Category archives: Sony Music Entertainment

Streaming Pushes Sony Music’s Revenue Over $4 Billion

Thanks to streaming, Sony Music CEO Rob Stringer had a great first year. Sony Corporation has published its earnings report for the 2017-2018 fiscal year ending March 31st, 2018.  The company’s music division brought in ¥447 billion ($4…

Breaking: Epic Records Chairman & CEO Antonio ‘L.A.’ Reid Exits

Epic Records Chairman & CEO Antonio ‘L.A.’ Reid is abruptly departing Sony Music Entertainment, according to reports circulating Thursday. Longtime major label executive Antonio ‘L.A.’ Reid is now exiting Epic Records, a division of Sony Music Entertainment.  Variety first reported the departure, though reasons for the abrupt exit are unknown. At present, Sony Music Entertainment […]

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Why do major artists keep on breaking in Germany?

Sony Music Entertainment GSA CEO Philip Ginthör discusses how Germany’s structure makes it ripe for breaking new acts

The post Why do major artists keep on breaking in Germany? appeared first on Music Business Worldwide.

Sony Music Entertainment Posts an Increase In Revenue Led By Strong Streaming Sales

Sony Music Entertainment released their first quarterly earnings report from April 1 to June 30, beating out analyst’s expectations in posting an 8.7% increase in sales to $1.374 billion. This is a strong increase from the same quarter last year, when Sony reported $1.27 billion in sales. At the same time, however, they also reported […]

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Sony Music Files Lawsuit Against Rdio Execs Over Unpaid Royalties

Sony Music has filed a lawsuit in New York Federal Court against senior executives of bankrupt Rdio, according to The Hollywood Reporter. Sony Music alleges that they were defrauded of millions when Rdio entered into an agreement with Pandora. What happened? Sony and Rdio entered an agreement in 2010, which allowed Rdio to use music […]

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