Petalstone Music
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| 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 subsidiary of the Petalstone Group conglomerate, which has been majority-owned and managed by Juno, a private corporate entity owned by business tycoons Alexandus Venio II and Sando Porza 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. In addition to its flagship Petalstone Records, Petalstone Music operates 4 other main labels - Vescona Music, Molată Entertainment, Devecus Records, and Pegasus Records. It also operates over 20 genre-specific and region-specific sub-labels. PME is known 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
Established in 1972 - the same year the parent company was founded, Petalstone Records is synonymous with a diverse and rich catalog that includes iconic artists and bands from a wide array of genres, including pop, rock, jazz, and country. The label is known for its artist-friendly ethos and commitment to nurturing talent over the long term.
Vescona Music
Founded in 1982, Alloy Recordings started as a heavy metal and hard rock label. Today, it has grown to encompass a broad range of alternative and independent music. It’s known for identifying and fostering edgy and innovative talent, and has been instrumental in the success of many punk, grunge, and indie rock bands.
Molată Entertainment
Molata Records, founded in 1991, is renowned for its influence in the hip-hop and R&B music scene. The label has signed and helped shape the careers of numerous Opus-winning artists and continues to be a major player in contemporary music. It’s widely regarded for its focus on authenticity and cultural relevance.
Devecus Records
Established in 1996, Devecus Music Group is a label dedicated to classical and orchestral music. With a roster that includes acclaimed soloists, ensembles, and conductors, the label has made significant contributions to the classical music landscape. It is also recognized for its high-quality audio recordings and elegantly packaged releases.
NØW WØRLDWIDE
NØW WØRLDWIDE is an electronic music record label. Formed in 1999, NØW WØRLDWIDE has been at the forefront of the global EDM movement and also organizes and promotes electronic music festivals worldwide. Since 2012, the label has organized a series of concerts in major cities known as the LØUD PARTY. The label is known for its eclectic roster of artists, DJs, and producers, as well as the diversity of its music library. In addition to its flagship label, there are many sub-labels that cater to niche genres such as Babisì Worldwide, known for catering to Trancario music.
Notable acts include: CHRONICLE, Darico Bisevia, Busin, Katarina de Careaux, and Siegmar d'Artagne.
Notable artists
- Adriana Dutra
- CHRONICLE
- Alessandra Saraiva
- Busin
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