$$$$$$$$$$$$$ THE MONEY MOVES $$$$$$$$$$$$ Sony Music Generates Nearly $4 Billion in 2017, Streaming Up 32%


Sony Music Generates Nearly $4 Billion in 2017, Streaming Up 32%

Sony Music Generates Nearly $4 Billion in 2017, Streaming Up 32%

The Sony Corporation’s music operations reported a $350 million in operating income on revenues of $1.9 billion for the company’s fiscal third quarter, it announced early Friday morning.

Recorded music accounted for $1.14 billion, visual media & platform brought in $599 and Sony/ATV Music Publishing $162 million), accounting for double-digit growth in all three categories.

Streaming contributed 43%, with some $492m) coming from the format in the quarter, a 32.1% gain. Top sellers
included Pink’s “Beautiful Trauma,” Chris Brown’s “Heartbreak on a Full Moon” and Camila Cabello’s recently
released “Camila.” Looking ahead, the company pumped up new albums from Justin Timberlake (out today), Lanco and Jack White as among its hot hopefuls for the current quarter.

Despite the strong results, many were stunned by the announcement that Sony Corp. chief Kaz Hirai, a strong proponent of the company’s entertainment properties, will hand the over the CEO reins to his top lieutenant as he transitions to a new role as chairman. Kenichiro Yoshida, Sony Corp.’s chief financial officer, who is much less experienced in the entertainment world, will take over as president-CEO as of April 1.

“As the company approaches a crucial juncture, when we will embark on a new mid-range plan, I consider this to be the ideal time to pass the baton of leadership to new management, for the future of Sony and also for myself to embark on a new chapter in my life,” Hirai said in a statement.

Hirai’s resignation means that Sony’s entertainment assets are losing possibly their loudest and most powerful advocate within the company, and raises questions about their future in an era where consolidation, often on a colossal scale, is the trend of the day. Under Hirai, Sony had made an overture for some of Fox’s assets before Disney produced a bigger bid; without him at the helm, the fate of Sony’s own content businesses is uncertain.

However, sources said Hirai has indicated to insiders he intends to remain involved with Sony’s U.S.-based entertainment businesses in his new chairman role.

By Variety Staff
February 2018



Janet Jackson Announces State Of The World Tour



It’s official: We have dates for Janet Jackson’s rescheduled tour.

Here’s the backstory: The pop star postponed her sold-out Unbreakable tour, which started in 2015, and then later announced that she gave birth to her first child. On Monday night she announced to her fans, on her website, that she was coming to 56 North American cities just for them. The new name for this musical extravaganza? The State of the World Tour.

In the video clip on her site, Jackson explained the name adjustment.

“I’m continuing my tour as I promised,” she said in the one minute and 26 second video clip. “I decided to change the name of the tour. State of the World Tour. It’s not about politics. It’s about people, the world, relationships and just love… I want to thank you guys for your patience, for all of your support through the years. I am so excited. I cannot wait to see you on stage September 7. See you soon”

And, in a stroke of public relations greatness, she spoke frankly about her child and her marriage. According to a statement furnished by her publicist, after taking a year off to “enjoy pregnancy and motherhood,” she is “now ready to return to the live stage.” There’s no word yet on whether baby boy is traveling with her.

“I thank God for him. He’s so sweet and so loving. He’s such a happy baby,” Jackson said before delving into her marital issues. “I just want to keep it real with you guys for a second. Yes, I separated from my husband. We are in court and the rest is in God’s hands.”

Tickets go on sale May 5. The first show is in Lafayette, LA. The last show is in Atlanta.

Adrienne Gibbs is a Chicago-based journalist. Follow her @adriennewrites on FB and Twitter.



Jessica Sanchez, A Rising Star, Releases hot, new single, “Call Me”

Jessica S cropped (1280x1278)
Photo courtesy of lockerdome.com

Jessica Elizabeth Sanchez (born August 4, 1995) is an American singer and songwriter originally from Chula Vista, California. She was the runner-up on the eleventh season of the reality show American Idol. Prior to appearing on American Idol, Jessica competed in the first season of America’s Got Talent at the age of 11.
Jessica Elizabeth Sanchez was born in Chula Vista, California on August 4, 1995 to parents, Edita (born Bugay) and Gilbert Sanchez.[7] She was raised in Eastlake, Chula Vista along with two younger brothers. Her father is a Mexican-American originally from Texas, and is an Aviation Ordnance First Class Petty Officer in the United States Navy Reserves. Her mother is a Filipina whose family is from Samal, Bataan in the Philippines.

She attended Eastlake Middle School in Chula Vista and was homeschooled all four years of high school.

She started singing at the age of 2, and aspires to be a mainstream singer who can “belt but sing upbeat songs”. Eminem and Beyoncé are her favorite male and female artists, while Jennifer Hudson is her favorite American Idol contestant. Other musical influences include Mariah Carey, Whitney Houston, Celine Dion, Etta James,Christina Aguilera, and Michael Jackson.

In early 2016 Sanchez began collaborating with YouTube singing sensation Leroy Sanchez. The pair released covers of Beyonce’s “1+1” and Justin Bieber ft. Halsey’s “The Feeling”. The colaborations has received over one million respective views. On April 7, Sanchez returned with numerous other idol alumni to perform on the penultimate and Grand Finale episode for the fifteenth (farewell) season of American Idol. Sanchez performed her season 11 revival of Andrea Bocelli’s “The Prayer”. Her performance was claimed as the ‘best performance’ and ‘stand out’ of the night gaining her international praise once again. Consequently Sanchez’s 2011 recording of the song re-entered the iTunes Top 200 singles chart peaking at number 166. Sanchez is set to travel to Australia and New Zealand for a total of four shows in May for her first Australian and New Zealand tour. Sanchez has also revealed she is currently in the process of recording her second studio album with the release date to still be decided. She described her second album to be more ‘gritty’ and ‘soulful’ compared to her debut album.

Her hot new single release, “Call Me”, is available for download on CD Baby and ITunes.

courtesy of wikipedia

Spotify Slammed With $150 Million Lawsuit For Unpaid Royalties

Spotify easter eggs

The complaint says the streaming service “publicly” admitted its failure to obtain licenses for the songs.

Musician David Lowery is suing music-streaming site Spotify for illegally distributing several of his copyrighted songs. Lowery, the frontman for the bands Cracker and Camper van Beethoven, is seeking a minimum of $150 million in damages.

According to the complaint brought by Lowery, Spotify has illegally streamed copyrighted music for over 75 million users and failed to locate the owners of those compositions for payment.

Lowery is representing a group of over 100 other members who are also reportedly frustrated with the streaming service, making this a class action lawsuit. The lawsuit was filed on Dec. 28 at the Central District Court of California.

Lowery’s complaint states Spotify has “publicly” admitted its failure to obtain licenses and created a reserve fund of somewhere between $17 million and $25 million for royalty payments which have been “wrongfully withheld from artists.”

Distributing content without the proper licensing, the complaint says, “creates substantial harm and injury to the copyright holders, and diminishes the integrity of the works.”

Lowery is seeking damages for the unlawful distribution of his songs “Almond Grove,” “Get On Down the Road,” “King of Bakersfield” and “Tonight I Cross the Border.” Statutory penalties for this case include judgments between $750 and $30,000 for each infringed work and up to $150,000 per song for willful infringement.

Spotify is currently embroiled in settlement negotiations with the National Music Publishers Association for allowing users to access music that has not been properly licensed and without paying artists their royalties. Last week, in a blog poston Spotify’s site, the company admitted to having an issue paying musicians “fairly, rapidly, and transparently.”

The streaming service has also had similar cases brought against it in the past by record labels the Ministry of Sound and Victory Records.

Article courtesy of Nadya AgrawalEditorial Fellow, The Huffington Post
12/29/2015 04:15 pm ET