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Backstreet Boys Unlock New Pop Possibilities at Sphere: Pop Shop Podcast
Music

Backstreet Boys Unlock New Pop Possibilities at Sphere: Pop Shop Podcast

by jummy84 August 26, 2025
written by jummy84

As the first pop headliner at the Las Vegas Sphere, Backstreet Boys were able to bring a brand-new sense of fun, nostalgia and Y2K whimsy to the cutting-edge venue.

Onstage at their Into the Millennium residency — which began last month and wrapped its first wave on Sunday night (before kicking off 14 additional dates starting in December) — BSB promised to put the crowd into a “time machine” back to the late-’90s heyday of boy bands and bubblegum pop. Katie was in the orb for the 21st show over the weekend, and on the new Billboard Pop Shop Podcast, she tells Keith all about her spaceship ride back to the turn of the millennium.

After witnessing visual feats from U2, Eagles and Dead & Company, the thing that stuck out the most to Katie was how fun this go-round at the Sphere was — especially the boy band’s use of the rumbling seats and floor for big-bang moments and the way the group’s trademark choreography was blown up to supersize on the floor-to-ceiling screen, highlighting all the dance moves we learned in our living rooms while watching MTV’s TRL.

Hear our full discussion about the Backstreet Boys spectacle on the podcast below:

Also on the show, as Morgan Wallen sits tight at No. 1 on the Billboard 200 albums chart, Conan Gray and Billie Eilish shake up the top 10, while Taylor Swift’s The Tortured Poets Department returns to the top 10 in the wake of the news of her forthcoming album. Plus, on the Billboard Hot 100 songs chart, we now have four songs from the KPop Demon Hunters soundtrack in the top 10. When was the last time a soundtrack had four top 10s? And has any soundtrack ever had four hits in the top 10 at the same time?

The Billboard Pop Shop Podcast is your one-stop shop for all things pop on Billboard‘s weekly charts. You can always count on a lively discussion about the latest pop news, fun chart stats and stories, new music, and guest interviews with music stars and folks from the world of pop. Casual pop fans and chart junkies can hear Billboard‘s executive digital director, West Coast, Katie Atkinson and Billboard’s managing director, charts and data operations, Keith Caulfield every week on the podcast, which can be streamed on Billboard.com or downloaded in Apple Podcasts or your favorite podcast provider. (Click here to listen to the previous edition of the show on Billboard.com.)

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August 26, 2025 0 comments
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Live Nation Stock Hits Record, Sphere Entertainment Posts Big Gain
Music

Live Nation Stock Hits Record, Sphere Entertainment Posts Big Gain

by jummy84 August 23, 2025
written by jummy84

Gains by some live entertainment stocks and solid performances by multi-sector companies were overshadowed this week by German concert promoter CTS Eventim’s double-digit decline and a more modest single-digit drop from Spotify.

CTS Eventim shares fell 16.6% to 81.20 euros ($95.18) this week following Thursday’s mid-year results that showed a sharp decrease in adjusted EBITDA despite the concert promoter achieving record revenue. Numerous analysts reacted by decreasing their price targets. The most drastic revision came from Oddo BHF, which reduced its price target to 86 euros ($100.81) from 117 euros ($137.15) and downgraded its rating to “neutral” from “outperform.” 

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In addition, Bernstein lowered its CTS Eventim price target to 100 euros ($117.22) from 104 euros ($121.91) and maintained its “outperform” rating. Deutsche Bank dropped its price target to 109 euros ($127.77) from 117 euros ($137.15) but kept its “buy” rating. MWB Research lowered its price target to 100 euros ($117.22) from 105 euros ($123.08) and upgraded its rating to “buy” from “hold.”

The Billboard Global Music Index (BGMI) dropped 2.6% to 3,023.51, breaking a two-week winning streak and lowering the index’s year-to-date gain to 42.3%. Winners outnumbered losers 10 to 8, and one company, Deezer, was unchanged. 

Major indexes were mixed this week. In the U.S., the Nasdaq fell 0.6% and the S&P 500 gained 0.3%. The U.K.’s FTSE 100 improved 2.0%. South Korea’s KOSPI composite index dropped 1.8%. China’s Shanghai Composite Index rose 3.5%. 

Other than CTS Eventim, live entertainment companies posted solid gains. Live Nation reached a new record of $166.54 on Friday and closed at $165.72, up 3.0%. Earlier in the week, MoffettNathanson initiated coverage of Live Nation with a $195 price target and Wolfe Research increased its price target to $177 from $173. 

The two Dolan family-controlled live entertainment companies bounced back from an off week. MSG Entertainment was the week’s biggest gainer, rising 6.8% to $39.33. Sphere Entertainment Co. rose 6.5% to $42.46. A week earlier, MSGE shares fell 3.1% after the company’s earnings announcement revealed a 74% decline in fiscal year net profit and Sphere Entertainment shares fell 1.0% following second quarter earnings. 

Music streaming companies produced more losers than winners. Spotify fell 5.4% to $692.99, lowering its gain in 2025 to 48.5%. LiveOne slipped 6.3% to $0.60. Tencent Music Entertainment dropped 0.8% to $25.35, although it’s still up 127.4% this year. Netease Cloud Music gained 2.5% to 287.00 HKD ($36.73), bringing its year-to-date gain to 155.8%. 

Multi-sector companies’ stocks performed well, with Reservoir Media (up 5.1%), Warner Music Group (up 3.8%), HYBE (up 0.7%) and Universal Music Group (up 0.6%) posting gains. SM Entertainment and JYP Entertainment fell 2.8% and 2.9%, respectively  

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August 23, 2025 0 comments
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