Sony Corp. has released its latest revenue results, as Sony Music Entertainment saw a 16 percent pro forma revenue decline for the final six months of the company’s fiscal year, ending March 31. The label reported $ (or €1.2 billion) in sales for the last six months of the fiscal year, with best sellers including AC/DC, Beyoncé, P!nk and Britney Spears. In Q4, the label’s pro forma revenue was $654 million, a three percent decline.

Sony Corp. reported a $1 billion loss in its fiscal 2008 year, as well as a $1.72 billion in its fiscal Q4. Sony’s revenue in Q4 was $15.5 billion, a 22 percent drop from a year earlier.

posted by: Eelco Rol

http://www.fmqb.com/article.asp?id=1325455

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