Japan
News Label has launched with the release of the track Ding Dong (feat A.G.O.) by Japanese R&B singer FLEUR 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 The independent label agency opened its Tokyo office in October 2016 News Physical revenues make up more than 80% of local market Analysis News Market generates more than $2bn, with download holding and streaming up 61% News Sony is now edging towards becoming a $5bn music company Analysis Physical rock solid as digital climbs Analysis Domestic sales claim almost 90% of all money taken