Kygo has accumulated over 8.5 billion streams and 47 million track equivalent streams worldwide under Sony. The goal of this new endeavor is the development of a new artist management company aimed at finding and supporting new talent.
CEO of Sony Music Rob Stringer noted:
“We are thrilled to be expanding our successful relationship with Kygo and Myles. Kygo is one of the most forward-thinking and exciting artists in music today, and Myles is among the most innovative, creative artist developers around. This feels like a natural extension of our partnership as we develop together the musical output of Palm Tree Records.”