Sony Music Group (SMG) chairman Rob Stringer touted a strong fiscal year (for the period between April 1, 2020 and March 31, 2021) and revealed plans to expand the company’s Legacy Unrecouped…
On the publishing front, Sony Music Publishing retained its No. 1 position, which its held worldwide since 2012. SMP writers averaged 33% of the weekly share of Spotify’s global top 100, up from 27% in 2020. Chief among them: Olivia Rodrigo , whose album “Sour” was an unstoppable mover in 2021 .
Using Spotify as a barometer, Sony’s weekly share of the platform’s worldwide top 100 tracks ticked up only slightly to 36.1%, but its part of Spotify’s worldwide top ten jumped nearly 10% to 48.5%, up from 39% the previous fiscal year. Recapping the company’s acquisitions and strategic investments, Stringer listed its majority stake in hip-hop label Alamo, home to Lil Durk; SMG’s purchase of dance music label Ultra “which has been very profitable for us over the years,” he noted; the recent final regulatory approval for artist services concern AWAL, which specializes in independent artists and DIY distribution; and Brazil’s top label Som Livre.
But perhaps most significant are Sony’s plans going forward in its promise to be a creator-friendly company “searching for the most principled ways” to represent talent. That includes its bold step to wipe out unrecouped balances for artists signed prior to 2000, an initiative that will expand to include qualifying artists who have been signed to the label for more than 20 years.
In its effort to do right by its artists and songwriters, Sony’s Artists and Songwriters Forward and Artist and Songwriter Assistance programs will continue to offer transparency and mental health services. “We believe in the wellbeing of our artists and songwriters,” said Stringer. “We want to lead by example.”
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Rob Kardashian absence from Kourtney and Travis Barker's wedding explainedThe only Kardashian brother was nowhere to be seen when Kourtney and Travis tied-the-knot at a lavish ceremony in Italy over the weekend – and the reason for his absence has finally been revealed
Leer más »
Rob Reiner Reacts to Being on Russia’s Ban List'The Princess Bride' director is one of 963 Americans on the country's 'permanent' travel ban list.
Leer más »
Why Rob Kardashian Skipped Kourtney and Travis' WeddingRob Kardashian was noticeably absent from his sister Kourtney Kardashian’s wedding to Travis Barker. Why he didn't attend:
Leer más »
Must Read: Bad Bunny Covers 'GQ,' Doja Cat Fronts 'Elle'Plus, Chanel is opening private stores for top clients.
Leer más »
Harry Styles Embraces Wet Leg's Post-Punk Cheek With 'Wet Dream' CoverStyles performed the song, and three tracks from Harry’s House, on BBC Radio One’s Live Lounge
Leer más »
Harry Styles’ New Album ‘Harry’s House’ Breaks A Vinyl Sales RecordI'm a breaking news reporter focusing on arts and entertainment. I previously worked as a features reporter at the New York Post, where I covered pop culture, and at the Boston Globe and Boston.com I graduated from Emerson College in 2017 with a degree in journalism. Follow me on Twitter MarisaDellatto or reach out at mdellattoforbes.com.
Leer más »