Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market
Exited Exit Completed
Sony Music Entertainment, also known as simply Sony Music, is an American multinational music company. Being owned by the parent conglomerate Sony Group Corporation, it is part of the Sony Music Group, which is owned by Sony Entertainment and managed by the American umbrella division of Sony.
Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market
Exited Exit CompletedThe structures of the former top managers of Warner Music Russia bought the Kiss Koala label, which manages the local catalog of Sony Music that left Russia. As a result of the merger, a new distributor appeared on the market, which will compete with Zvonko Group and Believe. The presence of another major player in the segment will help artists increase their income, experts expect.
Sony Music fully exits Russia, 6 months after suspending operations in country. The LLC was sold to an individual/individuals
| July 09, 2022 | Sony Music Fully Exits Russia, 6 Months After Suspending Operations in Country |
| April 10, 2022 | Sony Music Group Suspends Operations in Russia |