Sony's Dreams come through for Virgin. (Dreams Come True; Virgin Records America)

Dreams Come True's first recorded album for Virgin Records will be released before the end of 1997 in Japan. Sony Music Entertainment Japan Inc., the group's first record label, seeks to squeeze some more profits from Dreams by releasing a greatest hits album before their new record is out in stores.

TOKYO Pop acts go through the revolving door of record labels with such frequency that news of one act leaving a label usually does not send shudders through financial markets.

But when the Japanese pop act Dreams Come True left Sony Music Entertainment Japan Inc., trading of the company's shares on the Tokyo Stock Exchange was on an ask-only basis as prices plummeted by about 10% in a ...

More articles like this:

Loading
We're searching over:
  • 60 million articles
  • 3,500 publications


Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) Register Register