Sony Music have completed their purchase of Kobalt’s AWAL and Kobalt Neighbouring Rights for $430 million.
A fairer deal for the music industry in China? Tencent loses exclusive licensing agreement with Sony Music as NetEase Cloud Music and Sony sign a new distribution deal.
Sony Music saw its annual streaming revenues jump by 19.5% ($467m) by the end of 2020.
If anyone’s worried the rise of music streaming is causing a drop in revenue they can take comfort in Sony’s new financial report, showing soaring profits. Sony Music have released their quarterly report for April…