The Association For Electronic Music’s CEO Mark Lawrence has told Music Week that Sony’s acquisition of Ministry Of Sound Recordings is a “massive complement to electronic music”, but warned that it highlights the “damage streaming is doing to independent labels”.
“I think the final analysis is that Ministry Of Sound Recordings simply couldn’t continue in a streaming-led environment without the backing and scale of a major label,” he said. “I fear this is the first of many sales to ensure ...
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