Between wrapping boxes of Cohibas and stuffing the stockings of low-paying song users with coal,
Marty Bandier wrote the folks at
Sony/ATV a final, heartfelt year-end message. He gives shout-outs to
Drake,
Lady Gaga,
Ed Sheeran,
Queen,
Brian Monaco,
Joe Puzio and
Guy Moot, among others.
Here’s Marty’s message to the troops:
Dear all,
This time of year is often one of contemplation as we reflect upon the events of the last 12 months and look forward to the coming year. As we prepare to take some time off for the holidays and enjoy a well-deserved break, for me this period of reflection takes on an added significance as I think about not only everything that we have achieved together in 2018 but since I joined
Sony/ATV as Chairman and CEO in 2007.
As you know, I will be leaving the company at the end of March so this will be my final end-of-year message to you. But while I am sad that I will soon be saying goodbye after 12 wonderful years, I am also immensely proud of where the company is now compared to when I started. Back then we were only the fourth largest music publisher. Now we are the world’s No. 1 with a roster of songwriters and a catalog of songs that are the envy of the industry and a team of executives who are in a class of their own. It has been an amazing experience working with you all and I can say without hesitation that my time at Sony/ATV has been the absolute highlight of my career.
What is particularly rewarding for me is that I know that I will be leaving this company in the greatest shape possible. We are on course to achieve our best financial results ever, reflecting another incredible year for Sony/ATV and our songwriters. A major highlight was
Sony Corporation buying out the other
EMI Music Publishing investors, giving it 100% ownership of the company. I am particularly proud of this accomplishment given my long history with EMI where I spent 17 happy and hugely successful years and oversaw its rise to become the No. 1 music publisher, just as would later happen with Sony/ATV.
Whenever I look back on a year and sum up our achievements, I always start with our songwriters because they are why we are all here. This year is no exception but, as usual, there is not enough space to mention everyone that I would like to, so please allow me to highlight just a few of them.
These include
Drake, who has spent much of 2018 at No. 1 around the world, including in the U.S. where his songs occupied the #1 position on the
Billboard Hot 100 chart for 29 weeks, a record achievement for an artist in a calendar year. He was Billboard,
Spotify and
Apple Music’s artist of the year, had the year’s biggest Hot 100 hit with “God’s Plan” and was only prevented from having Billboard’s top album of 2018 by our own
Taylor Swift, who not surprisingly also had another amazing year.
The multi-talented
Lady Gaga’s career has risen to new heights in 2018 thanks to the movie and soundtrack album
A Star Is Born for which she has received both
Grammy and
Golden Globe nominations.
Ed Sheeran has further enhanced his status as a one-man hit machine with chart successes not just for himself but as a writer for a number of other artists across numerous genres, while recent Sony/ATV signings
Cardi B and
Travis Scott have firmly established themselves as global superstars.
I would also like to mention
Queen, whose amazing biopic
Bohemian Rhapsody has become a major box-office hit around the world and helped to generate continued interest in the group’s timeless music, including among advertisers where a number of major brands such as
Amazon,
Google and
Heineken have licensed their diverse songs this year.
Our creative successes are reflected in a very strong showing for Sony/ATV in the recently-announced Grammy nominations. We are represented on 118 nominations overall, including six of the eight songs competing for Song of the Year where there are nominations for Drake, Lady Gaga,
Sarah Aarons,
Boi-1da,
Ella Mai,
Sounwave and
Geoff Warburton. Our other nominees include Cardi B, Taylor Swift,
P!nk,
Camila Cabello, Travis Scott, Ella Mai,
Louis Bell and
Jorja Smith (who is nominated for Best New Artist).
Ella Mai, Travis Scott,
Daniel Caesar and
Lil Skies were among a number of new songwriter signings in the U.S. this year under
Danny Strick and
Rick Krim and their teams. Our A&R teams around the world have also been busy strengthening their respective rosters.
Led by
Joe Puzio, our Finance, IT, HR and Administration teams once again supported all areas of our business and contributed to the achievement of our targets during the year. Noteworthy successes this year included implementing the new accounting standard for revenue recognition, providing extensive financial information and analysis which was used by the European Commission and Sony Corporation in connection with the acquisition of EMI, and working to consolidate EMI with Sony/ATV.
The completion of Sony’s acquisition of EMI was a major achievement for all of us and was cleared by the European Commission without conditions. The deal was a standout moment in a landmark year on the legislative and deal-making front. Under
Peter Brodsky’s team in New York and
Antony Bebawi’s in London, we completed a series of new digital deals, including a groundbreaking agreement with
Facebook, and played a leading role in the U.S. in achieving significantly improved topline streaming rates from the
Copyright Royalty Board and the passing of the
Music Modernization Act (MMA) into law.
The MMA is particularly special as this historic piece of legislation will go a long way to delivering the fair compensation that we have long fought for on behalf of our songwriters as recognition of the essential contribution they make to the flourishing music streaming services.
Sony/ATV’s U.K. office under
Guy Moot has had another memorable year, having scored No. 1 hits with local artists including Ed Sheeran,
Calvin Harris and
Clean Bandit, renewed deals with key writers such as Calvin,
Sia and
Sean Paul and won Publisher of the Year at the
Music Week Awards. Our international offices under
Guy Henderson have also had a number of successes to report, including new studio complexes opening in Sweden and China, further digital expansion across South-East Asia and synch success across virtually every international territory.
Led by
Brian Monaco, our sync team continues to excel and its many successes this year include licensing the
Beatles songs “Come Together” and “Help” to Google and hosting a series of successful songwriting sync camps. We signed a number of licensing deals out of the French office with leading fragrance and make-up brands such as
Chanel,
Dior and
L’Oreal Paris, while an impressive number of our holiday songs have been licensed for ad campaigns around the world.
Finally, I would like to take this opportunity to thank you all for everything that you have done this year to continue to make Sony/ATV the world’s leading music publisher. I wish you and your loved ones all the very best for the holidays and I am looking forward to closing out our financial year in 2019 on a real high.
Regards,
Martin Bandier
