FRIDAY 4.26.19
Music Business News From Around The Web
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Category archives: Sony Music
Sony Music streaming revenues grew 8.2% last quarter, as overall sales hit $946m
Sony Music’s streaming revenues climbed 8.2% year-on-year in the three months to end of March 2019, as the company’s total recorded music sales reached $946.3m. The latter number represented a YoY decline of 6.5%, and was hampered by a 36.8…
Sony signed $250m distribution deal for Michael Jackson recordings in 2018 – report
Deal is for seven years, says reports
The post Sony signed $250m distribution deal for Michael Jackson recordings in 2018 – report appeared first on Music Business Worldwide.
Ben Harvey named President of Sony and Kygo JV, Palm Tree Records
SiriusXM presenter played key role in the early career of Kygo
The post Ben Harvey named President of Sony and Kygo JV, Palm Tree Records appeared first on Music Business Worldwide.
Five Artists File Two Class-Action Lawsuits Against Sony Music and UMG
Will Sony Music and Universal Music Group accept returning copyrights to artists? If so, will they face even more lawsuits? Two major labels have now come under fire in a New York courtroom. Five musicians have filed two separate class-action lawsuits…
Sony Music Brought in over $2 Billion in Streaming Revenue in 2018
Streaming music continues to boost Sony Music’s bottom line. Sony has released its financials for its full-year third fiscal quarter (FY Q3) of 2018. The three months ended December 31st, 2018. Last year, Sony Music (along with its labels) brought in …
Sony Music Powered Sony Corp To Record Q3, But Don’t Expect That To Happen In Q4
UPDATED: Global entertainment and electronics giant Sony reported a record $3.78B net profit in Q3. Sony’s film division grew and gaming struggled. The real star driving profits was music, but here were warning signs that Sony Music Entertainment is struggling, even as the overall music sector is soaring. Operating profits…
Sony Music streaming revenues topped $2bn in 2018, as total sales hit $3.9bn
Sony’s overall annual recorded music revenues in 2018 grew by 1.7%
The post Sony Music streaming revenues topped $2bn in 2018, as total sales hit $3.9bn appeared first on Music Business Worldwide.
R. Kelly may have been ‘dropped’ – but he’s still making nice money from streaming
The singer/songwriter’s reputation is in tatters – but he’s still coining it in from his back catalog
The post R. Kelly may have been ‘dropped’ – but he’s still making nice money from streaming appeared first on Music Business Worldwi…
Logic manager Chris Zarou launches Sony Music imprint, Visionary Records
Zarou is the founder and CEO of artist management company Visionary Music Group
The post Logic manager Chris Zarou launches Sony Music imprint, Visionary Records appeared first on Music Business Worldwide.