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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Sony Corporation    6758   JP3435000009

SONY CORPORATION

(6758)
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TikTok signs deal with Sony Music to expand music library

11/02/2020 | 12:00pm EST
FILE PHOTO: The TikTok logo is pictured outside the company's U.S. head office in California

(Reuters) - Short video-sharing app TikTok said on Monday it had signed a deal with Sony Music Entertainment that will give all its users access to Sony's portfolio of music including global artists such as Beyonce, Martin Garrix and Harry Styles.

The deal will allow Sony Music to use TikTok's platform, home to several viral internet trends and where emerging artists have garnered fans quickly, to promote its artists. (https://bit.ly/37YXl4m)

The partnership comes a day after the U.S. Commerce Department said it would "vigorously defend" an executive order that seeks to bar transactions with Chinese-owned TikTok after a federal judge halted the action.

TikTok signed similar deals with UK-based non profit Merlin earlier this year, in a bid to expand its music library and a multi-year partnership with Paris-based Believe, a music platform for independent artists, in July.

(Reporting by Chavi Mehta and Eva Mathews in Bengaluru; Editing by Shounak Dasgupta)


© Reuters 2020
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Financials
Sales 2021 8 550 B 82 566 M 82 566 M
Net income 2021 801 B 7 740 M 7 740 M
Net cash 2021 2 492 B 24 066 M 24 066 M
P/E ratio 2021 16,1x
Yield 2021 0,47%
Capitalization 13 112 B 127 B 127 B
EV / Sales 2021 1,24x
EV / Sales 2022 1,13x
Nbr of Employees 111 700
Free-Float 97,7%
Chart SONY CORPORATION
Duration : Period :
Sony Corporation Technical Analysis Chart | 6758 | JP3435000009 | MarketScreener
Technical analysis trends SONY CORPORATION
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 11 891,50 JPY
Last Close Price 10 605,00 JPY
Spread / Highest target 41,4%
Spread / Average Target 12,1%
Spread / Lowest Target -20,8%
EPS Revisions
Managers and Directors
NameTitle
Kenichiro Yoshida Co-Chairman, President & Chief Executive Officer
Shuzo Sumi Co-Chairman
Hiroki Totoki Chief Financial Officer, Director & Vice President
Toru Katsumoto Chief Technology Officer & EVP
Makoto Toyoda Chief Information Officer & Executive Officer
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