Sony Music Entertainment has renewed its deal with Tencent Music for distribution in China. The conglomerate operates QQ Music, a very popular streaming service for the Asian market. Continue Reading
Playster has inked licensing deals for its planning streaming music revamp with Sony Music Entertainment, Warner Music Group, and The Orchard. B2B music specialists 7digital will be powering the redesigned platform. Continue Reading
Sony Music Entertainment’s latest quarterly results show the continued importance of streaming in the company’s financial health. Quarterly streaming revenue from audio and video sources increased 39% from the year-ago period to 30.67 billion yen ($300 million). Continue Reading
The National Music Publishers Association and the Nashville Songwriters Association International have moved to block Sony Music Entertainment from participating in the new round of Copyright Royalty Board proceedings. After setting webcasting rates for the 2016-2020 period, the CRB will next consider mechanical royalties that will apply to interactive music services for 2018-2022. Continue Reading
Brief news items and worthy reads from around the web: How the major labels kept control; podcasting as the new business tool; Radio France’s ongoing strike and media support. Continue Reading
Line, a social and messaging app based in Japan, has announced a new foray into streaming music. Thanks to a partnership with Sony Music and Avex Digital, the company will launch a service called Line Music. According to a brief news post on Line’s website, the three businesses are still working on the details of what Line Music will look like. Continue Reading
The world’s three biggest music labels — Warner Music Group (WMG), Universal Music Group (UMG), and Sony Music Entertainment — each invested $3-million in Shazam, a leading song-recognition app. The company has raised at least $92-million in the last three years. Continue Reading