TOKYO: The merger of Sony Music and BMG could bring a whole new stable of recording artists to listeners hooked on Sony Corp's electronics, but analysts say the alliance is more about minimising risk than seeking gain.
The proliferation of file-sharing services such as KaZaa and a weaker retail market pushed Sony's music business – 8% of group revenues – into the red, with an operating loss of 8.7 billion yen (US$79mil) in the year to March 31.
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