Sony Group Corp's music business has exited Russia due to Ukraine war
September 13, 2022
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.
The music business suspended operations in Russia earlier this year following that country's invasion of Ukraine.
Related News
.jpg)
Tencent Music Entertainment Beats Revenue Estimates With Strong Streaming Growth
The company's robust streaming demand helped it recover from a year-long slowdown.
March 18, 2025
.jpg)
YouTube Surpasses 125 Million Subscribers For Music And Premium Services
YouTube announced last year that over one in four creators participating in its ad-sharing program are now earning revenue through....
March 06, 2025
.jpg)
How TIPS Music Became Bollywood’s Silent Money-Making Machine
While many labels aggressively acquire new music rights, TIPS has built a thriving business around its 31,000+ song catalog, turning....
March 05, 2025
.jpg)
Spotify & Warner Music Group Forge Multi-Year Deal To Elevate...
The partnership introduces expanded music and video catalogs, new subscription tiers, and an artist-centric royalty model to better reward musicians.
February 06, 2025