and create new value for the company,” Yoshida wrote, emphasizing that “we felt it was particularly important at this juncture for Sony to take proactive steps to sustain its leadership position” because of the rapid pace of transformation in the music business thanks to music-streaming services. Read his full letter below.
The rise of streaming services alongside other changes in the market has transformed our music business and created more opportunities for growth than ever before.
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Sony Unites Recorded Music and Publishing Under One CompanySony has created Sony Music Group, an umbrella for both its recorded-music operation — Sony Music Entertainment — and its publishing company — Sony/ATV — under Rob Stringer, according to an interna…
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