As the pandemic sidelined countless physical companies, Sony Music Group saw significant earnings gains in 2020. This was the result of the company’s presentation to investors in 2021, which s ‘is held on May 27. The New York-based division of the Tokyo electronics giant, led by President Rob Stringer (pictured), covers music in every territory except Japan, and it has thrived, albeit slightly under the radar .

On the contrary, SMG has spent the last three years under Stringer developing its mergers and acquisitions and strengthening existing alliances, like that of The Orchard, which Sony fully acquired in March 2015 – in retrospect, for one song. More recent acquisitions include AWAL, which provides artist services to independent musicians; Beatstars, a marketplace for rhythms and sounds allowed to be used; and Kobalt’s neighboring rights branch. In total, Sony spent $ 1.4 billion

As Stringer noted in his video, SMG achieved record revenue and a fourth consecutive year of record profits and margins, with revenues increasing nearly $ 2 billion since 2016, surpassing the entire sector at a compound annual growth rate of 12%. (8% adjusted for the impact of the consolidation of EMI Music Publishing, whose acquisition of Sony was completed in 2018).

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