Topic summary
Sony Music Entertainment
Extracted from the Wikipedia article Sony Music.
Sony Music Russia
Sony Music Entertainment Russia was the Russian music label of Sony Music Entertainment. The company opened its division in the Russian Federation in 1999. In 2000, the first contract was signed with the Russian group Bi-2. For 2021, experts estimated the company's share in the Russian recording market at approximately 15-20%. Sony Music Entertainment LLC's revenue in 2021 amounted to 2.56 billion rubles ($42.7 million). Net profit amounted to 132.9 million rubles ($2.22 million).