• ABOUT
    • Contact
    • The Team
    • Editorial Calendar
    • Events
    • FAQ
    • Use & Privacy Policy
  • ADVERTISE
  • ROWFAX
  • THE SPORTS CREDENTIAL
  • JOB LISTINGS
MusicRow.com
  • CALENDARS
    • Album/EP Releases
    • Single/Track Releases
    • Industry Events
  • OBITS
  • CHARTS
    • Radio Chart (Current)
    • Radio Chart (Archives)
    • No. 1 Challenge Coin
    • Songwriter Chart (Current)
    • Songwriter Chart (Archives)
  • REVIEWS
  • MY STORY
  • NEWSLETTER
    • Newsletter (Current)
    • SIGN UP (FREE!)
    • Newsletter (Archives)
  • SUBSCRIBE
  • STORE
  • Search
  • Menu Menu

Sony Fiscal Year Report Shows Streaming Growth

April 29, 2021/by Sarah Skates

Click to enlarge.

This week Sony Group Corporation announced its financial statements and consolidated financial results for the fiscal year ended March 31, 2021.

The music division of the media and electronics giant saw fiscal year 2020 sales increase 11 percent year-over-year to 939.9 billion yen (approx. $8.63 billion), primarily due to the growth of streaming revenue and Demon Slayer–Kimetsu no Yaiba–the Movie: Mugen Train, which was a blockbuster hit.

Sales for Recorded Music increased mainly due to an increase in revenues from streaming services, which were up approximately 22 percent year-over-year.

Sales for Visual Media and Platform increased mainly due to an uptick in sales for the anime business (Demon Slayer) and an increase in revenues for mobile game applications.

Operating income increased a significant 45.7 billion yen ($419 million) year-over-year to 188.1 billion yen ($1.7 billion), largely due to the impact of the increased sales and the recording of one-time gains from the transfer of businesses. See the full report here.

 

  • Author
  • Recent Posts
Sarah Skates
Sarah Skates
Sarah Skates has been a writer and editor in the music business since 2004. She is a longtime contributor to MusicRow.
Sarah Skates
Latest posts by Sarah Skates (see all)
  • Parker McCollum Sells Out Ascend Amphitheater, Celebrates Double Platinum Single - May 23, 2022
  • CMA Presents Triple Play Awards, Honors Bob DiPiero - May 13, 2022
  • Breakout Artist, Nashville Native Jelly Roll To Headline Bridgestone Arena - May 13, 2022
Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
  • Share by Mail
https://musicrow.com/wp-content/uploads/2021/02/sony-logo-1.jpg 768 1024 Sarah Skates https://musicrow.com/wp-content/uploads/2019/03/MusicRow-header-logo-Mar19B.png Sarah Skates2021-04-29 12:47:272021-04-29 12:52:44Sony Fiscal Year Report Shows Streaming Growth

RECENT NEWS

  • Weekly Register: Zach Bryan Scores Top Country Album Debut October 2, 2023
  • Oliver Anthony Re-Enters Top 5 On MusicRow Top Songwriter Chart October 2, 2023
  • Parmalee Notches 4th No. 1 Single With ‘Girl In Mine’ October 2, 2023
  • Colin Stough To Release Debut EP, ‘Promiseland’ October 2, 2023
  • Thomas Rhett Brings Bridgestone Arena Together For A Fun Night Of Music October 2, 2023
  • Dallas Smith Shares Two Tracks From Forthcoming Self-Titled Project October 2, 2023
  • ACM LEVel Up Program Opens Applications & Nominations For 2024 October 2, 2023
  • Mark Your Calendar—October 2023 October 2, 2023
  • BFD / Audium Nashville Acquires Rights To Release Louisiana Hayride Series October 2, 2023
  • Headliners Set For ‘New Year’s Eve Live: Nashville’s Big Bash’ October 2, 2023
  • Jon Pardi Announces Christmas Album, Special New York Holiday Show October 2, 2023
  • Brad Paisley Releases ‘Son Of The Mountains: The First Four Tracks’ October 2, 2023
  • New IRS Rule Affects Concert Ticket Resellers September 29, 2023
  • Neil Medley Shares His Stories On Debut Project, ‘South End Kid’ September 29, 2023
  • Worldwide Stages Announces Investment Opportunity In Its Production Campus September 29, 2023

Like Us on Facebook

Follow Us on Twitter

Tweets by MusicRow
© 2023 Music Row Enterprises, LLC – All rights reserved.
  • Facebook
  • Twitter
  • Instagram
Scroll to top