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== Corporate affairs == | == Corporate affairs == |
Revision as of 00:56, 26 July 2023
This article is a work-in-progress because it is incomplete and pending further input from an author. Note: The contents of this article are not considered canonical and may be inaccurate. Please comment on this article's talk page to share your input, comments and questions. |
Company type | Public |
---|---|
PME | |
Industry | |
Founded | 5 January 1972; 57 years ago |
Headquarters | , |
Area served | Worldwide |
Key people |
|
Revenue | $15 billion |
Owner | Petalstone Group (51%) |
Number of employees | 9,250 |
Petalstone Music Entertainment, Inc., often abbreviated as PME and referred to as just Petalstone Music, is a multinational music corporation based in Caphiria. It is the music entertainment business unit of the Petalstone Group conglomerate, which has been majority-owned and managed by the Venio-Porza Sodesterium since 2011.
Founded in 1972, Petalstone Music has, over the course of its 50-plus-year history, evolved from a regional vinyl manufacturer to a formidable international music entity. Throughout the company's growth, Petalstone has retained its commitment to artistry, innovation and entrepreneurship that have characterized its iconic spots in the evolution of music. With a legacy of artist-centricity, Petalstone Music has championed and helped shape the careers of an unparalleled roster of artists - from groundbreaking acts such as popstar Adriana Dutra to chart-topping bands like CHRONICLE. From 2003 to 2007, Petalstone Music was responsible for launching the careers of nearly 25% of the top 20 new artists in Caphiria. In the digital age, Petalstone Music has been at the forefront of adapting and thriving in the evolving musical landscape; it was the first Caphirian music corporation to fully digitize its catalog, partnering with music streaming company Songbird and setting the industry standard. This allowed the company to expand globally more rapidly, and today, Petalstone’s music can be streamed on all leading digital platforms in over 150 countries.
Petalstone Music is one of the largest global recorded music companies and one of the largest music publishers in the world. Petalstone Music owns the publishing rights to over 5 million compositions. It operates 6 flagship record labels: Petalstone Records, Alloy Recordings, Trident Records, Centurion Music, Pegasus Records, and Erulum Recordings. Petalstone Music also operates over 20 genre-specific sub-labels. The company is notable for spending large sums to acquire the rights to the catalogs of some of the world's most successful artists, such as Zenza.
Sorio Dianvecco has been the Principal Executive of Petalstone Music since 2020.
History
Organization
Record labels
Petalstone Records
Alloy Recordings
Trident Records
Centurion Music
Pegasus Records
Erulum Recordings
Notable artists
- Adriana Dutra
- CHRONICLE
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