Comments on: Sony's Money-Losing Music Bet: Sales Down 11 Percent, Losses Increase

By: Peter Kafka

Peter Kafka — Wed, 29 Oct 2008 18:45:52 +0000

I knew you’d help me out, Glenn, thanks. But both you and Christian way more optimistic than I am: Unless Sir Howard says they’re just going to go into the catalog business, I worry that they’ll be bleeding red ink for a long time.

By: Universal Indie Records

Universal Indie Records — Wed, 29 Oct 2008 18:34:14 +0000

I don’t see Sony as really doing any worse than any other major label at this time…

They’re all struggling.

By: Christian Hoeferle

Christian Hoeferle — Wed, 29 Oct 2008 16:51:51 +0000

You should listen to the Kings of Leon album.

How much trouble is Sony Music in? Judging by their recent numbers: HUGE trouble. But listen to their CEO in the UK and you’ll get the feeling they are the only company who gets the new realities in the business, I agree with Glenn; time will tell.
http://hoeferle.wordpress.com/

By: Glenn Peoples

Glenn Peoples — Wed, 29 Oct 2008 14:01:13 +0000

That would be “One Chance” by Paul Potts, the opera singer who came out of the “Britain’s Got Talent” TV show. He didn’t take off in the States like he did in other parts of the world.

Sony BMG did lose money in Q2, but the divorce is way too recent to proclaim it a money-losing bet. Wait a couple years and see how it goes.