Sony Corp still hasn’t confirmed to insiders who will replace outgoing Sony Music CEO Rolf Schmidt Holtz, whose contract ends on March 31st. Stories (including ours) have been doing the rounds for at least 3 months now that Schmidt Holtz will be replaced by current Universal Music Group chairman Doug Morris but, perhaps unsurprisingly, that move is proving complicated.
The numbers are in for two of the biggest music markets and unsurprisingly, sales are down yet again, continuing a trend of the last decade.
The cable provider plans to offer customers unlimited streaming and downloading of MP3 music files in conjunction with the world’s largest music company, Universal, home to artists ranging from U2 to Lady Gaga and Willie Nelson. The service, which may be launched by the end of the year, could eventually include music from other major labels.
They say success has many fathers, and nowhere is that ever more evident than in the music business, where aging executives still argue over who first spotted the rasping rick-rolling talent that is Rick ‘Never Gonna Give You Up’ Astley in a smoky London bar.