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.

REVENUE CHART:
ALL ABOUT THE BENJAMINS
Look who won the lottery. (1/21a)
ICYMI: THE MUSIC OF INAUGURATION DAY
Just what the doctor ordered. (1/21a)
NEAR TRUTHS: CHANGINGS OF THE GUARD
A big start to 2021. (1/19a)
THE CELEBRATION
MOVES TO iTUNES
America embraces songs of hope and uplift. (1/21a)
TOP 20: GUTEN MORGAN
Another big week for Republic. (1/21a)
RAINMAKERS
Bring your umbrella.
GRAMMYS: WHERE TO FROM HERE?
After the snubs, the show.
HOW TO FIND 11,780 VOTES
It's the way all the biggest mob bosses did it.
MOVING THE NEEDLE
When vaccination schedules and touring schedules meet.
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)