Sony Music Entertainment has made a significant move in the European music market by acquiring Supraphon, one of the Czech Republic's most established record labels. Founded nearly a century ago, Supraphon boasts an extensive catalog that spans multiple genres, from classical and jazz to pop and rock, as well as spoken word recordings. This acquisition not only bolsters Sony's presence in Central Europe but also enhances its ability to promote local talent on a global scale.

The Czech Republic's recorded music industry saw substantial growth in 2023, generating $84.1 million, with streaming services contributing over 60% of this revenue. The acquisition ensures continuity for Supraphon's management team, with current Managing Director Libor Holeček retaining his position, while Martin Kudla continues as Executive Director. Iva Milerová, former Chairwoman of Supraphon’s Board of Directors, will remain in an advisory capacity. Supraphon's roster includes renowned artists such as Karel Gott, Lucie Bílá, and Marek Ztracený, alongside classical ensembles like the Pavel Haas Quartet and the Czech Philharmonic Orchestra.

Daniel Lieberberg, President of Sony Music Entertainment Continental Europe and Africa, emphasized Supraphon's pivotal role in Czech music heritage. He highlighted the alignment between Supraphon's commitment to nurturing local talent and Sony's dedication to artist development. "We are proud to welcome Supraphon to our family and look forward to empowering local artists with our global expertise," Lieberberg said. This acquisition marks another step in Sony's aggressive M&A strategy, following recent deals in Greece and Spain, underscoring the company's commitment to expanding its footprint in emerging markets.

This strategic move by Sony reflects a broader trend in the music industry towards consolidating regional labels to foster greater cultural exchange and artistic development. By integrating Supraphon's rich history and diverse catalog, Sony is not only strengthening its market position but also promoting the international visibility of Czech and Slovak artists. Such initiatives contribute positively to the global music ecosystem, encouraging innovation and supporting the careers of talented musicians worldwide.