In a rare interview inside the new issue of Music Week, Sony Music COO Nicola Tuer spoke of her company’s ambitions to dominate the music industry, saying “Sony’s not happy to be No.2 anymore.”
Discussing the major’s acquisition of Ministry Of Sound earlier this year, she continued, “We always wante to be No.1, whether it’s compilations, albums, singles – that should be the aim. We want to be the most successful in everything we do. And we are genuinely really excited about Ministry.”
Sony are responsible for a whopping 40.05% of market share across all albums according to Official Charts Company figures for week 45, while they sit at 22.7%, behind Universal (32.8%) in the year to date standings.
But Tuer says times are changing. “In the last year things have been really coming together. Jason [Iley, Sony UK chairman/CEO] has rejuvenated the company. There’s fire in our belly now and perhaps before there hasn’t been as much. We’re aiming to be as good as we possibly can, in every genre. We’ve got some really exciting new artists and that’s the way we’ll do it.”
In the interview, which can be read in full here or in this week’s edition of Music Week (out now), Tuer speaks about her success with Ward Thomas, Elvis Presley catalogue releases and looks back on a glittering music industry career.
The interview is part of a Women In Music Awards special, Tuer was named Businesswoman Of The Year at last week's ceremony. Revisit its most amazing moments here.