Sony 2001 Annual Report Download - page 37

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Sony Corporation Annual Report 2001
35
HIGH NOTES
Sade’s
Lovers Rock
and Ricky Martin’s
Sound Loaded
, together with releases by Destiny’s Child, Jennifer
Lopez, and Offspring, were multimillion-selling global successes for SMEI. Aggregate sales of new releases
by 3LW, Aerosmith, Cypress Hill, Celine Dion, Gloria Estefan, Lara Fabian, Fuel, Incubus, Wyclef Jean, KoRn,
Oasis, Pearl Jam, Rage Against The Machine, Train, Wu-Tang Clan, and other best-selling releases, sold more
than 70 million units worldwide.
ARTIST AND BUSINESS DEVELOPMENT
SMEI’s artist development efforts yielded million and multimillion sales of debut albums from Anastacia,
Crazy Town, Billy Gilman, Macy Gray, Lil Bow Wow, Jill Scott, and Son By Four, and second albums by Dixie
Chicks, Savage Garden, and Destiny’s Child. These albums contributed sales of 24 million units.
In May 2000, SMEI established a joint venture with Universal Music Group to launch an on-demand,
internet-based commercial music subscription service in 2001 called Duet that intends to offer licensed
content from many music companies on a non-exclusive basis. In April 2001, Duet announced its first
affiliate agreement, with Yahoo! Inc. (Yahoo!) whereby the music service will be marketed on all of Yahoo!’s
internet sites. Initial services will include streaming music, browsing, and search capabilities, and the
creation of personal playlists and music communities.
THOMAS D. MOTTOLA
Chairman and Chief Executive Officer
Sony Music Entertainment Inc.
R