Take a look inside Sony Music’s impressive new China HQ in Beijing

““Our new home in Beijing reinforces Sony Music’s investment in the fast-paced China market and our goal to take our local artists beyond China and place them on a regional and world stage.”
The post Take a look inside Sony Music’s impressive new…

Why, in a post-Tencent/Universal world, the three major music companies are worth nearly $90bn

MBW estimates that Universal, Sony and Warner are now collectively worth just shy of $89bn
The post Why, in a post-Tencent/Universal world, the three major music companies are worth nearly $90bn appeared first on Music Business Worldwide.

Big changes at Sony Music in West Africa: ‘Banko’ Lloyd arrives as GM Michael Ugwu departs

Ugwu has been GM at African label outpost since 2016
The post Big changes at Sony Music in West Africa: ‘Banko’ Lloyd arrives as GM Michael Ugwu departs appeared first on Music Business Worldwide.

The major labels are close to generating $1m from streaming every hour – but global growth is actually slowing down

MBW analysis shows that global major label streaming revenue growth slowed by 19.1% YoY in the first six months of this year
The post The major labels are close to generating $1m from streaming every hour – but global growth is actually slowing down ap…

Sony Music launches Famouz Records – a new JV label in Germany with Stefan Dabruck and Frank Klein

“We intend [for] Famouz Records [to] release successful pop music that causes sensations far beyond the German market.”
The post Sony Music launches Famouz Records – a new JV label in Germany with Stefan Dabruck and Frank Klein appeared first on Music …

Sony Music’s Masterworks acquires majority stake in UK concert promoter Senbla

Senbla works across more than 200 concerts and shows per year throughout the UK
The post Sony Music’s Masterworks acquires majority stake in UK concert promoter Senbla appeared first on Music Business Worldwide.

Sony Music’s Q1 2019 — $1.02 Billion in Recorded Music Revenue and $348.5 Million in Operating Income

Sony Music Entertainment has published the earnings for its Q1 2019 fiscal year. Earlier this year, in its Q4 2018 (our calendar Q1 2019) report ending March 31st, 2019, Sony Music brought in ¥104.4 billion ($946.3 million) in recorded music revenue, d…

The birth of Sony Music Group creates a joined-up superpower at the heart of the music business

MBW estimates that SMG will turn over more than $5bn each year, including Japan
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Rob Stringer to run new Sony Music Group, housing publishing and records, from August 1

Jon Platt  will report to Stringer
The post Rob Stringer to run new Sony Music Group, housing publishing and records, from August 1 appeared first on Music Business Worldwide.

The music industry is tackling streaming fraud with a pointless ‘Code’. It won’t work… but these ideas might.

Penalties for artists, penalties for staff, more funding – why wasn’t any of this in the industry’s own policies?
The post The music industry is tackling streaming fraud with a pointless ‘Code’. It won’t work… but these ideas mi…