Sony Music Reports Quarterly Gains

Sony Music Reports Quarterly Gains
Sony Music Entertainment recorded revenues of $1.24 billion for the quarter ending June 30, a 1.3 percent increase compared to the prior-year quarter, and a 39 percent increase in operating income to $84 million. The company attributed the gains to top-selling recordings such as AC/DC's Iron Man 2 soundtrack, music from "Glee," Kana Nishino's To Love, and Usher's Raymond V Raymond. (7/29)

 

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