Sony Music’s recorded music business saw its revenues grow by 11.4% year-on-year to $1.16bn in the final quarter of 2019, according to the latest financial results for its parent company. That included a 20.6% increase in streaming revenues to $669m, accounting for 57.7% of the total. Meanwhile, Sony’s music publishing business generated $365m of revenues in the final quarter of 2019 (Sony’s fiscal Q3).
MBW has been crunching Sony Music’s stats for 2019 as a calendar year, reporting that the label group’s recorded music revenues grew by 6.5% year-on-year to $4.17bn last year, with streaming revenues up by 19.3% to $2.4bn.
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