MUSQ Global Music Industry Index ETF

28.64

+0.00480.02%

Volume:850.00

Turnover:24.58K

Market Cap:24.63M

PE:- -

High:28.99

Open:28.99

Low:28.64

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How Taylor Swift and Beyoncé fans could fuel a fresh meme-stock frenzy with music ETFs

Dow Jones

·

23 Nov 2024

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As the co-founder of the company that became GameStop Corp., Gary Kusin knows a thing or two about building a fiercely loyal customer base.In 2021, he watched on as the meme-stock frenzy swept up the struggling videogame retailer. The phenomenon sent shares of GameStop  skyrocketing, and Kusin highlights the role played by the company's intensely loyal fans. The company's customers \"were not going to let a store that was a part of their lives, and remains a part of their lives, go away,\" he told MarketWatch. Kusin left Babbage's, which later became GameStop, in 1995, and currently has no stake in the videogame retailer.The numbers behind Taylor Swift's success are certainly eye-watering. Her epic Eras tour, which began in March 2023 and ends in Vancouver on Dec. 8, grossed over $1 billion by the end of last year, according to concert trade publication Pollstar. 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