RUMOR MILL
Back to Rumor Mill >
Thursday, May 10, 2012

Sony Music Profits Strong Despite Parent Company Loss

SONY MUSIC SCORES PROFITS: In the wake of Sony’s worst-ever annual earnings report, revealing a loss of $5.74 billion, Sony Music, which incorporates SME (the record labels), Sony/ATV (music publishing) and Sony Music Japan, actually turned an operating profit of $450 million on sales of $5.4 billion, thanks to U.S. label marketshare domination and Adele's massive smash, 21. Last month, new Sony CEO Kazuo Hirai announced the company will cut 10,000 jobs and spend $1 billion on restructuring. As this is being written, The Today Show is teasing the NBC special Adele Live in London with Matt Lauer, airing Tuesday, June 5, at 8 p.m. ET/PT. The show will feature a sit-down interview with Matt Lauer as well as six performances from her previously released Adele Live at the Royal Albert Hall DVD. (5/10p)

 
BACK TO RUMOR MILL
 
UMG AND TIKTOK
WORK IT OUT
The kerfuffle is in the past. (5/2a)
Check It Out Now
LUCIAN SOUNDS OFF ON UMG/TIKTOK DEAL
A breakdown from the boss (5/2a)
Check It Out Now
HITS LIST: HANGIN' OUT
With extra relish (5/3a)
Check It Out Now
LIVE NATION POSTS (ANOTHER) RECORD QUARTER
More butts in seats than ever before. (5/3a)
Check It Out Now
A POST-WALLEN AFFAIR
A dynamic duo, y'all (5/3a)
Check It Out Now
THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)

By clicking submit you are agreeing
to Terms and Conditions