SONY MUSIC EARNINGS: THE DOUG & MARTY SHOW
Sony Corp. has released its earnings report for fiscal 2016, which ended 3/31, and Sony Music plays a starring role.
Revenue was up 10.4% over the previous year to $5.47 billion, with operating profit of $773m. Of that total, Doug Morris’ recorded music operation accounted for $3.65b (+7.7% YoY), with streaming at $986m, or 27% of the total, outpacing downloads, which generated $767m (-3.4%), or 21%. Interestingly, physical remains the biggest contributor with 38%
Marty Bandier’s Sony/ATV and EMI Music Publishing registered $631m, a 7.7% uptick.
Sony has postponed its forecast for the fiscal year beginning 4/1 until May because it needs to assess damage caused by the recent severe earthquakes in Kumamoto prefecture. Sony has significant semiconductor operations in the area.
THE MUSIC OF CLIVE COMES ALIVE AT CARNEGIE HALL
That's what friends are for. (5/1a)
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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!
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JAMES KING: THE HITS INTERVIEW (PART ONE)
