Sony Music Cashed In More Than $260 Million Worth of Spotify Shares in IPO

Sony Music Entertainment sold 17.2% of its shares in Spotify on Tuesday, yielding a gain for the label of $260 million or more, according to a notice Sony shared with investors. At the time of Spotify’s initial public offering, Sony Music Entertainment owned 5.7% of Spotify’s outstanding shares, or 10.16 million shares. SME did not […]

Sony Music Entertainment sold 17.2% of its shares in Spotify on Tuesday, yielding a gain for the label of $260 million or more, according to a notice Sony shared with investors. At the time of Spotify’s initial public offering, Sony Music Entertainment owned 5.7% of Spotify’s outstanding shares, or 10.16 million shares. SME did not […]

Study Reveals Huge Gender Gap in Pay, Rank at British Major Labels

Companies and organizations that employ 250 or more people in the United Kingdom were legally required to reveal their gender pay gaps by April 4, and the results have been sobering for the music industry, according to reports in Music Business Worldwide and Music Week. Universal, Sony and Warner’s UK companies submitted statistics that show […]

Companies and organizations that employ 250 or more people in the United Kingdom were legally required to reveal their gender pay gaps by April 4, and the results have been sobering for the music industry, according to reports in Music Business Worldwide and Music Week. Universal, Sony and Warner’s UK companies submitted statistics that show […]

Columbia Records Names Justin Eshak and Imran Majid Co-Heads of A&R

Columbia Records has promoted Justin Eshak and Imran Majid (pictured right and left above, respectively) to co-heads of A&R, the label’s new chairman/CEO Ron Perry announced today. Both will hold the title of Executive Vice President, Co-Head of A&R and report to Perry; previously, both executives held the title of Senior Vice President, A&R for […]

Columbia Records has promoted Justin Eshak and Imran Majid (pictured right and left above, respectively) to co-heads of A&R, the label’s new chairman/CEO Ron Perry announced today. Both will hold the title of Executive Vice President, Co-Head of A&R and report to Perry; previously, both executives held the title of Senior Vice President, A&R for […]

Jack Antonoff Says He’s Asked His Label, RCA, to Drop R. Kelly ‘A Number of Times’

In the wake of a new round of sexual-abuse allegations against R. Kelly, Bleachers frontman and hitmaker Jack Antonoff tweeted that he hopes his label, RCA drops the veteran R&B singer, adding “I’ve discussed it with them a number of times.” Both artists are signed to the label; Kelly has been on RCA since Jive, […]

In the wake of a new round of sexual-abuse allegations against R. Kelly, Bleachers frontman and hitmaker Jack Antonoff tweeted that he hopes his label, RCA drops the veteran R&B singer, adding “I’ve discussed it with them a number of times.” Both artists are signed to the label; Kelly has been on RCA since Jive, […]

Sony Music Overhauls Legacy Label to Adapt to Streaming World (EXCLUSIVE)

During the second half of the 1980s, the arrival of the compact disc turned the music business into a money-spinning juggernaut, with the format moving from essentially zero early in the decade to 400 million units produced in 1988 alone. But that explosive growth was driven less by superstars of the era — although Whitney […]

During the second half of the 1980s, the arrival of the compact disc turned the music business into a money-spinning juggernaut, with the format moving from essentially zero early in the decade to 400 million units produced in 1988 alone. But that explosive growth was driven less by superstars of the era — although Whitney […]

Sony Music Generates Nearly $4 Billion in 2017, Streaming Up 32%

The Sony Corporation’s music operations reported a $350 million in operating income on revenues of $1.9 billion for the company’s fiscal third quarter, it announced early Friday morning. Recorded music accounted for $1.14 billion, visual media & platform brought in $599 and Sony/ATV Music Publishing $162 million), accounting for double-digit growth in all three categories. […]

The Sony Corporation’s music operations reported a $350 million in operating income on revenues of $1.9 billion for the company’s fiscal third quarter, it announced early Friday morning. Recorded music accounted for $1.14 billion, visual media & platform brought in $599 and Sony/ATV Music Publishing $162 million), accounting for double-digit growth in all three categories. […]

Patrick Mushatsi-Kareba Named to Top Sony Music Post in Germany, Switzerland and Austria

Patrick Mushatsi-Kareba has been named CEO for Sony Music Entertainment (SME), Germany, Switzerland and Austria (GSA). He’ll report to Daniel Lieberberg, SME president for Continental Europe and Africa. Mushatsi-Kareba is a veteran of Apple, where he oversaw music markets in Germany and Austria and later Italy, Switzerland and PAN-EU. He joined Universal Music Germany in 2016 where […]

Patrick Mushatsi-Kareba has been named CEO for Sony Music Entertainment (SME), Germany, Switzerland and Austria (GSA). He’ll report to Daniel Lieberberg, SME president for Continental Europe and Africa. Mushatsi-Kareba is a veteran of Apple, where he oversaw music markets in Germany and Austria and later Italy, Switzerland and PAN-EU. He joined Universal Music Germany in 2016 where […]