: From Taylor Swift and Beyoncé to blockchain and AI: Music ETF CEO eyes the next big thing

by | Oct 4, 2023 | Stock Market

2023 has been a big year for live music, driven by the phenomenal success of Taylor Swift’s Eras tour, Beyoncé’s Renaissance tour and, last week, U2’s eagerly-anticipated opening of new Las Vegas venue Sphere. This year also marked the culmination of Elton John’s Farewell Yellow Brick Road tour. Fellow music icon Bruce Springsteen has also been on the road, although The Boss had to postpone his remaining 2023 tour dates until 2024 as he recovers from peptic ulcer disease.

David Schulhof, founder and chief executive of the MUSQ Global Music Industry ETF
MUSQ,
told MarketWatch that he’s not at all surprised by the level of attention that these tours have garnered. “People really want live music,” he said. “There’s nothing that can replicate the live-music experience.” Related: Sphere Entertainment’s stock climbs after Sphere venue opens with stunning U2 concert The MUSQ ETF, which was launched in July, has about 50 holdings, spanning streaming, content and distribution, live music, satellite and broadcast, and equipment and technology. One of the fund’s top holdings is Sphere Entertainment Co.
SPHR,
+1.96%,
owner of Sphere, the new 360-foot-tall immersive concert and entertainment venue in Las Vegas. Irish rock giants U2 kicked off a 25-show residency at Sphere on Friday with a stunning concert. “It’s just really exciting for live music — anybody that really enjoys live music is really going to enjoy this venue,” Schulhof told MarketWatch. Buoyed by Friday’s opening, Sphere shares ended Monday’s session up 11.11%, the …

Article Attribution | Read More at Article Source

[mwai_chat context=”Let’s have a discussion about this article:nn2023 has been a big year for live music, driven by the phenomenal success of Taylor Swift’s Eras tour, Beyoncé’s Renaissance tour and, last week, U2’s eagerly-anticipated opening of new Las Vegas venue Sphere. This year also marked the culmination of Elton John’s Farewell Yellow Brick Road tour. Fellow music icon Bruce Springsteen has also been on the road, although The Boss had to postpone his remaining 2023 tour dates until 2024 as he recovers from peptic ulcer disease.

David Schulhof, founder and chief executive of the MUSQ Global Music Industry ETF
MUSQ,
told MarketWatch that he’s not at all surprised by the level of attention that these tours have garnered. “People really want live music,” he said. “There’s nothing that can replicate the live-music experience.” Related: Sphere Entertainment’s stock climbs after Sphere venue opens with stunning U2 concert The MUSQ ETF, which was launched in July, has about 50 holdings, spanning streaming, content and distribution, live music, satellite and broadcast, and equipment and technology. One of the fund’s top holdings is Sphere Entertainment Co.
SPHR,
+1.96%,
owner of Sphere, the new 360-foot-tall immersive concert and entertainment venue in Las Vegas. Irish rock giants U2 kicked off a 25-show residency at Sphere on Friday with a stunning concert. “It’s just really exciting for live music — anybody that really enjoys live music is really going to enjoy this venue,” Schulhof told MarketWatch. Buoyed by Friday’s opening, Sphere shares ended Monday’s session up 11.11%, the …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]

Share This