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Industry Updates: Sony’s Making Money Moves

Ultra Records Expands:

Ultra Records, one of the top EDM labels in the business, has just expanded its operations throughout Scandinavia by hiring Michel Petré as the Managing Director for the region. Petré will be joining the label, which was recently acquired by Sony Music to fortify artist signings and to find new talent throughout the Nordic region.

Petré has 44 years of experience in the industry. He started out in Stockholm’s first import record stores and has held positions at Edel Music and Ministry of Sound. As for other accomplishments, Petré, Martina and Daniel Ledinsky cofounded Family Tree Music in 2004, which has grown into one of the leading independent companies in the Nordic Region.

This new talent acquisition to the Sony team demonstrates US companies’ growing interest in talent throughout the Scandinavian population, also highlighted by Sony/ATV ‘s launch of Stellar Songs Scandinavia last week.

Activism and Artists:

Many artists use their platform in order to speak out issues they view to be unjust. This week Selena Gomez used her power as an influencer to speak out against children being separated from their parents at the US-Mexico border. She discussed this controversial issue at the premiere of Hotel Transylvania 3: Summer Vacation in LA stating, “It’s extremely disheartening. There’s a lot of confusion and anger.”

In other news Panic! At the Disco’s frontman Brendon Urie pledged $1 million dollars towards setting up Gender and Sexuality and Gay-Straight Alliance clubs at schools throughout the United States. He’s partnered with GLSEN in order to make this possible. This partnership follows his creation of the Higher Hopes Foundation, which aims to support human rights advocacy in marginalized communities.

Minor Court Victory for Kesha:

A judge in New York has demanded that Sony Music must disclose the identities of the individuals they interviewed during the internal investigation into Lukas Gottwald also known as Dr. Luke. Gottwald is currently pursuing defamation claims against Kesha and is continuing to argue against the rape allegations she claims he perpetrated.

In a decision made on July 2nd, a New York Supreme Court Justice stated that Sony’s argument that releasing the names of those interviewed violates attorney-client privilege was invalid as the release of such names would not disclose the team’s legal strategy.

Cardi B Breaks More Ground:

Cardi B has become the first female rapper with two Hot 100 Number One Hits. With the success of “Bodak Yellow” and “I Like It” it seems that Cardi has cemented herself and an unstoppable female force in the music industry. This record was previously held by Lauryn Hill with “Doo Wop (That Thing)” and Iggy Azalea with “Fancy”.

Ground was further broken as Invasion of Privacy also became the first album to hold two Hot 100 Number one hits since Macklemore & Ryan Lewis’ record, The Heist. Cardi’s album debuted at number one in April, making Cardi B the fifth female rapper with a chart-topping LP.

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