Sony Music Entertainment In The News
News SME, through Sony Music Entertainment Hong Kong, agreed to acquire a 49% stake in YeaH1-owned 1Label for an undisclosed sum last month. News Fox succeeds the DEAG-backed company's founder Stuart Galbraith, who will focus on parent company KMJ. News Pirate group accused of 'brazen theft of millions of files containing nearly all of the world's commercial sound recordings.' News The deal includes terms intended to protect what the companies called “the value of human artistry.” News Successful candidate will 'define and lead how artists engage with Udio at a pivotal moment in the company’s growth' News Porritt, who brings over a decade of experience in A&R, was most recently Head of A&R at Warner Records and Parlophone UK News The deal includes debut albums from bands Schandmaul and Pam Pam Ida, along with recordings by Feuerschwanz, Werner Schmidbauer, and more. Analysis News New Luminate report reveals head-spinning volume of content on audio services, as debate rages over minimum-stream payout thresholds.