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Sony Music Revenues Giddyup 23% On Strength of Beyonce, Streaming
Sony Music's latest earnings report shows hit records by Beyonce, Future and Metro Boomin helped boost growth in recorded music and music publishing.
Sony said some of its top sellers for the fiscal quarter were Beyoncé’s COWBOY CARTER, Future and Metro’s WE DON’T TRUST YOU, Travis Scott’s UTOPIA and SZA’s SOS. Some non-all-capped wins included Luke Combs’ Gettin’ Old, 21 Savage’s american dream and Doja Cat’s Scarlet. The company disclosed that as of March 31, its publishing division either owned or administered approximately 6.24 million songs, an increase of 14% in the last two years.
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