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...BMG is the world’s fourth-largest music label — but lags far behind the top three “majors”, Universal, Sony and Warner. The company earned revenues of €905mn in 2023, up 4.5 per cent year on year....
...Beyoncé, who is signed with Universal’s rival Sony, seems to have benefited from the stand-off....
...Warner in 2021 agreed to buy hip-hop label 300 Entertainment for more than $400mn, as well as Russian indie label Zhara Music. Sony Music in 2021 paid $430mn to buy independent music company AWAL....
...Sony’s publishing arm has administered West’s music for years....
...Masuch said BMG, as well as big labels Universal, Sony and Warner, have an advantage over investors who have entered the space....
...Challenged by shrinking CD sales and online piracy, Sony had merged with BMG Music, then owned by Germany’s Bertelsmann, in 2004, leaving the two management teams almost immediately in conflict....
...BMG has built an eclectic catalogue of artists since it sold its original business to Sony, including Iron Maiden, Boy George and Alt-J....
..., movie and music divisions....
...The major record labels — Universal, Sony and Warner — earn money by taking a cut of revenue from streams and album sales from a stable of thousands of musicians....
...As the Berlin-based music group BMG was bargaining over the terms of the sale of its record label to Sony 15 years ago, executives at the New York-headquartered entertainment giant could not understand why...
...“We are trying to expand our portfolio and create a system based on strong IPs like Universal Music, Warner Music and Sony to compete better on the global stage,” said Park....
...They were recruited in 2019 by Sony Music to provide spin-off songs to short stories posted on a social media site....
...entertainment companies.”...
...BMG, which is a European rival to the US music groups of Universal, Warner and Sony, said that the appointment would bring forward a long-planned change of leadership at the division that had originally...
...Sony is hoping to capitalise on the rapid expansion expected in the film, games, music and animation industries over the next few years, with Boston Consulting Group projecting that the entire industry in...
...On behalf of 17 music publishers including Sony Music Group and Universal Music Publishing Group, the National Music Publishers’ Association filed a suit in the federal district court of Nashville alleging...
...The music hasn’t died off entirely....
...Sony, which is now more famous for its entertainment business and PlayStation games than the Walkman portable music player, is ranked third while semiconductor equipment maker Tokyo Electron is fifth....
...Jason Iley, chair and chief executive of Sony Music UK, pokes his head around the door to issue congratulations....
...We think of companies like Toyota, of course, in the auto sector, you think of SoftBank in tech and Sony obviously in entertainment....
...In the past five years, Sony has gone on an acquisition spree to expand its entertainment assets, buying EMI Music Publishing for $2.3bn and spending $1.2bn to acquire AT&T’s anime streaming service Crunchyroll...
...Bertelsmann reported record revenues for 2022 as Europe’s largest media group generated strong growth in its services, education, entertainment and music businesses....
...has a packed-out Prom under her belt, a forthcoming album on Sony Classical, and half a million followers on TikTok....
...Warner Bros Discovery, which has slashed costs over the past year, is in talks to sell a stake in its soundtrack catalogue to Sony Music, according to people familiar with the matter....
...Sony has promoted its chief financial officer Hiroki Totoki to president and chief operating officer, in a move seen as lining him up to be the future head of the entertainment and consumer electronics group...
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