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Sony Music exits Russia due to Ukraine war

Sony Music exits Russia due to Ukraine war

[html]TOKYO (Reuters) -Sony Group Corp’s music business has exited Russia, transferring the business and musicians to local management, due to the Ukraine conflict. “As the...
                              

TOKYO (Reuters) -Sony Group Corp’s music business has exited Russia, transferring the business and musicians to local management, due to the Ukraine conflict.


“As the war continues to have a devastating humanitarian impact in Ukraine, and sanctions on Russia continue to increase, we can no longer maintain a presence in Russia,” Sony Music said in a statement.


It did not disclose further details of the transaction.


The music business suspended operations in Russia earlier this year following that country’s invasion of Ukraine.


Russia calls its actions in Ukraine a “special operation”.


(Reporting by Sakura Murakami and Sam Nussey; Editing by Christopher Cushing)


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