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# A Bad Day For Music On Wall Street
- URL: https://www.hypebot.com/it-was-a-bad-day-for-music-on-wall-street/
- Published: 2009-01-30T04:44:37.000Z
- Updated: 2009-01-30T04:44:37.000Z
- Description: The sinking economy dragged U.S. stocks down 3.3% on Thursday, and some companies in the music sector took even deeper dives. Warner Music Group fell 4.6% to just 10 cents. Continue reading [https://www.hypebot.com/hypebot/2009/01/it-was-a-bad-day-for-music-on-wall-street.html]
- Author: Bruce Houghton
- Tags: Uncategorized, #wp, #wp-post, #Import 2026-01-21 11:03

[![Down arrow red](http://hypebot.typepad.com/.a/6a00d83451b36c69e2010536fa4e9a970b-200wi "Down arrow red")](http://hypebot.typepad.com/.a/6a00d83451b36c69e2010536fa4e9a970b-pi?ref=hypebot.com)

  
The sinking economy dragged U.S. stocks [down 3.3%](http://finance.yahoo.com/marketupdate/overview?u&ref=hypebot.com) on Thursday, and some companies in the music sector took even deeper dives.

Warner Music Group fell 4.6% to just 10 cents above its all time low of $2.00\. Live Nation dropped a whopping 13.8% despite naming a strong new international executive team. Real was down 4.8% and a recently reorganized Ticketmaster did not benefit from any of the famous Azoff magic falling 8.2%. Alliance Distribution's parent Source Interlink fell another 15.3% to end the day at a mere 10 cents as bankruptcy rumors swirled.

Of the major music stocks, only The Orchard bucked the downward trend rising 7.95%. If early morning Asian markets are any indication, the downward spiral may continue today.

**You'll find a quick snapshot of current music stock activity in a Forbes widget in [Hypebot](http://hypebot.com/?ref=hypebot.com)'s upper right corner.**