To survive in the changing climate, Sony says it is ‘actively pursuing’ music acquisitions. Like Pac-Man eating everything in its path, they even bought a Mexican music catalog.
Sony Group Corp Govt Vice President and CFO Totoki Hiroki said:
“We’re always enhancing our potential to find and nurture artists and regularly create successes, and we goal to proceed to extend our profitability sooner or later,” Hiroki stated of Sony’s music operation, whereas noting that the AWAL settlement and the Som Livre buyout had been accredited however not but accredited by regulation”
Sony bought AWAL and Kobalt, Brazilian label – Som Livre, and Paul Simon’s song catalog.