NCT 127
As Music Stocks Keep Slipping, This One K-Pop Company Is Bucking the Trend
South Korean music company SM Entertainment, home to such groups as NCT 127 and SuperM, stands apart in a competitive music business for withstanding stock market downturns that have hit all other publicly-traded music companies. Since December, stocks have been on a downward trend, sparked by the Federal Reserve’s intention to raise the federal funds rate to prevent the economy from overheating and rein in inflation. And while music is often said to be recession-proof, music companies’ stocks are not immune from larger economic trends and investors’ desires for safer options during chaotic times. Even though the global music industry is posting double-digit revenue growth, the share prices of publicly traded music companies have followed the broader trends and stumbled in the face ...
NCT 127’s Next Album Is Arriving Sooner Than You Think
Attention, NCTzens! NCT 127 announced Monday (Aug. 8) that they’ll release a new album this September. The yet-untitled studio set will be the K-pop act’s fourth album following Sticker: The Third Album, which was released in September and notched the group their third No. 1 on the Top Album Sales chart before it was repackaged the following month as Favorite. In its two different forms, the LP was supported by the title track and second single “Favorite (Vampire).” Not much is known yet about the forthcoming studio effort, including its title, track list or exact release date courtesy of SM Entertainment and Capitol Records. But in a release, the idols teased that they will kick off the era with a pair of electrifying shows in Los Angeles and New York City — their first live performances ...
