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Introduction

Sony has revised its music forecast upward after seeing better-than-expected sales

Highlights

  • Sony Corp. has reported a fairly flat third quarter of its 2016 financial year for music division SME. Total revenue edged down year-on-year in the three-month period while operating income registered a small rise.
  • Despite the modest results, Sony raised its sales expectations for the full year on higher-than-expected recorded-music and visual media and platform sales.

Features and Benefits

  • Details the financial results for SME for the final quarter of 2016 and the first nine months of the company's 2016 financial year.
  • Details earnings by source, with a breakdown of recorded-music earnings between physical, streaming, and downloads.

Key questions answered

  • What share of SME's earnings is generated by streaming?
  • Why has Sony revised upward the sales forecast for SME for the current financial year?

Table of contents

Ovum view

  • Summary
  • SME in buoyant mood despite flat third quarter
  • Physical earnings just edge out streaming
  • Improved quarter for music publishing

Appendix

  • Author

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