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Introduction

Electronics giant Sony Corp. has reported a positive first quarter of its 2016 financial year for its music division SME. However, performance across the three divisions varied considerably.

Highlights

  • Sony Corp. has reported that its music division SME registered growth in sales in the first quarter of its 2016 financial year but a big fall in operating income.

Features and Benefits

  • Details the financial results for SME for April to June 2016.
  • Assesses the three company subsidiaries with particular attention to the recorded music sector and the gains made in the three-month period from streaming.

Key questions answered

  • What is the biggest revenue generator for SME?
  • Despite a positive start to the year, why has Sony forecasts a fall in earnings for SME?

Table of contents

Ovum view

  • Summary
  • Positive start to the new financial year for SME
  • Streaming continues to boost recorded music sales
  • Poor quarter for music publishing

Appendix

  • Author

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