Another billion-dollar quarter for Sony Music, as streaming revenues jump 27.4% year-on-year

Recorded music revenues rose 13.5% YoY in the quarter
The post Another billion-dollar quarter for Sony Music, as streaming revenues jump 27.4% year-on-year appeared first on Music Business Worldwide.

Sony is building a team ‘dedicated to reimagining music through immersive media’ – using Fortnite maker Epic Games’ Unreal Engine

Series of job vacancies spotted by MBW opens up more possibilities for ‘One Sony’
The post Sony is building a team ‘dedicated to reimagining music through immersive media’ – using Fortnite maker Epic Games’ Unreal Engine appeared firs…

Dream Life Records, headed by Dan Owusu, Lunick Bourgess and Shane Derozario, launched by Jason Iley at Sony Music UK

Jason Iley (Chairman and CEO, Sony Music UK & Ireland) has announced the launch of a new label, Dream Life Records, which will be run by three of the UK music industry’s rising stars, Dan Owusu, Lunick Bourgess and Shane Derozario. According to Son…

Sony Music Group boss Rob Stringer: ‘Whatever lies ahead, we will continue to put our employees, artists, and songwriters first.’

“Like every business affected by this crisis, we now know that the next 12 months will bring challenges. Nevertheless, I am confident that we have what it takes to overcome the headwinds we’re facing.”
The post Sony Music Group boss Rob Stringer: &#821…

Apple inks new global deal with Universal, Sony and Warner for music streaming

Deal does not include license for Apple Music and TV bundle
The post Apple inks new global deal with Universal, Sony and Warner for music streaming appeared first on Music Business Worldwide.

Coronavirus panic just wiped nearly $5bn off the combined value of Vivendi, Spotify and Live Nation… in a day

MBW monitors how ‘Black Monday’ has hammered music stocks around the world
The post Coronavirus panic just wiped nearly $5bn off the combined value of Vivendi, Spotify and Live Nation… in a day appeared first on Music Business Worldwide.

An acquisition you should care about: Pex buys music rights platform Dubset in $25m+ deal

“This acquisition will immediately expand rights holders’ abilities to locate, protect, and monetize use of their catalog”
The post An acquisition you should care about: Pex buys music rights platform Dubset in $25m+ deal appeared first on Music Busine…

It’s happened: The major labels are now generating over $1m every hour from streaming

MBW analysis shows that Universal saw recorded music streaming growth in excess of $600m in 2019
The post It’s happened: The major labels are now generating over $1m every hour from streaming appeared first on Music Business Worldwide.

Sony Music revenues grew by over $250m in calendar 2019, topping $4bn

Fine Line by Harry Styles was Sony Music’s biggest seller in calendar Q4 last year
The post Sony Music revenues grew by over $250m in calendar 2019, topping $4bn appeared first on Music Business Worldwide.