Business

Sony Group Corp's music business has exited Russia due to Ukraine war

By Loudest Team
September 13, 2022
Sony Group Corp's music business has exited Russia due to Ukraine war

As the war continues to have a devastating humanitarian impact in Ukraine, and sanctions on Russia continue to increase, we can no longer maintain a presence in Russia," Sony Music said in a statement.

Sony Group Corp's music business has exited Russia, transferring the business and musicians to local management, due to the Ukraine conflict.

"As the war continues to have a devastating humanitarian impact in Ukraine, and sanctions on Russia continue to increase, we can no longer maintain a presence in Russia," Sony Music said in a statement.

It did not disclose further details of the transaction.

The music business suspended operations in Russia earlier this year following that country's invasion of Ukraine.

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