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Introduction

Electronics giant Sony Corp. has reported a positive third quarter of its 2017 financial year for its music division, SME.

Highlights

  • All three of SME's divisions (recorded music, music publishing, and visual media and platform) registered growth, but, in a repeat of the previous quarter, Sony noted that the significant overall increase in music revenue and operating income was largely down to visual media and platform – and mobile game Fate/Grand Order.
  • The company also said the increase in streaming sales was a major growth provider.

Features and Benefits

  • Details the latest financials for SME.
  • Examines earnings by source and the company's forecasts for the full financial year.

Key questions answered

  • What share of SME's revenue came from streaming in the final three months of 2017?
  • What was SME's biggest revenue source in 2017?

Table of contents

Ovum view

  • Summary
  • SME heading for a big financial year
  • Streaming boosts earnings from recorded music
  • Positive earnings from music publishing

Appendix

  • Author

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