Anna Maria Antippas has been appointed Managing Director of Sony Music Entertainment Greece.<\/p>\n
The exec brings a wealth of industry experience to the company, having held leadership positions within the Greek music industry for almost two decades.<\/p>\n
Founded in 1957, Cobalt Music has been present in the Greek music industry for decades, building a catalog of what Sony calls “iconic local repertoire.” Sony says the company also runs “selective, capital-efficient frontline operations.”<\/p>\n
Sony added that “renowned Greek artists and catalogs” that currently sit within Cobalt Music will now benefit from Sony Music\u2019s “technology expertise, marketing resources, and worldwide distribution network”.<\/p>\n
Commenting on the acquisition, Daniel Lieberberg, President of Sony Music Continental Europe and Africa, said the company sees “enormous potential in the Greek market”.<\/p>\n
He also praised the market’s “rich musical heritage and vibrant contemporary scene”.<\/p>\n
The Greek music industry has seen significant growth in recent years, with total recorded music revenues reaching USD $70.4 million<\/strong> in 2023, marking a 14.91%<\/strong> increase versus the previous year.<\/p>\n Streaming is the market\u2019s primary revenue driver, accounting for 63.1%<\/strong> of total revenues (USD $44.4 million), reflecting a\u00a015.2%<\/strong> year-on-year growth<\/span>.<\/p>\n Additionally, sync revenues saw a substantial 49.4%<\/strong> increase in 2023.<\/p>\n According to Sony, this “robust growth” positions Greece as “an emerging force” in the global music industry. Domestic artists dominate the local charts in Greece, with all Top 10 tracks in Greece for 2023 released by local artists.<\/p>\n \u201cWe see enormous potential in the Greek market, which has a rich musical heritage and vibrant contemporary scene.”<\/p>\n Daniel Lieberberg, Sony Music Continental Europe and Africa<\/span><\/p><\/blockquote>\n Daniel Lieberberg, President, Sony Music Continental Europe and Africa, added: “By acquiring Cobalt Music, we aim to provide even more opportunities for local artists to thrive.<\/p>\n “Under Anna Maria Antippas\u2019 leadership, we will preserve the legacy of Cobalt Music whilst also bringing Greek music to a wider global audience.\u201d<\/p>\n \u201cI am honored to lead Sony Music Entertainment Greece and to be a part of this incredible opportunity for our artists.”<\/p>\n Anna Maria Antippas, Sony Music Entertainment Greece<\/span><\/p><\/blockquote>\n Anna Maria Antippas, Managing Director of Sony Music Entertainment Greece, said: \u201cI am honored to lead Sony Music Entertainment Greece and to be a part of this incredible opportunity for our artists.<\/p>\n “This enables us to leverage Sony\u2019s global platform while continuing to champion the rich cultural heritage of Greek music. I look forward to fostering new partnerships, developing talent, and connecting our artists to the world.\u201d<\/p>\n Sony’s investment in Cobalt in Greece marks the latest acquisition for the company and follows comments made about SMG’s M&A strategy by Sony Music Group Chairman Rob Stringer during his presentation at\u00a0Sony Group\u2019s annual Business Segment Meeting in May.\u00a0 \u201cWe are undoubtedly the most aggressive major music group in M&A over the last three years,\u201d said Stringer.<\/p>\n Sony\u2019s M&A strategy has also focused on emerging markets. Stringer disclosed in May that Sony Music had \u201crecently bought top Spanish independent label Altafonte\u201d<\/strong>\u00a0and added that \u201cwe are now through the second year of our integration of the\u00a0Brazilian label\u00a0Som Livre<\/strong><\/a>.\u201d<\/p>\n Brazil\u2019s competition watchdog CADE (Conselho Administrativo de Defesa Econ\u00f4mica), approved Sony Music\u2019s $255 million acquisition of Som Livre, the owner of Brazil\u2019s biggest domestic record label, in 2022.<\/p>\n","protected":false},"excerpt":{"rendered":" Investment marks the re-establishment of Sony Music Entertainment Greece<\/p>\n","protected":false},"author":15,"featured_media":218394,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[227],"class_list":["post-218376","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-sony-music"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts\/218376","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/comments?post=218376"}],"version-history":[{"count":0,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts\/218376\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media\/218394"}],"wp:attachment":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media?parent=218376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/categories?post=218376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/tags?post=218376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"DANIEL](\"https:\/\/www.musicbusinessworldwide.com\/files\/2020\/10\/DANIEL_LIEBERBERG_SONY-MUSIC_PRESIDENT-CONTINENTAL-EUROPE-AFRICA-80x53.jpg "\\"DANIEL")
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