{"id":2505,"date":"2013-01-08T00:00:00","date_gmt":"2013-01-08T00:00:00","guid":{"rendered":"http:\/\/skylight.gr\/administrator_wordpress\/index.php\/2013\/01\/08\/sony-music-uk-annual-pre-tax-profits-grow-128-to-p152\/"},"modified":"2013-01-08T00:00:00","modified_gmt":"2013-01-08T00:00:00","slug":"sony-music-uk-annual-pre-tax-profits-grow-128-to-p152","status":"publish","type":"post","link":"https:\/\/skylight.gr\/index.php\/2013\/01\/08\/sony-music-uk-annual-pre-tax-profits-grow-128-to-p152\/","title":{"rendered":"Sony Music UK annual pre-tax profits grow 128% to \u00a315.2"},"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 UK revenues dipped 2.4% to \u00a3191m in the 12 months to March 31 2012, but international demand for artists such as One direction and Paloma Faith grew pre-tax profits 128% to \u00a315.2m.  <!--more-->  <\/p>\n<p>Meanwhile, Simco saw turnover nearly double from to \u00a354.7m from \u00a328.1m YoY, pre-tax profits climbed 38pc to \u00a332.6m.<\/p>\n<p>According to The Telegraph, other artists to help grow the labels profits with new releases in the 2011\/2012 financial year included The Vaccines and Neil Diamond.<\/p>\n<p>Chief executive of Sony Music Entertainment UK Nick Gatfield said the overseas success was partly down to the rise of social media, he explained: \u201cThree or four years ago, the only way to break an artist in America was to spend a huge amount of time there and get radios to really embrace them.<\/p>\n<p>\u201cThe barriers are down now. One of the huge game-changers is the way we can exploit social media [to] bypass the traditional gate-keepers. The consumers, in One Direction\u2019s case, absolutely voted with their keyboards and helped them gain a following before [the album] launch.\u201d<\/p>\n<p>Despite the strong performance, the company\u2019s highest paid director\u2019s total remuneration nearly halved to \u00a3952,508, down from \u00a31.8m the previous year, including pension contributions which fell from \u00a3120,000 to \u00a354,443.<\/p>\n<p>Source: Music Week<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sony Music UK revenues dipped 2.4% to \u00a3191m in the 12 months to March 31&#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-2505","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\/2505","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=2505"}],"version-history":[{"count":0,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts\/2505\/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=2505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/categories?post=2505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/tags?post=2505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}