Enterprise Solutions with Blockchain: Use Cases from Nestlé, Sony Music, and Workday

Total Page:16

File Type:pdf, Size:1020Kb

Enterprise Solutions with Blockchain: Use Cases from Nestlé, Sony Music, and Workday B L C 2 0 4 Enterprise solutions with blockchain: Use cases from Nestlé, Sony Music, and Workday Jon Fritz Tomoyuki Shirakawa Bjorn Hamel Armin Nehzat Senior Manager Solutions Architect Chief Security Architect Digital Technology Manager AWS Blockchain Sony Music Workday Nestlé Australia © 2019, Amazon Web Services, Inc. or its affiliates. All rights reserved. Agenda Introduction to blockchain Workday: Digital credential management Sony Music: Simplifying music contracts Nestlé: Increasing product transparency Conclusion Blockchain enables decentralized trust What is Amazon Managed Blockchain Amazon Managed Blockchain is a fully managed service that makes it easy to create and manage scalable blockchain networks using popular open source frameworks: Hyperledger Fabric and Ethereum Blockchain in many industries NOTARIZATION E-COMMERCE Proof of Ownership DIGITAL RIGHTS GLOBAL PAYMENTS Capital Markets HCLS Documents/Contracts ESCROW REMITTANCE Real Estate Digital Security Trading WAGERS P2P LENDING Legal SMART DIGITAL CONTRACTS CURRENCY Food and Beverage Agriculture TRUSTEES MICROFINANCE Mortgage Loans BLOCKCHAIN Gaming TECHNOLOGY Transportation Voting Mechanisms DEBT HEALTHCARE RECORD SECURITIES Supply Chain Patient Records KEEPING EQUITY TITLE RECORD Digital Advertising Corporate Governance PRIVATE MARKETS OWNERSHIP Power/Utilities Customer Rewards CROWDFUNDING SUPPLY CHAIN Retail Insurance DERIVATIVES INTELLECTUAL PROPERTY Content Rights Workday Credentials and Amazon Managed Blockchain Bjorn Hamel Chief Security Architect @bjarny [email protected] Safe Harbor Statement This presentation may contain forward-looking statements for which there are risks, uncertainties, and assumptions. If the risks materialize or assumptions prove incorrect, Workday’s business results and directions could differ materially from results implied by the forward-looking statements. Forward-looking statements include any statements regarding strategies or plans for future operations; any statements concerning new features, enhancements or upgrades to our existing applications or plans for future applications; and any statements of belief. Further information on risks that could affect Workday’s results is included in our filings with the Securities and Exchange Commission which are available on the Workday investor relations webpage: www.workday.com/company/investor_relations.php Workday assumes no obligation for and does not intend to update any forward-looking statements. Any unreleased services, features, functionality or enhancements referenced in any Workday document, roadmap, blog, our website, press release or public statement that are not currently available are subject to change at Workday’s discretion and may not be delivered as planned or at all. Customers who purchase Workday, Inc. services should make their purchase decisions upon services, features, and functions that are currently available. The Leading Enterprise Cloud for Finance and HR 40%+ 39,000,000+ of the 500 workers under contract #4 #2 100 Best Companies Best Workplaces in Technology, to Work For, Fortune Fortune 2019: Keynote Announcement Introducing Workday Credentials Workday Credentials for Enterprise • Issue and verify credentials ○ Through Workday HCM ○ Directly via the platform ○ Through APIs • Credentials are backed by blockchain • Built on open standards WayTo for Individuals • New application (iOS + Android) • Owned by the individual • Follows the user throughout their career Allows individuals to: • Claim credentials once issued • Securely hold credentials, on device • Securely share credentials Credentials Pay Stub Passport Transcript ID Digital Credentialing Passport Awards Certifications Transcript Education Pay Stub Experience ID Involvement Skills DEMO DEMO Anchoring Data to a Blockchain Data Authentic Data Is Shared User-Controlled Architecture Storage Control priv priv Data Is Shared Data Protocols Exchange Identifier Registry Id => Schema Id => Trust (Ledger) pub pub Partner Based Why Amazon Managed Blockchain? • Leverage our strengths • Ease adoption for our partners • Align with our technology platform • AWS is a great teammate Workday Credentials Issuer Visual APIs Metadata Verifier Apps Tools/Config Apps Hyperledger Fabric on Amazon Managed Blockchain Customer Workday Tenant Extract Apply for Loan Workday HR Credentialing Issue Digital Claim Credentialing Education Platform Share Institutions Apply for Job Bind Verify Hyperledger Fabric on Amazon Managed Blockchain Workday Credentialing Consortium Partner A Partner B Next Steps for Credentials • Limited availability release in 2020 • Working with early adopters now • Integrating more deeply into existing Workday products Next Steps for Amazon Managed Blockchain • Uptake improved monitoring and visibility • Get consortium members live in production • Scale up transactions and use • Pioneers and partners Tomoyuki Shirakawa Solutions Architect/Security Specialty Agenda Corporate profile Challenges for music contracts in Japan Building with Amazon Managed Blockchain Architecture © 2019, Amazon Web Services, Inc. or its affiliates. All rights reserved. Corporate Structure Sony Corporation Sony Corporation of America Sony Music Group Sony Interactive Entertainment Sony Pictures Sony/ATV Sony Music Sony Music Inc. Entertainment Inc. Music Publishing LLC Entertainment Inc. Entertainment (Japan) Inc. Game & Network Services Pictures Segment Music Segment Segment CONFIDENTIALCONFIDENTIAL 31 Corporate Overview as of 1st Apr 2019 Sony Music Entertainment (Japan) Inc. Representative Director Chairman CEO Michinori Mizuno Representative Director COO Shunsuke Muramatsu Address 4-5 Rokuban-cho, Chiyoda-ku, Tokyo, 102-8353 Japan Founded March 1968 Number of Employees Approximately 2,700 (Consolidated) Holding company dedicated to the management and Description of Business administration of its subsidiary companies Shareholder Sony Corporation100% 3,859 oku-yen (3.3 billion USD) Consolidated Annual Sales (Fiscal year ending March 31, 2019) CONFIDENTIALCONFIDENTIAL 32 © 2019, Amazon Web Services, Inc. or its affiliates. All rights reserved. Contract workflow: Ideal Consumers Composers Contract workflow: Reality Consumers Servicer 2. The publisher creates contracts with servicers 3. Servicers provide the content to consumers Composers Publisher Contract workflow: Reality Servicer • Contracts are created and shared as paper documents Composers Publisher Contract workflow: Reality Publisher Consumers Servicer Central Copyright Authority Composers Publisher Broadcast Media Contract workflow: Reality Publisher Consumers Servicer Central Copyright Authority Composers Publisher Broadcast Media Contract workflow: Reality Complex contract flow Using paper contracts increases management and labor costs Each organization operates its own management system based on non- standardized specifications Is there a better way? Blockchain can improve the workflow Publisher Blockchain Network Consumers Servicer Central Copyright Authority Composers Publisher Broadcast Media Benefits of using blockchain Simplifies the complex contract workflow Reduces management and labor costs Each entity can own an up-to-date immutable dataset of contracts © 2019, Amazon Web Services, Inc. or its affiliates. All rights reserved. Why we chose Amazon Managed Blockchain • Support for Hyperledger Fabric • Ease of use • Low cost • Integration with other AWS components Hyperledger Fabric Need to ensure transactions are reliable, secure, and immutable across the Japanese music industry rather than having a specific organization centrally manage this data Hyperledger Fabric enables a permissioned blockchain network across the industry Immutability and transparency Hyperledger Fabric allows each organization to own an immutable copy of the data Permission and governance Hyperledger Fabric offers access control on blockchain data Open source and enterprise grade Hyperledger Fabric is a leading enterprise blockchain framework Ease of use Deploy a blockchain network in just a few clicks Use blockchain resources in minutes Managed components and auto scaling peer node auto scaling storage reduces maintenance effort VPC endpoints make it easy to build applications securely in VPCs Low cost Amazon Managed Blockchain helped us achieve 75% cost savings over running it ourselves on Amazon EC2 Amazon Managed Blockchain vs. self-managed on Amazon EC2 Implementation phase 90% cost savings Ongoing phase 75% cost savings Integration with other AWS components Provisioning: AWS CloudFormation CI/CD: AWS CodeCommit, AWS CodeBuild, AWS CodePipeline Web application interface & authentication: Amazon API Gateway, AWS Lambda, Amazon Cognito Data store: Amazon S3, Amazon DynamoDB Monitoring: Amazon CloudWatch Security: AWS KMS © 2019, Amazon Web Services, Inc. or its affiliates. All rights reserved. Architecture Solution architecture AWS Cloud Composers Amazon Managed VPC of Publisher X Other Blockchain Publisher X VPC of Publisher A VPC of Rights Holder Y Publisher A AWS Lambda Other Publisher Y Architecture Solution architecture AWS Cloud Composers Amazon Managed • Composers ask Publisher A to Blockchain manage their rights registration VPC of Publisher A • Publisher A writes copyright information to Amazon Managed Blockchain using a web API Publisher A AWS Lambda Architecture Solution architecture AWS Cloud Amazon Managed VPC of Publisher X Other Blockchain Publisher X Architecture Solution architecture AWS Cloud Amazon Managed Blockchain • “Rights holder Y” also writes information
Recommended publications
  • Smart Speakers & Their Impact on Music Consumption
    Everybody’s Talkin’ Smart Speakers & their impact on music consumption A special report by Music Ally for the BPI and the Entertainment Retailers Association Contents 02"Forewords 04"Executive Summary 07"Devices Guide 18"Market Data 22"The Impact on Music 34"What Comes Next? Forewords Geoff Taylor, chief executive of the BPI, and Kim Bayley, chief executive of ERA, on the potential of smart speakers for artists 1 and the music industry Forewords Kim Bayley, CEO! Geoff Taylor, CEO! Entertainment Retailers Association BPI and BRIT Awards Music began with the human voice. It is the instrument which virtually Smart speakers are poised to kickstart the next stage of the music all are born with. So how appropriate that the voice is fast emerging as streaming revolution. With fans consuming more than 100 billion the future of entertainment technology. streams of music in 2017 (audio and video), streaming has overtaken CD to become the dominant format in the music mix. The iTunes Store decoupled music buying from the disc; Spotify decoupled music access from ownership: now voice control frees music Smart speakers will undoubtedly give streaming a further boost, from the keyboard. In the process it promises music fans a more fluid attracting more casual listeners into subscription music services, as and personal relationship with the music they love. It also offers a real music is the killer app for these devices. solution to optimising streaming for the automobile. Playlists curated by streaming services are already an essential Naturally there are challenges too. The music industry has struggled to marketing channel for music, and their influence will only increase as deliver the metadata required in a digital music environment.
    [Show full text]
  • Investor Group Including Sony Corporation of America Completes Acquisition of Emi Music Publishing
    June 29, 2012 Sony Corporation INVESTOR GROUP INCLUDING SONY CORPORATION OF AMERICA COMPLETES ACQUISITION OF EMI MUSIC PUBLISHING New York, June 29, 2012 -- Sony Corporation of America, a subsidiary of Sony Corporation, made the announcement noted above. For further detail, please refer to the attached English press release. Upon the closing of this transaction, Sony Corporation of America, in conjunction with the Estate of Michael Jackson, acquired approximately 40 percent of the equity interest in the newly-formed entity that now owns EMI Music Publishing from Citigroup, and paid an aggregate cash consideration of 320 million U.S. dollars. The impact of this acquisition has already been included in Sony’s consolidated results forecast for the fiscal year ending March 31, 2013 that was announced on May 10, 2012. No impact from this acquisition is anticipated on such forecasts. For Immediate Release INVESTOR GROUP INCLUDING SONY CORPORATION OF AMERICA COMPLETES ACQUISITION OF EMI MUSIC PUBLISHING (New York, June 29, 2012) -- An investor group comprised of Sony Corporation of America, the Estate of Michael Jackson, Mubadala Development Company PJSC, Jynwel Capital Limited, the Blackstone Group’s GSO Capital Partners LP and David Geffen today announced the closing of its acquisition of EMI Music Publishing from Citigroup. Sony/ATV Music Publishing, a joint venture between Sony and the Estate of Michael Jackson, will administer EMI Music Publishing on behalf of the investor group. The acquisition brings together two of the leading music publishers, each with comprehensive and diverse catalogs of music copyrights covering all genres, periods and territories around the world. EMI Music Publishing owns over 1.3 million copyrights, including the greatest hits of Motown, classic film and television scores and timeless standards, and Sony/ATV Music Publishing owns more than 750,000 copyrights, featuring the Beatles, contemporary superstars and the Leiber Stoller catalog.
    [Show full text]
  • And Duet Announce an Alliance to Present and Market the On-Demand Music Subscription Service Created by Sony Music Entertainment and Universal Music Group
    Yahoo! and Duet Announce an Alliance to Present and Market the On-Demand Music Subscription Service Created by Sony Music Entertainment and Universal Music Group SANTA CLARA, NEW YORK and PARIS -- April 5, 2001 -- Today, Yahoo! Inc. (Nasdaq: YHOO), a leading global Internet communications, commerce and media company, and Duet, the online digital music subscription service created by the world's two largest music companies, Universal Music Group and Sony Music Entertainment, announced an alliance to present and market Duet's U.S. service to visitors to the Yahoo! network and Yahoo!® Music (http://music.yahoo.com). The Duet subscription service is expected to launch this summer. The on-demand Duet subscription service will offer consumers the opportunity to access a broad range of quality music online with speed, ease of use, and reliability while respecting artists' rights. The service will provide music enthusiasts with the ability to compile personalized playlists and to share them with other Duet members, among other features. The Duet service is expected to launch with streaming music and plans to add downloads shortly thereafter. The Duet subscription service will offer music from Sony Music and Universal Music on a non-exclusive basis. Duet also expects to offer music from other companies, in order to provide consumers with the best experience and access to the most compelling selection of music available. "Yahoo! is pleased to join Sony Music and Universal Music, the world's two largest music companies, to promote the Duet subscription service to U.S. music fans," said Jeff Mallett, president and chief operating officer, Yahoo! Inc.
    [Show full text]
  • DENNIS KOOKER President, Global Digital Business and U.S
    Before the UNITED STATES COPYRIGHT ROYALTY JUDGES Library of Congress Washington, D.C. ) In re ) ) DETERMINATION OF ROYALTY ) DOCKET NO. 14-CRB-0001-WR RATES AND TERMS FOR ) (2016-2020) EPHEMERAL RECORDING AND ) DIGITAL PERFORMANCE OF SOUND ) RECORDINGS (WEB IV) ) ) TESTIMONY OF DENNIS KOOKER President, Global Digital Business and U.S. Sales, Sony Music Entertainment PUBLIC VERSION Witness for SoundExchange, Inc. PUBLIC VERSION TESTIMONY OF DENNIS KOOKER BACKGROUND My name is Dennis Kooker. I have been employed in the recorded music business for approximately 20 years. Since 2012, I have served as President, Global Digital Business and U.S. Sales, for Sony Music Entertainment (“Sony Music”), a wholly owned subsidiary of Sony Corporation, and currently the second largest record company in the United States. In this capacity, I am responsible for overseeing all aspects of the Global Digital Business Group and the U.S. Sales Group. The Global Digital Business Group handles business and partner development and strategy for the digital business around the world. The U.S. Sales Group oversees sales initiatives on behalf of each of Sony Music’s various label groups in the United States. The areas within the organization that report to me include Business Development & Strategy, Partner Development, Digital Finance, Digital Business & Legal Affairs, U.S. Sales, and Sony Music’s distribution service company, RED Distribution. From 2007-2012, I held two different positions at Sony Music. First, I was Executive Vice President, Operations, for the Global Digital Business and U.S. Sales, and oversaw physical sales, aspects of marketing and finance for the division, new product development, and customer relationship management activities in relation to Sony Music’s artist websites.
    [Show full text]
  • 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27
    Case 2:21-cv-05731 Document 1 Filed 07/15/21 Page 1 of 21 Page ID #:1 1 Rollin A. Ransom, SBN 196126 [email protected] 2 SIDLEY AUSTIN LLP 555 West Fifth Street 3 Los Angeles, CA 90013 Telephone: +1 213 896 6000 4 Facsimile: +1 213 896 6600 5 Attorney for Plaintiffs 6 UNITED STATES DISTRICT COURT 7 CENTRAL DISTRICT OF CALIFORNIA 8 SONY MUSIC ENTERTAINMENT; Case No. 9 SONY MUSIC ENTERTAINMENT US LATIN LLC; ZOMBA RECORDING COMPLAINT FOR: 10 LLC; ARISTA MUSIC; LA FACE RECORDS LLC; RECORDS LABEL, 1. DIRECT COPYRIGHT 11 LLC; and THE CENTURY MEDIA INFRINGEMENT; FAMILY, INC., 12 2. CONTRIBUTORY Plaintiffs, COPYRIGHT 13 INFRINGEMENT; vs. 14 3. VICARIOUS COPYRIGHT GYMSHARK LIMITED and DOES 1-10, INFRINGEMENT 15 Defendants. DEMAND FOR JURY TRIAL 16 17 18 19 20 21 22 23 24 25 26 27 28 Case 2:21-cv-05731 Document 1 Filed 07/15/21 Page 2 of 21 Page ID #:2 1 Plaintiffs Sony Music Entertainment; Sony Music Entertainment US Latin 2 LLC; Zomba Recording LLC; Arista Music; La Face Records LLC; Records Label, 3 LLC; and The Century Media Family, Inc. (collectively, “Plaintiffs” or “Sony 4 Music”), by and through their attorneys, allege as follows: 5 INTRODUCTION 6 1. Plaintiff Sony Music Entertainment is one of the world’s largest music 7 entertainment companies. Both directly and through its affiliated companies and 8 record labels, including the other Plaintiffs, Sony Music Entertainment produces, 9 manufactures, distributes, markets, sells and licenses some of the most iconic and 10 popular sound recordings of all time, as well as many of today’s biggest hits 11 2.
    [Show full text]
  • 2020'S BEST MUSIC MARKETING CAMPAIGNS
    BROUGHT TO YOU COURTESY OF ™ AMP IN ASSOCIATION WITH sandbox DECEMBER 09 2020 | Music marketing for the digital era ISSUE 266 2020’s BEST MUSIC MARKETING CAMPAIGNS Songtrust has the world's largest and most accessible network of direct global publishing relationships. Our easy to use platform enables you, and our 300,000+ clients, to register and collect performance and mechanical royalties directly around the world, without giving up any rights or any other revenues. ACCESS WHAT YOU'RE DUE SPONSOR PAGE PANDORA STORIES With Pandora Stories, artists and creators can add their voices to playlists and mixtapes. It’s the newest addition to AMP, Pandora’s suite of free and powerful tools for creators. The ability to combine music and storytelling allows artists to give their music more context while forging an even deeper connection with their fans, new and old. Artists can: • Share the stories behind the making of their music – influences, recording process, etc. • Supplement a podcast with a companion playlist using their own voice tracks. • Create a virtual setlist, complete with between song banter. • Program and promote career retrospectives, or deep dives into single albums. • Share their current favorite music with their fans. • Offer custom exclusive Stories as a premium or special offering for supporters on crowdfunding platforms. SANDBOX CAMPAIGNS OF THE YEAR 2020 2020’s BEST MUSIC MARKETING CAMPAIGNS elcome to Sandbox’s shortlist we had a record number of entries, from labels of the best, most original, and of all sizes from around the world. W most impactful music marketing campaigns of 2020. It’s a celebration of We’re very grateful for everyone who submitted remarkably innovative and creative work across campaigns for consideration – and we hope that a vast array of genres, with many notable in these campaigns you find a wealth of brilliant achievements notched up along the way.
    [Show full text]
  • Linkfire Renews Agreement with Sony Music Entertainment
    Press Release 24 August 2021 16:20:00 CEST Linkfire renews agreement with Sony Music Entertainment Linkfire has on 24 August 2021 renewed the agreement for providing its Saas Marketing Platform to Sony Music Entertainment globally. As one of the worlds’ largest record labels, Sony Music Entertainment has been an important partner to Linkfire for over half a decade. The new agreement extends until July 31 2023. Linkfire is the world’s leading Saas marketing platform for the music and entertainment industries with over 85,000 users, including labels representing the vast majority of the top 100 Billboard artists. For further information, please contact: Lars Ettrup, CEO, Linkfire A/S Telephone: +45 26 88 99 53 E-mail: [email protected] About Linkfire A/S Linkfire is the world’s leading Saas marketing platform for the music and entertainment industries. Linkfire’s offering consists of two solutions: the Linkfire SaaS Marketing Platform for labels and artists and the Linkfire Discovery Network connecting consumers to music products through apps and partner websites. Linkfire’s platform has over 85,000 users, including the vast majority of the top 100 Billboard artists and largest record labels. In 2020, 1.5 billion consumers were connected through Linkfire and the Company’s revenue amounted to DKK 24.7 million, corresponding to a year-on-year growth of 43 percent. Linkfire has 68 employees and is headquartered in Copenhagen, with additional offices in New York, Los Angeles and Lisbon. Linkfire is listed on Nasdaq First North Premier Growth Market, Sweden. For further information, please visit: linkfire.
    [Show full text]
  • 1. Walk the Moon
    Label Copy CD1 1. WALK THE MOON - Shut Up And Dance (Petricca / Ray / Waugaman / Maiman / Berger / McMahon) Published by W B Music Corp / Warner/Chappell North America Limited / Ryan McMahon Publishing Produced by Tim Pagnotta (P) 2014 RCA Records, a division of Sony Music Entertainment USRC11401949 3.17 2. Bastille – Pompeii (Smith) Published by Universal Music Publishing Ltd Produced by Mark Crew (P) 2013 Virgin Records Ltd. Licensed courtesy of Universal Music Group GBAAA1200795 3.34 3. Metro Station - Shake It (Cyrus / Musso / Healy / Improgo) Published by EMI Music Publishing Limited (MCPS/BIEM) Produced by S*A*M / Sluggo (P) 2007 Columbia Records, a division of Sony Music Entertainment USSM10800776 3.02 4. Sam Sparro - Black & Gold (Falson / Rogg) Published by EMI Music Publishing Ltd. Produced by Jesse Rogg & Sam Sparro (P) 2007 Universal Island Records Ltd. A Universal Music Company. Licensed courtesy of Universal Music Group GBUM70800413 3.30 5. Owl City - Fireflies (Young) Published by Ocean City Park (Universal Music Corp.) ASCAP / Universal/MCA Music Limited Produced by Adam Young (P) 2009 Universal Republic Records, a division of UMG Recordings, Inc. Licensed courtesy of Universal Music Group USUM70916628 3.14 6. Orson - No Tomorrow (Rachild / Astasio / Cano / Pebworth / Jen / Roentgen) Published by Universal Music Publishing Ltd. Produced by Noah Shain, Orson and Chad Rachild (P) 2006 Mercury Records Limited Licensed courtesy of Universal Music Group GBUM70500865 2.48 7. Just Jack - Starz In Their Eyes (Allsopp) Published by Just Jack Ltd./Universal Music Publishing Ltd Produced by Jack Allsopp & Jay Reynolds (P) 2006 Mercury Records Limited Licensed courtesy of Universal Music Group GBUM70604909 3.10 8.
    [Show full text]
  • Sony Music Entertainment and Tencent Announce a Strategic Distribution Arrangement for Mainland China
    SONY MUSIC ENTERTAINMENT AND TENCENT ANNOUNCE A STRATEGIC DISTRIBUTION ARRANGEMENT FOR MAINLAND CHINA Landmark Agreement to bolster China’s fast developing consumer digital music market SHENZHEN/HONG KONG/NEW YORK, Tuesday, 16th December, 2014 Sony Music Entertainment (Sony Music) and Tencent Holdings Limited (“Tencent”, SEHK stock code: 0700) today announced an exciting strategic cooperation arrangement for the online digital distribution of Sony Music’s audio music master recordings in mainland China. Under the main terms of this major initiative, Tencent will distribute Sony Music’s repertoire via Tencent’s QQ Music services and manage the online distribution of Sony Music’s repertoire to legitimate local Chinese audio online music services in mainland China. Through Tencent’s advanced technological infrastructure and massive user-base and Sony Music’s music entertainment expertise and highly-talented artists’ music content, this new strategic arrangement will enable Tencent to provide an enhanced consumer experience music model in mainland China. Under the new strategic arrangement, Tencent will also promote Sony Music’s artists extensively on its platforms as well as license to other local online music service providers to sub-distribute Sony Music’s repertoire releases to their consumers in mainland China. Tencent will also leverage its popular gaming, mobile and social platforms (such as China’s leading social media service QQ that has more than 820 million monthly active uers) as well as its distribution capabilities to promote both Sony Music’s highly talented local and international artists and their music in mainland China. From a broader marketing perspective, Sony Music will continue to market its artists across a multitude of on-ground, online and other media platforms to connect with music fans right across the country with the aim to enhance the consumer experience and access to music and artists information.
    [Show full text]
  • Music Industry Intermediation in the Digital Era and the Resilience of The
    Music industry intermediation in the digital era and the resilience of the Majors’ oligopoly: the role of transactional capability Rémy Guichardaz, Laurent Bach, Julien Penin To cite this version: Rémy Guichardaz, Laurent Bach, Julien Penin. Music industry intermediation in the digital era and the resilience of the Majors’ oligopoly: the role of transactional capability. Industry and Inno- vation, Taylor & Francis (Routledge), 2019, 26 (7), pp.843-869. 10.1080/13662716.2018.1561357. hal-02182067 HAL Id: hal-02182067 https://hal.univ-lorraine.fr/hal-02182067 Submitted on 6 Jan 2020 HAL is a multi-disciplinary open access L’archive ouverte pluridisciplinaire HAL, est archive for the deposit and dissemination of sci- destinée au dépôt et à la diffusion de documents entific research documents, whether they are pub- scientifiques de niveau recherche, publiés ou non, lished or not. The documents may come from émanant des établissements d’enseignement et de teaching and research institutions in France or recherche français ou étrangers, des laboratoires abroad, or from public or private research centers. publics ou privés. Music Industry Intermediation in the Digital Era and the Resilience of the Majors’ Oligopoly: The Role of Transactional Capability Rémy GUICHARDAZ, Laurent BACH, Julien PENIN University of Strasbourg, CNRS BETA UMR 7522 F-67000 Strasbourg, France Corresponding author: [email protected] Abstract The digital revolution has significantly impacted on the traditional business model of the music industry by lowering barriers to market entry. This change is usually depicted as a throwback to the past in which artists have more control and autonomy in the business thanks to a new range of online intermediaries that challenge the big incumbent firms, the so-called “Majors” (Universal, Sony, and Warner).
    [Show full text]
  • Case No COMP/M.6459 - SONY/ MUBADALA DEVELOPMENT/ EMI MUSIC PUBLISHING
    EN Case No COMP/M.6459 - SONY/ MUBADALA DEVELOPMENT/ EMI MUSIC PUBLISHING Only the English text is available and authentic. REGULATION (EC) No 139/2004 MERGER PROCEDURE Article 6(1)(b) in conjunction with Art 6(2) Date: 19/04/2012 In electronic form on the EUR-Lex website under document number 32012M6459 Office for Publications of the European Union L-2985 Luxembourg EUROPEAN COMMISSION In the published version of this decision, some Brussels, 19/04/2012 information has been omitted pursuant to Article C(2012) 2745 17(2) of Council Regulation (EC) No 139/2004 concerning non-disclosure of business secrets and PUBLIC VERSION other confidential information. The omissions are shown thus […]. Where possible the information omitted has been replaced by ranges of figures or a general description. MERGER PROCEDURE To the notifying parties: Dear Sir/Madam, Subject: Case No. COMP/M.6459– Sony/ Mubadala/ EMI Music Publishing Commission decision pursuant to Article 6(1)(b) in conjunction with Article 6(2) of Council Regulation No 139/20041 1. On 27 February 2012, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which Sony Corporation of America and Mubadala Development Company PJSC acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of the whole of the undertaking EMI Music Publishing, which currently forms part of the EMI Group, by way of purchase of shares and assets. Sony and Mubadala are collectively referred to as “the Parties”. EMI Music Publishing will be administered by Sony/ATV.
    [Show full text]
  • A Careful Examination of the Live Nation-Ticketmaster Merger
    Marshall-Wythe School of Law A CAREFUL EXAMINATION OF THE PROPOSED LIVE NATION- TICKETMASTER MERGER Alan J. Meese William & Mary Law School Barak D. Richman Duke University School of Law William & Mary Law School Research Paper No. 09-41 This paper can be downloaded without charge from the Social Science Research Network Electronic Paper Collection: http://ssrn.com/abstract= 1542626 A Careful Examination of the Proposed Live Nation-Ticketmaster Merger Alan J. M eese* Barak D. Richman** People deserve better. They deserve the truth. They deserve honesty. The best music, you can seek some shelter in it momentarily, but it's essentially there to provide you something to face the world with. --Bruce Springsteen God have mercy on the man who doubts what he's sure of. “Brilliant Disguise” Tunnel of Love (1987) As great admirers of The Boss and as fans of live entertainment, we share in the popular dismay over rising ticket prices for live performances. But we have been asked as antitrust scholars to examine the proposed merger of Live Nation and Ticketmaster, and we do so with the objectivity and honesty called for by The Boss’s quotes above. The proposed merger has been the target of aggressive attacks from several industry commentators and popular figures, but the legal and policy question is whether the transaction is at odds with the nation’s antitrust laws. One primary source of concern to critics is that Ticketmaster and Live Nation are two leading providers of ticket distribution services, and these critics argue that the merged entity would have a combined market share that is presumptively anticompetitive.
    [Show full text]