Sony Reports Double-Digit Growth, but Streaming Revenue Shows Slower Increase
As reported by Music Business Worldwide earlier today (August 7), Sony’s global music rights operation experienced double-digit growth in calendar Q2 (fiscal Q1), with revenues rising 11.4% year-over-year (YoY). However, a closer look reveals a slower growth rate in Sony’s recorded music streaming revenue, which increased by just 5.0% YoY when adjusted for US dollars….