Why Sony Music Hit Sour Notes In TokyoNeil Gross and Ted Holden
The $923 million initial public offering by Sony Music Entertainment Inc. ought to have been an attractive deal for investors. The country's top distributor of Japanese music software has an unrivaled stable of Japanese pop artists, not to mention Michael Jackson. An industry leader, the unit of electronics giant Sony Corp. has been a pioneer in such lucrative fields as compact-disk stamping and sales. Its healthy profit margins are above 15%.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Goldman Sachs Sees Four 2018 Fed Rate Hikes as U.S. Growth Gains
- Tesla Unveils ‘World’s Fastest Production Car’ and Electric Big Rig
- Norway Idea to Exit Oil Stocks Is ‘Shot Heard Around the World’
- Honda Recalls 800,000 Odyssey Minivans Linked to Injuries
- Why Are Critics Calling the $450 Million Painting Fake?