Japan's Sony sells music business in Russia -Nikkei

TOKYO : Japan's Sony Group Corp has sold the Russian branch of its music business given heightened human rights concern over the Ukraine conflict and business difficulties as Western sanctions against Russia tighten, the Nikkei reported on Monday.

The technology and entertainment group sold the business and transferred affiliated musicians to a local firm for an undisclosed sum, the Nikkei reported. Sony - like many multinational companies - suspended all business operations in Russia earlier this year following that country's invasion of Ukraine. Russia calls its actions in Ukraine a"special operation".

Other businesses managed by Sony in Russia, such as gaming and movies, remain suspended, the Nikkei said.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Japan govt, automakers to discuss industry's future as early as October -KyodoTOKYO : Japanese industry minister Yasutoshi Nishimura said he hopes to hold a meeting by the government and the heads of automakers to talk about the future of the automobile industry as early as next month, Kyodo news agency said on Sunday.'The automobile industry is entering a period of major transform
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »