Music Business News: Japan
Analysis News Some very impressive news for Universal, Sony and Warner... and a warning sign? Analysis News Sony labels have posted more than $3bn in revenue in first three months of 2019 News Service has been launched in partnership with Rhapsody International News Label has launched with the release of the track Ding Dong (feat A.G.O.) by Japanese R&B singer FLEUR Analysis There are signs that cross-media projects are being built across Sony Corp Analysis News Audio subscription revenues made up 12.4% of Japan's total recorded music revenues in H1 2019; physical audio formats contributed 53.3%. News Expansion provides substantial growth opportunity for the independent sector in second-largest global music market Analysis News MBW estimates that Universal, Sony and Warner are now collectively worth just shy of $89bn