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..
Read more on variety.com
Celebsbar.com is a large online platform sharing celebrity gossip and latest showbiz news. Exclusive interviews, fresh photos and videos, breaking news, scandals and more is waiting for you here.
Stay tuned to know everything you wish about your favorite stars 24/7.
Check our daily updates and make sure you don't miss anything about celebrities' lives.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.