Sony Music has introduced a new reporting structure for its operations in Asia and the Middle East. This will involve the creation of a series of hubs in the regions that will report to Sony’s headquarters in New York.
As part of the restructuring, Denis Handlin (who has overseen Sony Music’s Asia Pacific operations for the past decade) will head up the company in Australia and New Zealand.
Meanwhile, Shridhar Subramaniam takes up the new role of president of strategy and market development for Asia and the Middle East and he will be based out of New York. For the past 18 years he had been in charge of Sony Music India. Andrew Chan, who joined Sony in 2017, will operate as MD for China, Taiwan and Hong Kong. Joseph Chang will remain in his role as MD of Sony Music Entertainment Korea. Finally, Ariel Fung becomes EVP of Sony in Southeast Asia.
In our next country report (to be published next week), we look at the music business in South Korea, where an incredibly buoyant domestic market (and its staggering export power) is changing the business there. And while one in five people in the country subscribe to a streaming service, the CD business is growing significantly for certain genres, notably K-pop where fans buy multiple iterations of albums by key acts. As a bellwether for the region, South Korea shows how both digital and physical can grow in lockstep and that the future is not so binary.