Sony & Universal join forces to produce Asian music festivals

In addition to large-scale events, the record labels' new joint venture will seek to bolster Japanese artists' international activity

Summer Sonic
Japanese festival Summer Sonic will celebrate 25 years this year © Summer Sonic

Sony Music Entertainment (SME) and Universal Music LLC (UM) are dipping into Asia’s burgeoning festival sector with a new joint venture. The two Japanese offshoots of the record empires have come together to form Nine By Nine (NBN), with the aim of planning and producing music festivals across the continent.

Furthermore, the Tokyo-headquartered JV is seeking to bolster Japanese artists’ international activity.

In a joint statement, SME and UM – competitors in the recorded industry – highlighted the increasing…

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