Industry Ink (3/28/14)

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• March 28, 2014

sony corporation logo1Sony has named Kenichiro Yoshida, Executive VP, Chief Strategy Officer and Deputy CFO, as the company’s new Executive Vice President and CFO; Yoshida will replace Masaru Kato on April 1, according reports by various outlets. Sony, led by CEO Kaz Hirai, announced the personnel change on Friday (March 28).

Yoshida joined Sony in 1983, and has been deputy CFO since December 2013.

Kato will retire as CFO, but will remain a Director of Sony and become vice chairman.

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shazam logo1British music discovery company Shazam has narrowed its losses, increasing revenues by 42 percent in the last financial year, for a total of $51.6 million. Those numbers are up from $36.3 million the previous year.

Pre-tax losses equaled $2.2 million, compared to $5 million the previous year, according to numbers filed at London’s Companies House for the financial year ended 30 June 2013. Shazam is currently available in more than 200 countries; the company formed in 2000.

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amazon112310Amazon has denied a Wall Street Journal report that claimed Amazon is working on a free video streaming service as an alternative to its Prime Instant Video subscription, according to Billboard.biz.

“We have a video advertising business that currently offers programs like First Episode Free and ads associated with movie and game trailers, and we’re often experimenting with new things, but we have no plans to offer a free streaming media service,” an Amazon statement read.

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About the Author

Jessica Nicholson serves as the Managing Editor for MusicRow magazine. Her previous music journalism experience includes work with Country Weekly magazine and Contemporary Christian Music (CCM) magazine. She holds a BBA degree in Music Business and Marketing from Belmont University. She welcomes your feedback at [email protected]

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