WMG, Sony stock get ‘UMG bump’ as Universal soars 36% on IPO
[UPDATED] Universal Music Group soared 35.68% on Tuesday as the new stock debuted on the Euronext Amsterdam exchange. By day’s end, UMG’s valuation had grown to more than $52 billion,. Continue reading
Sony Music Pub CEO Jon Platt on the post-pandemic state of music and ‘leaning into the discomfort’
Sony Music Publishing CEO Jon Platt is interviewed by Larry Miller, the host of the Musonomics podcast and Director of the Music Business Program at NYU Steinhardt. By: Hannah O. Continue reading
Read Sony Music’s letter promising to pay royalties to thousands of unrecouped musicians
On Friday, Sony Music sent a letter to thousands of artists who were not being paid royalties because they had not recouped their advances. Sony Music will now start paying. Continue reading
Sony Acquires AWAL, Kobalt Neighboring Rights
AWAL, which built a reputation as a safe harbor for independent artists seeking true global reach, is now owned by Sony, the world’s second largest music group. Sony Music Entertainment. Continue reading
Sony Sells $750M Spotify Stock, Will Artists Get Fair Share?
Sony has sold half its 5.7% stake in Spotify, Sony Corp. CFO Hiroki Totoki told Wall Street yesterday. At Spotify's average stock price, the sale netted Sony more than $750. Continue reading
MondoTunes Offers Free Distribution To Lure Back Musicians
[UPDATED] In 2015, MondoTunes offered something revolutionary – free music distribution to the major services. Months later, the company came under fire after it changed the terms. Now MondoTunes, which. Continue reading
Independent Music Labels Capture Growing 38.4% Market Share Thanks To Streaming
[UPDATED] A new study commissioned by the Worldwide Independent Network (WIN) looks at the global market share of independent music labels based on copyright, rather than distribution, and reveals a. Continue reading
