Sony Music UK CEO Nick Gatfield has said the future of the music business is looking “more positive than it has for a very long time,” as the label looks forward to a future of ‘international opportunities’ and investment in A&R.

Speaking at Sony’s annual showcase yesterday (Wednesday, September 10), the exec praised the label’s performance in the compilations market over the last year, global success from the likes of One Direction and ‘significant investment’ in new signings.

“Today is ...