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Sony Music’s Quarterly Streaming Revenues Burst Above $1bn For The First Time

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This article was published on October 28, 2021

Sony’s global recorded music business enjoyed a standout quarter in calendar Q3 – with streaming revenues surpassing the magic USD $1 billion mark during the three months to end of September.

That’s according to new fiscal results for Sony Music Group posted by its parent, Sony Group Corp, in Japan today (October 28) and analyzed by MBW.

It was the first time in history, according to MBW’s calculations, that Sony’s recorded music revenues from streaming have broken the quarterly $1 billion milestone.

Article link: https://www.musicbusinessworldwide.com/sony-musics-quarterly-streaming-revenues-burst-above-1bn-for-the-first-time/

Bobby Ju Named Managing Director Of Sony Music Korea

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Sony Music Entertainment Korea (SMEK) has named Bobby (Youngchan) Ju as the new Managing Director for the company.

Ju will now oversee the company’s operations in the country, building and strengthening strategic partnerships and growing SMEK’s local roster, which includes artists ranging from Kang Daniel to Oh My Girl and Dreamcatchers.

To read more click here: https://www.musicbusinessworldwide.com/__trashed/