Quantcast

SONY MUSIC HAS A $4B YEAR

Numbers don’t lie: Rob Stringer had a great first year running Sony’s music division, as revenue rose 12.2% to more than $4b.

The company also posted a $1b quarter in the traditionally fallow January-March period, a nearly 22% jump over the company’s fiscal 2017 fourth quarter.

Streaming was responsible for 44% of Sony Music’s revenues, $1.8b, a rise of 37% over 2016. Physical sales were also up a smidge, coming in at $1.2b. Revenues from downloads were off by 18%—$449.4m—and other recorded music revenue was up 9% to $582m.

Biggest sellers were P!nk’s Beautiful Trauma, DJ Khaled’s Grateful, Camila Cabello’s Camila, Khalid’s American Teen and Harry Styles’ self-titled album.

Profits for Sony overall hit $4.5b, thanks to success in the gaming division, semiconductor business and blockbuster movies such as Spider-Man: Homecoming and Jumanji: Welcome to the Jungle.

 

 

SONG REVENUE:
’TIS THE SEASON
It's the most wonderful time of the year. (12/8a)
MEDIABASE ’22:
THE BIG RED #1
Red and Gray, more accurately (12/8a)
HIPGNOSIS' LATEST NUMBERS ARE REMERCKABLE
...and mesmerizing. (12/8a)
SWIFT, FUTURE LEAD 2022 RIAA TALLY
Of course they do. (12/8a)
GRAMMY NOMS:
THE LIST
For your consideration (12/6a)
GRAMMY HANDICAPPING
Who's likely to win in the major categories? We have no idea.
THE NEXT BIG PLAYER
in the catalog game is...
TRUMP CORP II
Totally less fraudulent than Trump Corp.
IS IT CHRISTMAS YET?
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)