RUMOR MILL
Back to Rumor Mill >
Friday, April 27, 2018

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.

 
BACK TO RUMOR MILL
 
TOP 20: JUST TRUST US
A second sonic Boom (4/18a)
Check It Out Now
ON THE COVER:
AARON BAY-SCHUCK
AND TOM CORSON
Bunny's hoppin' again. (4/17a)
Check It Out Now
NEAR TRUTHS:
PRIMARY NUMBERS
Hats off to Larry (4/17a)
Check It Out Now
TAY’S FORTHCOMING DEBUT: WE ARE TORTURED BY SPECULATION
So many questions (4/17a)
Check It Out Now
THE COUNT: COACHELLA, FROM THE COUCH
The coziest way to experience the fest (4/19a)
Check It Out Now
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)

By clicking submit you are agreeing
to Terms and Conditions