Sony Music generated $3.8bn in 2017, as streaming revenues jumped 33%

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Sony Music’s labels generated nearly $4bn in revenue in the last calendar year – up 5.9% year-on-year at constant currency.

According to new financial figures posted by Sony Corp and analyzed by MBW, the company’s recorded music division generated a total of $3.85bn in the 12 months of 2017.

It will be no great surprise that streaming was the key driver in this performance.

Streaming platforms – across video and audio – contributed $1.65bn to Sony Music’s recorded music operation in the period, up 32.9% on 2016. read more at musicbusinessworldwide.com

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