{"id":181809,"date":"2025-06-13T18:59:13","date_gmt":"2025-06-13T18:59:13","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/181809\/"},"modified":"2025-06-13T18:59:13","modified_gmt":"2025-06-13T18:59:13","slug":"sony-music-revenue-growth-and-market-share-gains-outpace-rivals-ceo","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/181809\/","title":{"rendered":"Sony Music Revenue Growth and Market Share Gains Outpace Rivals: CEO"},"content":{"rendered":"

\n\tSony Music Group\u2019s revenues are growing faster than the industry average, and it is the only major to grow its market share, CEO and chairman Rob Stringer<\/strong> said during an investor presentation on Friday.<\/p>\n

\n\tFor nine straight years, the major music company and subsidiary of the Japanese film, gaming and media conglomerate Sony, said it has achieved record-setting revenue, growing at an average compound annual growth rate (CAGR) of 14.7% over the past four years compared to the industry\u2019s 11.3% CAGR, while streaming revenue grew at a 15.1% CAGR. And according to MIDiA Research, Stringer said Sony was alone among the three majors to increase its market share from 2020 to 2024, due to it\u2019s \u201chigher independent market share than any other label or distributor\u201d as a result of owning the indie distributor The Orchard.<\/p>\n

\n\tIn the wide-ranging investor presentation, Stringer said Sony is benefitting from the commercial success of albums by superstar artists, including Beyonce, Bad Bunny, Chappell Roan, Tyler the Creator and Charli XCX, and the more than 60 acquisitions and investments worth over $2.5 billion dollars that it has entered into over the past year alone across global frontline, catalog, creative and service businesses.<\/p>\n

\n\tStringer said Sony Music\u2019s dominance of the independent market stems from The Orchard, Sony\u2019s independent distribution organization, which has more than 26,000 label partners; AWAL which works with 20,000 artists, and the Alamo Records umbrella group, which includes Foundation distribution and Santa Anna\u2019s incubator, and now works with nearly 3,000 artists. <\/p>\n

\n\t\u201cIn an environment where nearly half the marketplace is made up of the independent music sector, sales flowing through our independent distribution businesses more than doubled the last four years,\u201d Stringer said in a pre-recorded video presenation. Addressing the skepticism of some investors around Sony Music\u2019s $1.27 billion acquisition<\/a> of Queen\u2019s recorded music, publishing and name, image and likeness rights \u2014 the highest amount ever paid for an artist\u2019s catalog \u2014 Stringer said, \u201cthese acquisitions\u2026 are in no way based on random financial speculative tactics.\u201d<\/p>\n

\n\tInvestments like these are made back by exploiting listeners\u2019 growing demand for older catalog music, Stringer said, through merchandise sales, sync placements in films and synergies with the gaming industry.<\/p>\n

\n\t\u201cWe see more of our catalog in the charts as every year passes,\u201d Stringer said. \u201cIn 2020, 24 percent of the Top 200 tracks were catalog songs. In 2024, that percentage grew to about 50 percent. This trend is extremely beneficial to Sony Music given our rich, deep working content.\u201d<\/p>\n

\n\tSince Sony\u2019s investment in merch company Ceremony of Roses in 2022, the company has grown revenue by seven times, and its neighboring rights division collected more than $65 million for its artists last year.<\/p>\n

\n\tStringer reiterated calls for price increases and new tiers across the digital streaming platforms, and called for flexible pricing structures in high growth and developing markets. <\/p>\n

\n\tStringer said Sony Music has worked with 800 technology companies \u201con ethical product creation, content protection, detection, enhancing metadata and audio tuning and translation,\u201d and that they are going to do \u201cdeals for new music AI products this year with those that want to construct the future with us the right way,\u201d creating and adhereing to a clear remuneration system. <\/p>\n

\n\t\u201cNew subscription ideas with fair revenue sharing arrangements will be further additive \u2026 [and] will start to slowly and rapidly scale,\u201d Stringer said. \u201cWe will share all revenues with our artists and songwriters whether from training or related to outputs, so they are appropriately compensated from day one of this new frontier.\u201d<\/p>\n

\n\tStringer said he hopes the industry\u2019s proof of concept will give government regulators the evidence they need to pass laws reinforcing that system.<\/p>\n","protected":false},"excerpt":{"rendered":"Sony Music Group\u2019s revenues are growing faster than the industry average, and it is the only major to…\n","protected":false},"author":2,"featured_media":181810,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3091],"tags":[51,2441,74725,74726,74727,4097,16,15],"class_list":{"0":"post-181809","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-markets","10":"tag-rob-stringer","11":"tag-sony-music","12":"tag-sony-music-entertainment","13":"tag-streaming","14":"tag-uk","15":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114677597029650482","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/181809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=181809"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/181809\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/181810"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=181809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=181809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=181809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}