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
 
HITS LIST SLIDES
INTO SUMMER
Fire up the grill. (5/24a)
Check It Out Now
TORTURED POETS IN PARIS: TAY STRUMS THE BASTILLE WITH NEW ACOUSTIC SET
Another week, another iteration (5/24a)
Check It Out Now
SONG REVENUE: TRIAD
They're in the money. (5/24a)
Check It Out Now
DOJ FILES ANTITRUST LAWSUIT AGAINST LIVE NATION
A game of Monopoly on Capitol Hill (5/24a)
Check It Out Now
NEAR TRUTHS:
HOWDY, PARTNER
Redrawing the Mason-Dixon Line (5/24a)
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