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10 Takeaways From Sony Music Group’s 2020 Review and Future Forecast

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variety.com

Sony Music Group saw significant gains to its bottom line in 2020. That was the upshot of the company’s 2021 presentation to investors, held on May 27.

The New York-based division of Tokyo’s electronics giant, led by chairman Rob Stringer (pictured), covers music in all territories except Japan, and it’s been thriving, albeit ever-so-slightly under the radar.If anything, SMG has spent the last three years under Stringer, growing its M&A and fortifying existing alliances, like that of The Orchard, which Sony acquired fully in 2015 — in retrospect, for a song.

More recent acquisitions include AWAL, which offers artist services to independent musicians; Beatstars, a marketplace for cleared beats and sounds; and Kobalt’s neighboring rights arm..

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