According to IFPI data, the Czech Republic’s recorded music industry generated $84.1 million<\/strong> in 2023, with streaming accounting for $50.5 million<\/strong> of this figure \u2013 representing 60.1%<\/strong> of the market.<\/p>\n That streaming number was up 18.1%<\/strong> year-on-year.<\/p>\n Current Supraphon MD Libor Hole\u010dek will continue to run the company post-acquisition, while Martin Kudla stays on as Executive Director.<\/p>\n Iva Milerov\u00e1, previously Chairwoman of Supraphon’s Board of Directors, will remain with the company in an advisory role.<\/p>\n Supraphon brings to Sony a roster including Karel Gott, Lucie B\u00edl\u00e1, and Marek Ztracen\u00fd, plus classical artists such as the Pavel Haas Quartet and the Czech Philharmonic Orchestra.<\/p>\n The influence of domestic repertoire in the territory is evidenced by the fact that Czech-language artists claimed seven of the territory’s Top 10 albums in 2023.<\/p>\n Sony said today that the acquisition represents a significant expansion of the company\u2019s presence in Central Europe.<\/p>\n \u201cSupraphon is a cornerstone of Czech music heritage, with an invaluable catalog and a commitment to promoting Czech and Slovak talent that aligns perfectly with Sony Music\u2019s dedication to artist development.”<\/p>\n Daniel Lieberberg<\/span><\/p><\/blockquote>\n Speaking about the acquisition, Lieberberg said: \u201cSupraphon is a cornerstone of Czech music heritage, with an invaluable catalog and a commitment to promoting Czech and Slovak talent that aligns perfectly with Sony Music\u2019s dedication to artist development.<\/p>\n \u201cWe are proud to welcome Supraphon to the company and look forward to empowering local artists with our global expertise, resources, and reach. Together, we will celebrate and elevate Czech music on the international stage.\u201d<\/p>\n Sony’s Supraphon deal marks the company’s latest M&A move in Europe.<\/p>\n Last month, it acquired<\/a> Cobalt Music<\/strong>, one of Greece\u2019s most prominent independent music labels. The investment marked the re-establishment<\/a>\u00a0of\u00a0Sony Music Entertainment Greece.<\/strong><\/p>\n The company’s recent deals follow comments made about Sony’s M&A strategy by Sony Music Group<\/a>\u00a0Chairman\u00a0Rob Stringer<\/a> during his presentation at Sony Group\u2019s annual Business Segment Meeting in May 2024.\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\u00a0Altafonte\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":" Sony has acquired Supraphon, claimed to be the Czech Republic’s largest independent record label<\/p>\n","protected":false},"author":2,"featured_media":220495,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[412,227],"class_list":["post-220246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-sony","tag-sony-music"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts\/220246","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/comments?post=220246"}],"version-history":[{"count":0,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts\/220246\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media\/220495"}],"wp:attachment":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media?parent=220246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/categories?post=220246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/tags?post=220246"}],"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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