Sony Music Entertainment Archives

Streaming Pushes Sony Music’s Revenue Over $4 Billion

April 27, 2018

Sony Music Entertainment CEO Rob Stringer Thanks to streaming, Sony Music CEO Rob Stringer had a great first year. Sony Corporation has published its earnings report for the 2017-2018 fiscal year ending Marc... Read More...

Epic Records Chairman & CEO Antonio ‘L.A.’ Reid Exits

Paul Resnikoff

May 11, 2017

Antonio 'L.A.' Reid judges on 'X Factor' (photo: RCR) Epic Records Chairman & CEO Antonio 'L.A.' Reid is abruptly departing Sony Music Entertainment, according to reports circulating Thursday. Longtime m... Read More...

Sony Music Sues Rdio Executives for $7.5 Million

Charlotte Hassan

April 6, 2016

Sony Music has filed a lawsuit in New York Federal Court against senior executives of bankrupt Rdio, according to The Hollywood Reporter. Sony Music alleges that they were defrauded of millions when Rdio ent... Read More...

SoundCloud Just Signed the Most Important Deal of Its Life

Paul Resnikoff

January 13, 2016

SoundCloud has now finalized an incredibly important licensing deal with Universal Music Group, according to details confirmed by both sides Wednesday morning. The negotiations, first reported by... Read More...

Pandora Burns $2.5 Million to Keep Rdio on Life-Support

Paul Resnikoff

November 18, 2015

The question is when all of this goes 'kaboooom!' Pandora (P) shares are down nearly 40% in the last month alone, with Wall Street wondering WTF is going on with a near-$600 million acquisition spree th... Read More...

Don’t F*&k With the Music Industry, Grooveshark Clones

Paul Resnikoff

November 2, 2015

The major recording labels, led by Universal Music Group, famously buried Grooveshark earlier this year. The company not only dissolved shortly thereafter, but its cofounder was suspiciously found dead a f... Read More...

On October 28th, a Federal Court Will Determine Aurous’ Fate

Paul Resnikoff

October 22, 2015

'The Popcorn Time for Music' may soon be popped for good. Aurous is now feeling the full, massive weight of litigation from major labels Universal Music Group, Warner Music Group, and Sony Music Entertai... Read More...

Exclusive: Aurous Announcing Its Legal Defense Team…

Paul Resnikoff

October 16, 2015

The following is a developing story; please check back for ongoing updates in this quick-shifting situation. Last update: 9:30 am PT Friday. Perhaps burying Aurous will be more difficult than the music ... Read More...

Federal Judge Orders Temporary Shutdown of Aurous

Paul Resnikoff

October 15, 2015

Update, Friday AM: Aurous has now pulled all available downloads from aurous.me following the court order; Aurous founder Andrew Sampson has confirmed the yank-down in a tweet this (Friday) morning. Th... Read More...

Aurous Is Now Being Sued by Atlantic, Warner Bros., UMG, Sony, and Capitol Records

Paul Resnikoff

October 13, 2015

The following is a breaking story; please check back for ongoing developments. Less than three days after launch, Aurous, dubbed the 'Popcorn Time for Music,' is now being sued by 'Big Three'... Read More...

Aurous Abruptly Cancels Its Crowdfunding Campaign

Paul Resnikoff

September 21, 2015

Aurous Indigogo crowdfunding campaign,Monday 6:30 am PT... Late last week, BitTorrent-based music application Aurous unveiled a crowdfunding campaign on Indiegogo, a direct snub to the music industry. T... Read More...

5 Ways to Fix the Streaming Music Crisis

Yves Riesel

August 7, 2015

1. Stop free use, and develop users' willingness to pay. Amongst the millions of ‘users’ that streaming services claim, the proportion of real subscribers who pay the advertised price is an absolute minority... Read More...

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