Quantcast

Sony Music posts quarterly loss

SIR HOWARD’S STRUGGLES: Sony Music may have climbed past UMG in marketshare this year in the U.S., but according to the parent company’s latest earnings report for the quarter ending June 30, overall sales at Sony’s music division fell 0.6% to 109.6 billion yen ($1.4 billion) when measured on global currencies. Crunching the numbers another way, however, operating income was up 61% on the quarter to 12.1 billion yen ($155.9 million), while SME eked out a modest gain when measured by local currencies. That’s good news compared to the rest of the company’s divisions: Sony lost 15.5 billion yen, or $199 million, buffeted by the aftereffects of the Japanese earthquake and the recent cyber attacks, lackluster TV sales and a strong yen. The company hopes to reverse its recent fortunes via the next-gen PlayStation, which has been dubbed the Vita, and its own tablet. More in the N.Y. Times. (7/29a)

NEAR TRUTHS: SPRING BLOOMS
Here come the big guns. (3/28a)
THE COUNT: COLDPLAY IS HOT, COUNTRY'S COOKIN' IN THE U.K.
The latest tidbits from the bustling live sector (3/28a)
CITY OF HOPE TAPS MARCIANO FOR TOP HONOR
This year's philanthropic model (3/28a)
TRUST IN THE TOP 20
Hip-hop is no longer hibernating. (3/28a)
UMG BROADENS SPOTIFY OFFERINGS
Sir Lucian and Daniel are in harmony. (3/28a)
THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)