{"id":1080,"date":"2011-11-04T21:39:53","date_gmt":"2011-11-04T21:39:53","guid":{"rendered":"http:\/\/skylight.gr\/administrator_wordpress\/index.php\/2011\/11\/04\/sony-music-announces-loss-stringer-to-step-down\/"},"modified":"2011-11-04T21:39:53","modified_gmt":"2011-11-04T21:39:53","slug":"sony-music-announces-loss-stringer-to-step-down","status":"publish","type":"post","link":"https:\/\/skylight.gr\/index.php\/2011\/11\/04\/sony-music-announces-loss-stringer-to-step-down\/","title":{"rendered":"Sony Music announces loss, Stringer to step down?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\" size-full wp-image-1079\" src=\"http:\/\/skylight.gr\/administrator_wordpress\/wp-content\/uploads\/2011\/11\/sony_music.jpg\" border=\"0\" width=\"160\" height=\"160\" \/><br \/>Sony Music has suffered a year-on-year 6.6% quarerly decline in Q2 sales, with revenue standing at $1.346 billion (\u00a30.8bn).  <!--more-->  <br \/>The company blames a drop in sales outside of the US despite hit albums during the quarter including Adele&#8217;s 21 and Beyonce&#8217;s 4.<\/p>\n<p>The announcement comes as the Sony Group announced a decline in revenue of $350million and now the company is predicting a loss of approximately $1.15billion for the full fiscal year.<\/p>\n<p>Meanwhile, The New York Post reports that Sony CEO Howard Stringer could step down from his post at the end of the fiscal year in March 2012.<\/p>\n<p>It predicts Stringer would stay on as chairman, while current executive deputy president Kazuo Hirai would become his successor.<\/p>\n<p>Source: Music Week<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sony Music has suffered a year-on-year 6.6% quarerly decline in Q2 sales, with revenue standing&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1079,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[23],"tags":[],"class_list":["post-1080","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-music-news"],"_links":{"self":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts\/1080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/comments?post=1080"}],"version-history":[{"count":0,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts\/1080\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/media\/1079"}],"wp:attachment":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/media?parent=1080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/categories?post=1080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/tags?post=1080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}