Economy of Japan

  1. Tim Schaaff, Sony's President of Network Entertainment Int'l, Stepping Down

    November 08, 2012 10:05 AM EST The head of Sony Corp.'s Sony Network Entertainment International unit, Tim Schaaff, will step down at the end of the year, with Andy House taking on oversight of Sony's online platforms, which Schaaff has overseen, the company said Thur ...

  2. Tokyo International Music Market Attracts Labels, Publishers, Search For Next PSY

    October 30, 2012 10:30 AM EDT Now in it's 9th year the Tokyo International Music Market (TIMM) has been integrated into the larger CoFesta, or Japan's general entertainment content fair, for the last six editions. This year, for the first time, the event was held at ...

  3. Japanese Mobile Company NTT DoCoMo Acquires Majority Interest in Tower Records Japan

    June 12, 2012 12:14 PM EDT http://www.billboard.biz/bbbiz/content_display/industry/news/e3i8bd724a7a615a7fe4a477dc1b1d7ac2d. Glenn Peoples Global Digital and Mobile ...

  4. Backbeat: Scion Celebrates Its Music-Underwriting Program WIth Prince Paul, Label Execs, More

    May 30, 2012 2:04 PM EDT The Melvins' custom-created Scion. (Photo: Ryan J. Downey) Scion claims to have supported over 2,000 creators in the music, film, fashion and art communities, with roughly 10,000 events in 500 cities. "Here's what I love most," ...

  5. Sony CEO Confirms 10,000 Job Cuts, Reorganization

    April 12, 2012 8:06 AM EDT Faced with mounting losses, Sony Corp. said Thursday it will slash 10,000 jobs , or about 6 percent of its global workforce, and try to turn around its money-losing TV business over the next two years. New CEO and President Kazuo Hirai outlined hi ...

  6. Sony Doubles Red Ink Forecast to $6.4 Billion, Worst Loss Ever

    April 10, 2012 7:56 AM EDT TOKYO (AP) - Sony Corp. more than doubled its projected annual loss to 520 billion yen ($6.4 billion), its worst red ink ever, due to a massive tax charge. With new CEO Kazuo Hirai at its helm, the Japanese electronics company said Tuesday it expe ...

  7. Sony to Cut 10,000 Jobs Worldwide: Report

    April 09, 2012 7:51 AM EDT Sony Corp. will cut about 10,000 jobs worldwide over the next year as it tries to return to profit, Japanese news reports said Monday. The Nikkei business daily and other media said Sony's decision to slash 6 percent of its work force comes a ...

  8. It's Official: Michael Lynton Named CEO of Sony Corp. of America, Nicole Seligman President

    March 29, 2012 3:49 PM EDT Sony Corp. made it official Thursday: Michael Lynton has formally been named CEO of Sony Corp. of America and Nicole Seligman will become president. The promotions will become effective June 27. Lynton will remain chairman and CEO of Sony Pictures ...

  9. Michael Lynton Expected to Become CEO of Sony USA: Sources

    March 21, 2012 3:54 PM EDT Sony Pictures Chairman & CEO Michael Lynton is expected to become CEO of Sony Corporation of America, as part of current Chairman/CEO/President Sir Howard Stringer's hand-off of his responsibilities on April 1. As previously reported, Str ...

  10. Sports Illustrated To Highlight Indie Bands in Swimsuit Issue, Music Festival

    February 02, 2012 6:14 PM EST For nearly 50 years, Time Inc.'s Sports Illustrated Swimsuit Issue has been the ultimate showcase for the hottest models (and, technically, swimwear) in fashion. But for the first time ever, the No. 1 sports magazine's biggest annual iss ...

  11. Sony's Kazuo Hirai to Replace Howard Stringer as CEO

    February 01, 2012 8:51 AM EST TOKYO (AP) -- Sony Corp. announced Wednesday that Kazuo Hirai, who leads the company's core consumer products business, will replace Howard Stringer as CEO and president as the electronics and entertainment company tries to turn around its fo ...

  12. Is Kazuo Hirai Succeeding Howard Stringer as President of Sony Corp?

    January 09, 2012 7:15 AM EST Sony's deputy president Kazuo Hirai will succeed Howard Stringer as president of Sony Corp. as early as April, according to Japan's largest business newspaper, Nikkei . Hirai, the officer in charge of consumer products & services bus ...

  13. Thomas Hesse, Sony Music Global Digital President, Returning to Bertelsmann, Sources Say

    November 29, 2011 10:02 AM EST Thomas Hesse, 45, President of Global Digital Business at Sony Music Entertainment in New York -- who has managed Sony Music's worldwide digital business since 2004 and is in charge of corporate strategy -- is leaving Sony Music in New York t ...

  14. Spotify 'Strongly Contesting' PacketVideo's Patent Infringement Lawsuit

    August 05, 2011 2:30 PM EDT Fewer than two weeks after launching in the US, Spotify is being sued for patent infringement by PacketVideo Corporation, a San Diego-based provider of multimedia communications software. PacketVideo is a wholly-owned subsidiary of Japanese teleco ...

  15. Spotify 'Strongly Contesting' PacketVideo's Lawsuit for Patent Infringement

    July 28, 2011 5:19 PM EDT Less than two weeks after launching in the U.S., Spotify is being sued for patent infringement by PacketVideo Corporation, a San Diego-based provider of multimedia communications software. PacketVideo is a wholly-owned subsidiary of Japanese telec ...

  16. Sony CEO Howard Stringer Sees 16% Pay Cut

    June 29, 2011 8:12 AM EDT NEW YORK - Sony Corp. chairman and CEO Howard Stringer's compensation for the fiscal year ended in March declined 16 percent to 345 million yen ($4.27 million) as the entertainment and electronics conglomerate posted its third straight year o ...

  17. Sony BMG Germany Found Guilty of Sex Discrimination: Report

    June 28, 2011 11:14 AM EDT On Tuesday, a labor court in Berlin found Sony BMG in Germany guilty of sexual discrimination after promoting a man over a woman who was expecting a child, according to a report on Expatica.com . At the time of the suit, the woman worked for Sony ...

  18. The Michael Jackson Factor: Sony's Music Revenues Down 10% In Fiscal Year, 13% in Fourth Quarter

    May 26, 2011 5:55 PM EDT Sony Corp's music division posted a revenue declined of 9.9% to $5.67 billion in the fiscal year ended March 31. At constant currency, which removes the impact of currency fluctuations, the decline was 5%. Sony's music division includes ...

  19. Sony Forecasts $975 Million Profit Despite Hacking, Earthquake, $3.2 Billion Loss

    May 26, 2011 7:26 AM EDT TOKYO - Sony forecast a return to profit for this fiscal year after sinking into its third straight year of red ink, hammered by the costs of massive online security breaches and the damage from a March quake and tsunami in northeastern Japan. Tok ...

  20. Video, Computer Game Sales Drop 16% in March: Report

    April 15, 2011 7:54 AM EDT March wasn't a good month for the gaming industry. Sales of video and computer games dropped 16% last month to $735.4 million, according to NPD Group data, as reported by the Los Angeles Times. Hardware sales, meanwhile, were up 12%, to $494. ...

  21. Japan's Major Labels Push Back Music Releases

    March 24, 2011 12:59 PM EDT Amid the triple disasters of the Tohoko-Kanto Great Earthquake (as it is now being called), the tsunami and radiation contamination, major labels in Japan are pushing back their March album and DVD releases to April and beyond. Some of the artists ...

  22. Sony's CD Manufacturing Plants in Japan Remain Closed

    March 14, 2011 12:18 PM EDT As a result of Friday's earthquake, operations have been suspended at Sony plants in Japan that manufacture CD, DVD and Blu-ray discs. In addition, the Sony Corporation Sendai Technology Center has ceased work entirely due to earthquake damag ...

  23. Kazuo Hirai Emerges as Sony Corp's Successor to CEO Howard Stringer

    March 10, 2011 7:27 AM EST Sony appears to be lining up Kazuo Hirai, current head of its gaming division, as the replacement for Howard Stringer, its 69-year-old current CEO, as it announced a corporate reorganization Thursday. The Network Products Services division, which ...

  24. Doug Morris Named CEO Of Sony Music Entertainment, Effective July 1

    March 02, 2011 12:47 PM EST It's official: outgoing Universal Music Group chairman Doug Morris will become Sony Music Entertainment's chief executive officer on July 1. The announcement was made on Wednesday by Sir Howard Stringer, Sony Corporations' chairman, ...

  25. Japanese Digital Sales Down 5%

    November 22, 2010 12:00 AM EST The Recording Industry Association of Japan (RIAJ) has released data for sales of digital music for the first three quarters of 2010, January through September, and the overall market is down again. Overall the digital music market value for the t ...

  26. Michael Jackson, Susan Boyle Boost Sony Results

    May 13, 2010 12:00 AM EDT Sony Corp's Music division - including Sony Music Entertainment, Sony Music Entertainment Japan (SMEJ) and the 50% stake in Sony/ATV - reported a 35% year-on-year increase in sales to 522.6 billion yen ($5.6 billion) in the fiscal year ended ...

  27. Carrier Meets Content in Japan: Softbank May Buy Stake in Victor

    April 09, 2010 12:00 AM EDT Japanese telecommunications company Softbank is in talks to acquire a stake in Victor Entertainment from JVC Holdings Inc., the Daily Yomiuri reported Wednesday. Softbank is expected to buy a minority stake and increase its ownership beyond 50% ov ...

  28. Seven & i Holdings To Acquire 21% Of Tower Records Japan

    March 04, 2010 12:00 AM EST The Tokyo-based retail giant Seven & i Holdings Co., which operates the 7-11 brand of convenience stores and the Ito-Yokado supermarket chain in Japan, will acquire 21.58% of the retail music store chain Tower Records Japan. Seven & i will ...

  29. Sony Corp's Music Revenues Inch Up

    February 04, 2010 12:00 AM EST Sony Corp has issued third quarter results showing the first profit in five quarters at the Tokyo-based company, following its restructuring. The electronics company's music arm, including Sony Music Entertainment, Sony Music Entertainment Ja ...

  30. Exile Triumphs At Billboard Japan Music Awards 2009

    February 01, 2010 12:00 AM EST Exile was the big winner at the inaugural Billboard Japan Music Awards, held at the Billboard Live venue in the Roppongi Midtown shopping and business complex in central Tokyo. Chart-topping 14-member pop act Exile picked up artist of the year 200 ...

  31. Nintendo Q3 Profit Down 23%

    January 28, 2010 12:00 AM EST Nintendo Co Ltd posted a 23% fall in quarterly profit as software sales for its DS handheld game player slowed and it cut the price of its Wii console, keeping its forecast for the first annual profit decline in four years. Nintendo has ridden whi ...

  32. Japan Loses One-Quarter of Physical Sales

    January 26, 2010 12:00 AM EST The sales decline in Japan, the world's biggest market for physical product, is steeper than initial reports suggested: latest figures say values dropped 27% during 2009. A new report published by Soft Information Planning (SIP), which operat ...

  33. @MIDEM: Sony Japan's Morita Wants Tougher Piracy Law

    January 25, 2010 12:00 AM EST Masao Morita, Sony Music Entertainment Japan (SMEJ) chairman and representative director, used his MIDEM keynote to call for tougher government action on illegal downloading. The Japanese government introduced a revised copyright law to make unaut ...

  34. Japan To Tackle Music Piracy On Cell Phones

    November 20, 2009 12:00 AM EST The telecom and music industry bodies in Japan will reportedly implement a system to automatically check cell phone Web sites for illegal music files, in order to prevent the files from being uploaded or downloaded in breach of copyright law. The ...

  35. Michael Jackson Sales Help Trim Sony Losses

    October 30, 2009 12:00 AM EDT Sony Corp. has reported a smaller-than-expected 26.3 billion yen ($289 million) quarterly loss as cost cuts combined with healthy sales of PlayStation 3 game consoles and Michael Jackson hits helped it inch toward recovery. The Japanese electronic ...

  36. Avex Revenue Rises, Losses Widen

    August 13, 2009 12:00 AM EDT Japan's Avex Group Holdings has issued its financial report for the first quarter (April 1 to June 30, 2009), which showed revenues up by 2.1% compared with the same quarter last year. In the first quarter of this fiscal year, total revenue f ...

  37. Avex Sales Revenue Up 12.6%

    May 26, 2009 12:00 AM EDT Avex Group Holdings of Japan reported strong sales figures in its financial results for the fiscal year ending March, 2009. Avex Group continues the run that has catapulted them to the largest market share of physical sales in Japan last calendar ...

  38. Hostess Strikes Digital Deal with Avex

    May 14, 2009 12:00 AM EDT Japan's Hostess Entertainment has signed an agreement on a digital support-based strategic partnership with Avex Marketing Inc. The deal means that the division of the Avex Group will provide back end support services and, together with the i ...

  39. Hostess, Sony Partner In Japan

    April 02, 2009 12:00 AM EDT Hostess Entertainment and Sony Music Entertainment (Japan) have reached an agreement on a services and support-based strategic partnership that will see the various entities of SMEJ provide a broad range of backing to Hostess and its artists in Ja ...

  40. Honda Partners With Telemundo For Sweeps

    February 24, 2009 12:00 AM EST Telemundo is teaming up with Honda for a sweepstakes promotion for the latter’s 2009 Civic dangling the chance to go behind the scenes of its show Descontrol for a live performance by reggaeton duo Alexis & Fido in Miami. The promo, which laun ...

  41. Japanese Physical Market Declines 3.9%

    February 04, 2009 12:00 AM EST SoundScan Japan released figures for the recorded music market in Japan in 2008 and the results showed a market continuing to decline overall, despite rising sales of domestic repertoire. The figures also put Avex in pole position again based on m ...

  42. The Orchard Branches Further Into Japan

    January 19, 2009 12:00 AM EST Digital music distributor The Orchard has formed an alliance with Japan's principal independent music company, Avex, which is a key shareholder in Japanese mobile content joint venture, Label Mobile. The news was announced today (Jan. 19) on ...

  43. Sony Music Gets Creative With Exposure

    November 06, 2008 12:00 AM EST Sony Music Entertainment has formed a pan-European creative agency with international marketing agency Exposure. The joint venture, named SBX, aims to develop artist endorsements, synch deals, product placement, live performances, ad-funded progra ...

  44. Sony Profit Plunges On Strong Yen

    October 29, 2008 12:00 AM EDT Sony Corp.'s quarterly profit plunged 72% as a surging yen wiped out perks from flat-panel TV and PlayStation 3 sales, as well as box office revenue from the movie "Hancock." Sony said Wednesday it posted a net profit of 20.8 billio ...

  45. Sony BMG Ups Levin

    October 08, 2008 12:00 AM EDT David Levin has been named senior VP and business manager of sales at Sony BMG Music Entertainment, overseeing the company digital sales and advertising supported channels. Levin is based in New York and reports to the company's executive VP ...

  46. Usen Corp. Unveils On-Demand CD Kiosks

    September 24, 2008 12:00 AM EDT Tokyo-based cable broadcaster and broadband supplier Usen Corp. has set up a new company with independent labels Avex Group Holdings Inc. and Victor Entertainment Inc. to produce on-demand music CDs over the counter at dedicated kiosks in Japanese ...

  47. Japanese Labels Deny Master-Ringtone Monopoly

    August 26, 2008 12:00 AM EDT Four Japanese labels have filed lawsuits seeking nullification of a July 24 ruling by the government's Fair Trade Commission that they violated the Antimonopoly Law by allegedly preventing other companies from entering the master-ringtone bus ...

  48. No Rainbows For Radiohead's Drenched Nissan Gig

    May 15, 2008 12:00 AM EDT Radiohead's rain-drenched May 11 sellout at Nissan Pavilion in Bristow, Va., has resulted in an Internet-driven firestorm, with messageboards and the blogosphere lighting up amid fan frustration. The D.C. market was faced with monsoon-like co ...

  49. SMEJ Financials On The Up

    May 15, 2008 12:00 AM EDT Japan's biggest record company, Sony Music Entertainment (Japan), has reported healthy sales results for the year ended March 31, 2008, largely on the strength of solid performances by its core label and distribution businesses. Revenue for S ...

  50. Sony BMG Yearly Profits Up

    May 14, 2008 12:00 AM EDT Sony BMG Music Entertainment more than doubled net income profits in its fiscal year ended March 31 to $178 million (17.7 billion yen) on sales of $3.93 billion (390.2 billion yen) as compared with the prior year, when it reported $84 million (9.9 ...

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