After a pandemic-hit 2020, Sony Music posted huge percentage year-over-year growth in its first fiscal quarter of 2021.
Breaking out revenue by music operation:
—Music publishing, which includes Sony Music Publishing and Sony Japan’s publishing operations, garnered 47.1 billion yen , a 51.6% increase over the 31.1 billion yen tallied in the year earlier period. As a percentage of music operations, again excluding visual media/platform, that equals 23.7% in the first quarter of this year, versus 24.1% in 2020’s first quarter.—Streaming revenue grew 58.4% to 109.1 billion yen from 68.9 billion yen —Overall digital revenue totaled 115.
—Other income streams, including merchandising, live concerts, master recording performance royalties and synchronization, totaled 15.2 billion yen , a 71.5% increase from 8.9 billion yen —Other income totaled 23.5 billion , a nearly 37% increase over the prior corresponding period’s 17.2 billion yen
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