Quantcast

ANOTHER $1B QUARTER FOR SONY

Sony Music had another solid quarter to end the calendar year as streaming revenues were up 21% and overall revenue was up 7.5% to $1.99 billion.

Profit for the music division’s quarter hit $333m.

Recorded music pulled in $1.16b, an 11.4% spike over 2018. Streaming was responsible for $667.7m,  representing 58% of Sony’s revenue in the company’s quarter, which ended 12/31. The company’s margins are around 17%.

Top sellers included Harry Styles’ Fine LineLuke CombsWhat You See Is What You Get and Romance by Camila Cabello.

Apples-to-apples comparisons are difficult to the compute due to accounting adjustments and the consolidation of EMI Publishing. Publishing in the quarter was up 30.8% to $365m, an example of both growth in the business and the accounting of EMI revenues.

The forecast for the full fiscal year, which ends 3/31, is holding at  $7.8b for the music unit.

1 TRENDING TOPIC:
THE CAT’S PAJAMAS
Doja claws her way toward stardom. (4/16a)
NEW & DEVELOPING ARTISTS: Q2 EDITION
Who's next? (4/16a)
STREAMING SONGS:
POLO'S SOLO
"RAPSTAR" is accurately titled. (4/16a)
HITS LIST: RULES
FOR ENTRY
It's exclusive, but you're invited to come on in. (4/16a)
U.K. CHARTS: SWIFT TOPS THE BEATLES
She's huge on both sides of the pond. (4/16a)
RHYTHM, BLUES AND THE FUTURE
The musical tapestry we know as R&B.
WHO'S NEXT?
Predicting the next big catalog deal.
JUST THE VAX, MA'AM
Once we all get vaccinated, how long before we can party?
WORLDWIDE GROOVE
How is globalization bringing far-flung territories into the musical mainstream?
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)