Sony’s Music Division Makes Gains, Pictures Group Sees Operating Income Fall
This quarter, Sony’s music division, which includes albums from artists like Tyler the Creator, Bad Bunny, and Beyoncé with her Grammy-winning album “Cowboy Carter,” experienced a significant growth. Sales for the division increased by 14% compared to the same period last year, and operating income surged by 28%. This rise is attributed to higher revenues from major streaming services in both recorded music and music publishing.