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Introduction

Electronics giant Sony Corp. has reported a fall in sales in the third quarter of its 2018 financial year for its music division SME. Despite a big rise in publishing revenue, a fall in revenue from recorded-music sales and visual media and platform more than offset the publishing gains.

Highlights

  • At constant exchange rates, Sony said there was a negative exchange rate impact of JPY0.1bn in the period and so at a constant currency measure, total sales were down 4.1%.

Features and Benefits

  • Details the third-quarter financial results for Sony Music Entertainment.
  • Explains the changes in different revenue streams and how the company performed in the 2018 calendar year.

Key questions answered

  • What share of recorded-music sales were generated for Sony Music by streaming in the final quarter of 2018?
  • What caused operating income for Sony Music to more than double in the quarter?

Table of contents

Ovum view

  • Summary
  • Mixed third quarter for SME
  • Streaming gains fail to offset the buy-to-own declines
  • EMI MP acquisition boosts music publishing revenue

Appendix

  • Author