Sony posts strong music earnings, as gaming business disappoints

Posted on

Sony posted record quarterly earnings this week on the strength of very strong music profits. Those numbers were catapulted thanks to the company’s $2.3 billion acquisition of EMI as part of an ever-consolidating music industry. The electronics giant’s operating profit rose to $3.46 billion for the quarter — up from $3.21 billion a year prior, […]

Three major music labels make $19 million a day from streaming while artists count their pocket change

Posted on

Streaming services are now paying out big money to the music industry’s gatekeepers. According to a new report by industry news outlet Music Business Worldwide, the three major music labels made $6.93 billion combined from streaming in 2018. The publication poured through recent investor filings from Universal Music Group’s parent company Vivendi, Sony, and Warner […]