Sony has reported revenues of ¥442.8bn (around $5.5bn) for its music division in the company’s last fiscal year, which ended on 31 March. That’s down 5.9% year-on-year. However, the company turned an operating profit for the year of ¥36.9bn ($463m), although that was also down 5.2% on the previous year. Sony cited albums by Beyonce, Pitbull, Foo Fighters and One Direction as highlights for the year, as well as its distribution deal for Adele’s ’21’ in the US. For the year ahead, Sony offered these predictions: “Music segment sales are expected to be essentially flat year-on-year primarily due to higher digital revenue despite an expected ongoing contraction of the physical music market.” It also predicts a financial boost from “a favorable legal settlement concerning copyright infringement recorded in the previous fiscal year.”

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