Sales Up 35 Percent For Sony Corp

Sales Up 35 Percent For Sony Corp
Sony Corporation's music division, which includes Sony Music Entertainment, Sony Music Entertainment Japan and a 50 percent stake in Sony/ATV Music Publishing, has reported a 35 percent year-on-year increase in sales to $5.6 billion for the fiscal year ending March 31. Operating income for the year also increased 31 percent to $393 million, a result of strong performing global releases by Susan Boyle, the Michael Jackson catalog and soundtrack to This Is It, and GRAMMY winner Alicia Keys. However, in its forecast for next year, Sony expects operating income and sales to decrease compared to the previous financial year as physical sales continue to decline. (5/13)

 

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