Led by Spotify and Live Nation, music stocks surged on Wednesday (April 9) after the U.S. Treasury placed a 90-day pause on most tariffs and recaptured some of the losses from the chaotic previous week. 

A week after losing $12 billion in market value, Spotify was one of the top-performing music stocks of the week, gaining 8.0% and offsetting most of the previous week’s 10.3% decline. A 9.8% gain on Wednesday helped improve the streaming company’s two-week loss to 3.1%. 

The 20-company Billboard Global Music Index (BGMI) gained 4.6% to 2,362.78 on Wednesday’s 90-day tariff pause. That welcome news recaptured only a fraction of the previous week’s losses, however, and music stocks were hurt by a weakened U.S. dollar and growing fears the U.S. could slip into a recession. After losing 8.2% in the previous week, the index’s two-week loss stands at 4.0%. 

U.S. markets rebounded after a miserable week. The Nasdaq rose 7.3% to 16,724.46, bringing its two-week loss to 3.5%. The S&P 500 rose 5.7% to 5,363.36, giving it a two-week decline of 3.9%. 

Many markets outside of the U.S. were down, however. In the U.K., the FTSE 100 dropped 1.1%, giving it a two-week loss of 8.0%. South Korea’s KOSPI composite index was down 1.3%, adding to the previous week’s 3.6% decline. China’s SSE Composite Index dipped 3.1% a week after falling 0.3%. 

Music streamer LiveOne was the week’s biggest gainer after jumping 18.0% to $0.72. The company’s preliminary results for fiscal 2025 released on Monday (April 7) showed the music streaming company had revenue of more than $112 million, while subscribers and ad-supported listeners surpassed 1.45 million. Even after the large increase, LiveOne shares have fallen 47.4% year to date. 

Live Nation, which jumped 7.2% to $129.52 this week, is the only music company to post a gain over the past two weeks. The concert promoter’s share price dropped 3.4% the previous week but, with the help of a 10.9% jump on Wednesday, recovered well enough for a two-week gain of 3.6%. 

Record labels and publishers finished the week in the middle of the pack. Warner Music Group fell 1.5% to $29.03, bringing its two-week decline to 8.0%. Universal Music Group was down 1.6%, giving it a two-week decline of 10.7%. Reservoir Media rose 0.7% to $7.10, giving it a two-week deficit of just 2.1%. 

Sphere Entertainment Co. is one of the worst-performing music stocks over the past two weeks with an 18.5% decline. The company’s shares finished the week up 1.3%, barely offsetting the previous week’s 19.5% decline. A spike on Wednesday was partially offset by declines of 4.3% and 7.7% on Tuesday (April 8) and Thursday (April 10), respectively. 

Most radio companies, which are heavily exposed to slowed advertising spending during recessions, had another down week. Cumulus Media dropped 22.5% to $0.31, bringing its two-week loss to 34.0%. iHeartMedia fell 4.2%, which took its two-week decline to 29.9%. Townsquare Media was down 4.9% this week and 13.6% over the past two weeks. Satellite broadcaster SiriusXM, which was upgraded by Seaport to buy from neutral, gained 2.6% this week, narrowing its two-week loss to 12.0%. 

The two Chinese music streaming companies on the BGMI fared poorly despite the recoveries by Spotify, LiveOne and Deezer, which gained 2.3%. Tencent Music Entertainment fell 5.5% to $12.24 but was likely helped by Nomura initiating coverage this week with a buy rating and a $17.20 price target. Cloud Music shares dropped 5.7% to 141.50 HKD ($18.24). 

K-pop companies, which bucked the downward trend the previous week, posted declines as well. SM Entertainment fell 8.2%, HYBE dropped 8.1%, JYP Entertainment sank 5.8% and YG Entertainment dipped 4.1%. 

Katy Perry is just three days away from living her hit single, “E.T.,” in real life, and the star took to Instagram to tease her upcoming space flight.

The “Lifetimes” singer will be on board Jeff Bezos’ space exploration company Blue Origin’s first all-women flight crew, which will be led by Lauren Sánchez — who is engaged to Bezos and is vice chair of the billionaire’s Earth Fund. The NS-31 expedition will mark Blue Origin’s 11th human space flight, and will also include passengers CBS Mornings‘ Gayle King, NASA rocket scientist Aisha Bowe, bioastronautics research scientist and Nobel Peace Prize nominee Amanda Nguyen and entrepreneur/film producer Kerianne Flynn.

In the brief animated video graphic shared to Perry’s Instagram, the expedition’s logo comes into frame, against a starry sky. The clip details that the NS-31 mission will launch on Monday (April 14) at 7 a.m. CT. “T-minus 3 days to launch for NS-31 @blueorigin,” Perry wrote in the caption, linking to the page where those at home can watch the take-off live.

See her post here.

At the time of the expeditions announcement, Perry wrote on Instagram, “If you had told me that I would be part of the first ever all-female crew in space, I would have believed you … Nothing was beyond my imagination as a child.”

“Although we didn’t grow up with much, I never stopped looking at the world with hopeful WONDER!” continued the former American Idol judge, who shares daughter Daisy with Orlando Bloom. “I work hard to live my life that way still, and I am motivated more than ever to be an example for my daughter that women should take up space (pun intended). That’s why this opportunity is so incredible — so that I can show all of the youngest & most vulnerable among us to reach for the stars, literally and figuratively.”

After her time in outer space, Perry is kicking off her Lifetimes Tour, in support of her new album 143, in Mexico City on April 23.

Just one week after bandmate Michael Clifford announced a solo career, 5 Seconds of Summer bassist Calum Hood has followed in kind, sharing his debut solo single ahead of a full-length record.

Hood’s solo venture has officially launched with the release of “Don’t Forget You Love Me,” which is described as the emotional cornerstone of its accompanying album, ORDER chaos ORDER. 

Written and produced alongside English production team TMS and Jack LaFrantz, “Don’t Forget You Love Me” is a darker pop cut, boasting a sense of vulnerability and heartbreak that appears to underline the more melancholic approach that Hood has taken on the forthcoming album. The single also comes accompanied by a Andy DeLuca-directed and Sarah Eiseman-produced visual which places a pensieve Hood in myriad locations as rain begins to pour down.

ORDER chaos ORDER is scheduled to release via Capitol Records on June 13, with Hood explaining that the album sees him breaking new ground on his musical journey, yet maintaining a sense of sincerity as he approaches a far more raw and tender aesthetic.

“This album was made in a tumble dryer of knowing and not knowing,” Hood explains. “I started out with a vision—order—but quickly became overwhelmed by the process—chaos. Eventually, I learned to embrace both, and that balance became the heart of the record.”

“There are things I’ve never been able to sing about in the band—my upbringing, my family, the places life has taken me,” he adds. “This album is about laying those things to rest and allowing listeners to connect in their own way.”

5 Seconds of Summer first formed in Sydney, Australia in 2011 and released their self-titled debut album in 2014. All five of the band’s albums have peaked atop the Australia ARIA charts, while only 2020’s Calm and 2022’s 5SOS5 prevented the same feat on the Billboard 200, with the records reaching a very respectable peak of No. 2.

Members of the six-time ARIA Award-winning group began launching solo careers following the release of Calm, with drummer Ashton Irwin releasing his Superbloom album in 2020, with second album Blood on the Drums arriving in July 2024. 

Vocalist and rhythm guitarist Luke Hemmings would follow suit in 2021 with his debut album When Facing the Things We Turn Away From, following it up with the Boy EP in April 2024. Just last week, guitarist Clifford shared his own solo debut, with “COOL” set to appear on his forthcoming album, SIDEQUEST.

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Katy Perry fans are counting down to the superstar’s Lifetimes Tour this summer (and her trip to space?) Whether you’re a “Katy Kat” on the hunt for the perfect pair to wear to a show, or a casual fan looking for ways to stay well-heeled in the meantime, her shoe line, Katy Perry Collections, has you covered. 

Making its debut in 2017, the collection brings the global popstar’s creative visions and stand-out style to life in a line that ranges from casual sandals and colorful sneakers to playful stilettos and sophisticated pumps.

Now, Katy Perry Collections has launched its spring/summer 2025 offerings. With on-trend seasonal styles like slingbacks, sandals with toe charms and mesh flats, and some very Perry accents (think disco ball heels and bejeweled eyeball charms), these shoes are the ideal way to show off your fandom in fashion.

Here are ShopBillboard’s picks for ten of the best Katy Perry shoes to pick up online right now.

Women’s Confidant Eye Slip-On Mules

$68.60 $98 30% off

Buy Now AT MACY’S

These adorable mules give any outfit a winking wow factor. Available in on-trend colors like Sea Kelp with a green bejeweled eye (seen here) or a Saddle Brown with a ruby red eye, they’re as quirky as they are chic, not to mention comfortable–with a half-inch heel, they’re easy to walk (or dance) in.

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Oceanside Flower Slip-On Sandals

$76.30 $109 30% off

Buy Now AT MACY’S

Great for the incoming hot temps, these just under three-inch thong sandals are a twist on a timeless style. Available in black, red and gold, they’re accented with a metallic flower charm to add a little petal power to your summer wardrobe.

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Rainbow Raffia Square Toe Sandals

$76.30 $109 30% off

Buy Now AT MACY’S

Boho is all the rage this season, and these open-toe, one-inch platforms with a four-inch heel are a stunning place to start. Rock them with a flowy dress or do as Katy would do, and pair them with short shorts for a cool girl warm weather vibe. They’re great for festival season looks too.

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The Laterr Round Toe Dress Sandals

$83.30 $119 30% off

Buy Now AT MACY’S

Forget wearing your heart on your sleeve, try rocking them on your shoes. These 3.5-inch slip-on heels make a vampy statement without going too over the top.

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x Hello Kitty Slide Sandal

$90.30 $129 30% off

Buy Now AT NORDSTROM

Calling all Katy Kats and Hello Kitty lovers! In honor of the 50th anniversary of Hello Kitty, the iconic character makes an appearance at the heel of these jewel-encrusted slide sandals. They’re a glittering way to pay homage to two dazzling divas. Choose from a black or red colorway.

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Trendygurl Wedge Heart Pump

$119.00

Buy Now On Amazon

Take a walk on the wild side with these mesh wedge pumps. The mesh trend is huge for summer, and this daring pair blends a mesh upper with a solid heel and adds a playful balloon heart ornament for a touch of whimsy–because it wouldn’t be Katy Perry without a little fun. A bonus: the mesh material keeps your feet cool in the heat.

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Evie High Square Toe Ballet Flats

$62.30 $89 30% off

Buy Now AT MACY’S

Delicate and dainty, these sweet slip-ons bring a touch of boho chic to the classic ballet flat thanks to embroidered daisy embellishments. Available in both black and white, they’re as appropriate for a festival as they are for lunch with the ladies.

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Wanderering Slip-On Sandals

$68.60 $98 30% off

Buy Now AT MACY’S

Everyone needs a woven shoe for spring, and this gorgeous low-heel raffia offering is the perfect pair. Available in three colors, the black and the natural are timeless choices, but we’re loving this on-trend pastel Sky Blue for 2025.

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Evie Mary Jane Flat

$53.40 $89.00 40% off

Buy Now On Amazon

A timeless pattern on a timeless style could sway boring, but not when it comes from the mind of Katy Perry. They’re gonna hear you roar in these chic leopard Mary Janes. 

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Loma Two-Strap Sandal

Baby you’re a firework in these pastel pumps with a disco ball–yes you read that right–disco ball heel. Steal the show and glow from your shoes up in two on trend shades: blossom and sky blue. 

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