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Sony Music shuts down its booking agency in Finland

By | Published on Friday 17 August 2018

Sony Music

Sony Music Finland has closed down the booking agency it has been operating in the country for the last decade. Its operations will be taken over by the Fullsteam Agency, which is owned by German concert promoter FKP Scorpio, which in turn is majority owned by ticketing and live music giant Eventim.

IQ quote Sony Music Finland MD Wemppa Koivumäki as saying: “Fullsteam Agency is the perfect partner to take care of our artist roster, and I believe that this collaboration will create many benefits for our artists”.

There have been various dabblings in the live music space by the major record companies in Europe over the last decade, though a number have recently come to an end. For example, Warner Music has sold off live music units in Italy and Germany in the last eighteen months.

All of which is possibly a sign that major label divisions keen to diversify a decade ago when the record industry was at its lowest ebb are now equally keen to refocus their energies back onto recorded music, given the sector is back in growth.