Sony Music UK has promoted Adam Cardew for a newly-created post, vice president of podcasting and creative strategy. After acting as a digital director, Cardew’s new position will see him leading the podcast division’s growth, including launching a series of innovative, artist-led shows. Continue Reading
Sony posted another strong period for its second fiscal quarter. The whole music division had quarterly sales of $2.04 billion (219.28 billion yen), on operating profit of $349 million (37.48 billion yen). Continue Reading
Sony is reorganizing the branches of its music operation. Effective August 1, the company will unite Sony Music Entertainment and Sony/ATV Music Publishing under the single banner of Sony Music Group. Continue Reading
Sony has reported its earnings for its fiscal year ending March 31, and streaming helped bolster growth for the company’s music division. Overall, Sony Music saw a 12% increase in revenue to $4.03 billion. Continue Reading
Sony Music has signed a deal with Dubset, a startup that helps with the management of rights in remixes and DJ sets. This agreement will allow artists to monetize their work when it is used in those modified formats, while the creators of those remixes and sets can be legally distributed to Apple Music and Spotify. Continue Reading
Sony is reportedly in the final stages of a deal to purchase Believe Digital. According to Nikkei, Sony plans to pay an estimated 40 billion to 50 billion yen ($355 million to $444 million) for the distributor and label services company. Update: Believe Digital CEO denies Nikkei reporting. Continue Reading
Spotify has reportedly reached a licensing agreement with Sony Music Entertainment. Unnamed sources told Billboard that the streaming service has inked its second major label deal this year, after announcing an agreement with Universal Music Group in April. Representatives for both Spotify and Sony have declined to comment thus far on the rumored development. Continue Reading
Sony Music is opening an in-house vinyl-pressing plant. The new facility could open as soon as March 2018. The announcement marks Sony’s return to vinyl operations after nearly three decades; the label had shuttered its last vinyl operations in 1989. Continue Reading
Sony reported its financial results from the second quarter, with the parent company posting some declines while its music division recorded growth. Sony Music Entertainment reported revenue up 8% on-year to 150 billion yen ($1.49 billion). Continue Reading
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
The legal definition of a stream is currently under a microscope in a lawsuit filed by 19 Recordings. The plaintiff, which represents the winners of reality TV competition American Idol, alleged that its clients have been shortchanged on revenue because of how Sony defines a stream in contracts. Continue Reading
Sony Music UK has acquired Ministry of Sound Recordings. The artist division is an arm of the dance music entertainment business that began with the London nightclub of the same name. Continue Reading