Raad Ahmed
December 1, 2021

💿 leaked Sony Music memo

My takeaways:

  • New releases break-even or lose money. Reissues, live albums, and greatest hits generate 200% of profits

  • Pay tech companies more per stream so they’re incentivized to grow their user base and attract more capital, which gives record companies a growing audience

  • Sony’s revenue will decrease but their profits will be larger because margins will improve