s a featured artist on Gorillaz‘s upcoming studio album, The Mountain. Set to release March 2026, the Argentine artist is a collaborator on the track “The Manifesto,” also featuring the late Proof. Additionally, Trueno will be joining the group on key dates of its The Mountain Tour set to kicks off Spring 2026 across the U.K. and Ireland. “It is an honor to be able to carry this beautiful responsibility, from La Boca to where I never imagined,” he expressed. Trueno and Gorillaz first shared stage at the 2022 Quilmes Rock Festival in Argentina, where the rapper joined the group for a freestyle of their hit single “Clint Eastwood.”

Chiquis Continues Giving Back

“This has always been a part of who I am, I like to give back,” Chiquis said in a new reel posted this week. In the clip, the Mexican-American singer talks about the importance of having compassion and helping her community, while also visiting a local supermarket and paying for the groceries of many strangers. “This is for my people. Those who dream, those who fight and don’t give up,” she captioned the post. “For my hardworking people, those who smile even when life is sometimes hard.” Her sweet gesture also served as a teaser of her upcoming single “Pa’ Mi Gente,” out Sept. 18.

A Laura Pausini Museum

A museum dedicated to Laura Pausini‘s prolific career will open its doors in Italy, becoming the first musesum dedicated to a music star in the country. Encouraged by her father to turn their family home into a hot spot for tourist and fans — and with the support of mayor Maria Diletta Beltrani and the entire municipality of Solarolo — the museum will showcase Pausini’s awards, memorable outfits, personal belongings, and objects donated by her fans. The exhibition will officially open on Sept. 13 and will be free of charge to members of her fan club. For more information, visit here.

Bounty Killer received a Lifetime Achievement Award Honor and Busta Rhymes received an Elite Icon Award at the 2025 Caribbean Music Awards, which were presented on Aug. 28 at Kings Theatre in Brooklyn, N.Y. The third annual ceremony, hosted by comedian Majah Hype, aired on BET on Sept. 12.

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A giant in the dancehall space, Bounty Killer has earned three entries on the Billboard Hot 100: 1997’s “Hip-Hopera” (No. 81, with The Fugees), 1998’s “Deadly Zone” (No. 79, with Mobb Deep and Rappin’ Noyd) and 2001’s “Hey Baby” (No. 5, with No Doubt). The Kingston-bred artist’s lifetime achievement honor arrived nearly two months after he headlined Brooklyn’s Barclays Center for his first U.S. performance in 15 years.

Busta Rhymes, who recently received the inaugural Rock the Bells Visionary Award at the 2025 MTV Video Music Awards, has spent his career supporting Caribbean talent as one of hip-hop’s most visible Jamaican-Americans. The Billboard 200 chart-topper has collaborated with the likes of Vybz Kartel, Spice, Sean Paul, Skillibeng, YG Marley, Ding Dong and Popeye Caution.

Shenseea and Masicka entered the night as the most nominated artists (seven apiece), and both took home several trophies. Shenseea nearly swept the ceremony with five wins, including dancehall album of the year for Never Gets Late Here, which also earned the pop-dancehall princess her first solo Grammy nomination earlier this year. Masicka, who took home three awards with Shenseea thanks to their smash “Hit & Run” single, won a fourth trophy for reggae song of the year thanks to his featured turn on Romain Virgo’s “Been There Before.” Several other artists scored multiple victories, including Kartel (three), Virgo (three), Di Genius (three), Patrice Roberts (two) and Kes (two).

Other winners in competitive categories included Lila Iké, Lady Lava, Buju Banton, and Armanii, who recently performed at Billboard R&B/Hip-Hop Live (Sept. 6). Lady Lava took home the inaugural zess-steam artist of the year award, and Dexta Daps took home the first-ever Caribbean R&B artist of the year honor.

The Caribbean Music Awards recognize artists, producers, and industry professionals who have significantly contributed to the Caribbean music landscape. This year’s nominations list included more than 40 categories spanning a diverse range of genres, including reggae, soca and dancehall.

The awards are presented by the Caribbean Elite Group, which also produces Caribbean Elite Magazine – a print and digital publication which highlights Caribbean entertainers, artists, producers, promoters, cuisine, travel, fashion and entrepreneurs.

Here’s a complete list of winners in both competitive (fan-voted) and honorary categories.

Competitive Categories

2025 Impact Award (Dancehall): Armanii

2025 Impact Award (Reggae): YG Marley

2025 Impact Award (Soca): Yung Bredda

Album of the Year (Reggae): Romain Virgo, The Gentle Man

Album of the Year (Dancehall): Shenseea, Never Gets Late Here

Artist of the Year (Bouyon): Mr. Ridge

Artist of the Year (French Caribbean): Joé Dwèt Filé

Artist of the Year (Latin Caribbean): Bad Bunny

Artist/Band of the Year (Konpa): Rutshelle Guillaume

Caribbean R&B Artist of the Year: Dexta Daps

Caribbean Fusion Artist of the Year: Naïka

Zess-Steam Artist of the Year: Lady Lava

Artist of the Year — Female (Dancehall): Shenseea

Artist of the Year — Female (Reggae): Lila Iké

Artist of the Year — Female (Soca): Patrice Roberts

Artist of the Year — Male (Dancehall): Vybz Kartel

Artist of the Year — Male (Reggae): Romain Virgo

Artist of the Year — Male (Soca): Kes

Best New Artist (Dancehall): Malie Donn

Best New Artist (Reggae): Sevana

Best New Artist (Soca): Blaka Dan

Collaboration of the Year (Soca): Trilla G, Lil Boy & Quan, “Someone Else”

Collaboration of the Year (Reggae): Bugle, Buju Banton & Damian “Jr Gong” Marley, “Thank You Lord”

Collaboration of the Year (Dancehall): Shenseea, Masicka & Di Genius, “Hit & Run”

Cruise Event of the Year: UberSoca

Music Event of the Year: Vybz Kartel’s Freedom Street

Male International DJ of the Year: DJ Private Ryan

Female International DJ of the Year: DJ Ana

People’s Choice: Vybz Kartel

Performer of the Year (Dancehall): Spice

Performer of the Year (Soca): Kes

Song of the Year (Dancehall): Shenseea, Masicka & Di Genius, “Hit & Run”

Song of the Year (Soca): Mical Teja, “DNA”

Song of the Year (Reggae): Romain Virgo feat. Masicka, “Been There Before”

Video of the Year (Reggae/Dancehall): Shenseea, Masicka & Di Genius, “Hit & Run”

Video of the Year (Soca): Patrice Roberts, “Anxiety”

Honorary Awards

Lifetime Achievement Award: Bounty Killer

Elite Icon Award: Busta Rhymes

Legacy Award: Carimi

Humanitarian Award: Sizzla

Producer Award Honor: Kerwin Du Bois

Gospel Award Honor: Shirley Ann Cyril-Mayers

Calypso Award Honor: Austin “Super Blue” Lyons

From Vybz Kartel’s culture-quaking comeback to the global domination of Moliy, Silent Addy and Disco Neil’s “Shake It to the Max,” Caribbean music and culture have been running 2025. To commemorate an incredible year, the region’s biggest and buzziest stars descended upon Kings Theater in Brooklyn, N.Y. for the third annual Caribbean Music Awards (Aug. 28).

Hosted by Majah Hype, the “King of Caribbean Comedy,” the night featured special performances from Machel Montano, Elephant Man, Ding Dong, Lady Lava, Full Blown, Maureen, and more. With reggae, dancehall, calypso, konpa and soca all given spotlights, the breadth of West Indian music was on full display. Additional celebrity appearances included Shenseea, Spice, Dexta Daps, Serani, Buju Banton, Patrice Roberts, Alison Hinds, Lyrikal, and Armanii, who recently performed at Billboard‘s annual R&B/Hip-Hop Live concert on Sept. 6. Inside the theater, attendees were treated to a litany of West Indian iconoclasts, including live steelpan bands, blinged-out Carnival costumes, and Jamaican and Haitian beef patties.

In addition to over 40 competitive awards, several pillars of Caribbean music were honored for their contributions to the culture. Bounty Killer took home the lifetime achievement award, Sizzla earned the humanitarian award, and Busta Rhymes was honored with the elite icon award. Additional special honorees included Austin “Super Blue” Lyons (calypso honors), Kerwin Du Bois (producer honor), Carimi (legacy award) and Shirley Ann Cyril-Mayers (gospel honors).

This year’s Caribbean Music Awards aired Sept. 12 on BET, marking the very first time the ceremony has been televised. On the red carpet, Billboard hosted a live stream co-hosted by staff writer Kyle Denis and Love Island USA’s Chelley Bissainthe.

Here are the six best moments from the 2025 Caribbean Music Awards.

Although Shenseea dominated the night with five wins, including dancehall album, collaboration and song of the year, the third annual Caribbean Music Awards certainly spread the wealth. Hosted by Majah Hype at Brooklyn’s King Theatre (Aug. 28), this year’s Caribbean Music Awards honored performers and works across reggae, dancehall, soca, R&B, gospel, bouyon, zess-steam, konpa and more, highlighting the myriad styles that have helped Caribbean music and culture remain a global force.

Thanks to his collaborations with Shenseea (“Hit & Run”) and Romain Virgo (“Been There Before”), Masicka was the second most-awarded artist of the night with four trophies. Nearly every artist who earned at least three nominations took home something, except for Nailah Blackman, Chronic Law, Kranium, Bunji Garlin, Problem Child, Trinidad Killa and Jada Kingdom — all of whom were completely shut out. Notably, all three of last year’s female artist of the year winners repeated in their respective categories, with Shenseea taking home the dancehall honor, Lila Iké snagging the reggae award and Patrice Roberts winning the soca trophy for a third consecutive year.

In addition to over 40 competitive awards, several Caribbean music legends were honored for their towering contributions to the culture. DJ Khaled and Swizz Beatz honored Bounty Killer with the lifetime achievement award, Mýa presented Sizzla with the humanitarian award, and Buju Banton celebrated Busta Rhymes with the elite icon award. Additional special honorees included Austin “Super Blue” Lyons (calypso honors), Kerwin Du Bois (producer honor), Carimi (legacy award) and Shirley Ann Cyril-Mayers (gospel honors).

Here are six of the biggest snubs and surprises from the 2025 Caribbean Music Awards.

From reggae legends like Sizzla and Buju Banton to innovative breakout stars like Lady Lava and dancehall upstarts such as Armanii, the third annual Caribbean Music Awards certainly weren’t lacking in star power and memorable performances. The Aug. 28 ceremony, which unfolded at Brooklyn’s Kings Theater ahead of a BET telecast on Sept. 12, celebrated the biggest artists and buzziest records across Caribbean music over the past year, with over 40 categories honoring genres like reggae, dancehall, soca, zess-steam, konpa, calypso, gospel and R&B.

Shenseea, who tied Masicka as this year’s most-nominated artist (seven apiece), was the night’s biggest winner, with five victories, including dancehall album, song and collaboration of the year. King of Dancehall Vybz Kartel, who kicked off 2025 with a revelatory Billboard cover story, took home three awards, including male dancehall artist of the year and music event of the year for his seismic Kingston-conquering Freedom Street concert last December. Lady Lava, whose “Ring Finger” earned an effusive co-sign from Cardi B, won the inaugural zess-steam artist of the year award, and Yung Bredda and Armanii took home this year’s impact awards for soca and dancehall, respectively.

Outside of the hardware, this year’s ceremony also featured a slew of roof-raising performances from acts such as Elephant Man, Full Blown, Lady Lava, Lila Iké, Romain Virgo and more. Although Spice and Kes were named performers of the year for dancehall and soca, respectively, neither act graced the stage. Additionally, none of the night’s special honorees (Busta Rhymes, Bounty Killer, Sizzla, Kerwin Du Bois, Shirley Ann Cyril-Mayers, Austin “Super Blue” Lyons and Carimi) performed, save for an impromptu freestyle from Bounty near the end of his lifetime achievement award acceptance speech. All of their on-stage absences were certainly felt, but this year’s Caribbean Music Awards featured a lineup that pleased music lovers across generations and genres.

Here’s Billboard’s ranking of every performance at the 2025 Caribbean Music Awards.

Sphere Entertainment stock rose 19.3% to $58.33 this week, marking its fourth consecutive weekly gain and the largest improvement in that month-long run. Sphere shares have risen an astounding 46.3% in the last four weeks. The stock reached an all-time high of $58.71 on Friday (Sept. 12).

Sphere’s latest offering, a revamped The Wizard of Oz, has won over both audiences and Wall Street analysts. As Billboard noted on Wednesday (Sept. 10), numerous analysts have raised forecasts in the wake of a stellar debut and strong ticket sales. The $2.3 billion venue requires a high level of utilization to be profitable, meaning Sphere must squeeze in film showings when it’s not hosting sold-out concerts by the likes of Backstreet Boys and The Eagles. Early results suggest the revamped The Wizard of Oz, which cost upwards of $100 million, is performing better than Sphere’s two previous films, Postcards from Earth and V-U2. 

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The 19-company Billboard Global Music Index (BGMI) rose 1.0% to 3,061.29, putting its year-to-date gain at 44.1%. The majority of music stocks ended the week in positive territory, mirroring gains elsewhere in the market as investors lifted stocks ahead of an expected interest rate cut by the U.S. Federal Reserve. 

The week’s biggest gainer was music streamer LiveOne, which jumped 29.5% to $0.57. On Thursday (Sept. 11), LiveOne raised its fiscal 2026 adjusted EBITDA guidance to $4.5 million to $6 million on revenue of $55 million to $60 million. On Friday, the company announced that its Bitcoin holdings exceed $5 million. 

Radio broadcaster and podcast company iHeartMedia rose 23.3% to finish the week at $2.59. iHeartMedia shares rose 9.2% on Friday after the company announced an expanded partnership and new long-term agreement with Bell Media in Canada. iHeartRadio Canada is a partnership between iHeartMedia and Bell Media, giving the American company distribution of its radio stations and podcast content in the neighbor to the north. 

Live Nation shares rose 6.3% to $173.73 on Friday after reaching a new all-time high of $175.25 earlier in the day. The spike followed Citi’s hike of its Live Nation price target to $195 from $165 on Tuesday (Sept. 9). Also this week, CFRA raised its Live Nation price target by $26 to $196, citing “the outsized opportunity for live entertainment around the globe” and the company’s efforts to build arenas and theaters to capture market share. 

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Universal Music Group (UMG) rose 1.2% to 24.59 euros ($28.86). This week, Citi upgraded UMG to “buy” from “neutral” and increased its price target to 29 euros ($34.03) from 27 euros ($31.68).

Warner Music Group shares gained 2.8% to $33.62, lifting the stock’s year-to-date gain to 8.4%. On Wednesday (Sept. 10), Tigress raised its price target to $45 from $44 due to subscriber growth and the company’s margin expansion. 

Spotify, the BMGI’s largest single component with a market capitalization of $142.6 billion, fell 1.5% to $696.40. Spotify shares are up 49.2% this year but have fallen 12.7% since reaching an all-time high of $785.00 on June 27. This week, the company announced the launch of its long-awaited high-quality audio streaming offering. 

Many markets and indexes gained this week as investors awaited a decision by the Federal Reserve and companies continued to announce positive news. Amidst rising inflation and falling consumer sentiment, companies ranging from Six Flags Entertainment to Adobe nonetheless gained on encouraging results. 

In the U.S., the Nasdaq composite index rose 2.0% to a record closing of 22,141.10, and the S&P 500 climbed 1.7% to 6,584.29. In the U.K., the FTSE 100 improved 0.8% to 9,283.29. South Korea’s KOSPI composite index jumped 5.9% to 3,395.54, and China’s Shanghai Composite Index improved 1.5% to 3,870.60. 

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