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Introduction

Electronics giant Sony Corp. has reported a solid final quarter of its 2015 financial year for its recorded music division SME and publishing company Sony/ATV as well as increased overall music earnings for the 12-month period ending March 2016.

Highlights

  • Sony noted that operating income for SME benefited from the continued rise in streaming sales. Sony said it was expecting a fall in recorded music sales in the current financial year.
  • Despite the positive overall music financial results for FY15, Sony is not expecting to repeat the gains in FY16.

Features and Benefits

  • Details the full-year financial results of Sony Music for the year ending March 2016.
  • Assesses the different revenue streams for the company and why Sony is expecting a fall in sales in its 2016 financial year.

Key questions answered

  • What share of recorded music sales for Sony Music came from streaming in the year to end-March?
  • Why is Sony expecting a fall in revenue in its 2016 financial year?

Table of contents

Ovum view

  • Summary
  • Music sales rise for SME in FY15
  • Streaming gains boost recorded music sales
  • Mixed performance for Sony/ATV

Appendix

  • Author

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