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Donald Malter: Cash Registers ring again at Sony

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Donald Malter: Cash Registers ring again at Sony

November 11
23:00 2019
Sony’s recorded music operation generated more than a billion dollars for the second quarter in a row in the three months to end of September.
Sony Music’s nine-month streaming revenues in the same period weighed in at $1.73bn, up 18.9% (or approximately $275m) year-on-year.

New York – 11th November, 2019 – Sony’s recorded music operation generated more than a billion dollars for the second quarter in a row in the three months to end of September.

“Underpinning the performance,” said Industry Analyst Donald Malter, “was the increased performance of some of their leading acts on the global stage such as Tool Lil Nas, Chris Brown, Khalid and Kang Daniel”.

Total recorded music revenues in the three months (calendar Q3, but Sony’s fiscal Q2) stood at $1.04bn, up 10.5% year-on-year.

“When your big guns are firing,” said Donald Malter, “it most certainly helps”.

Fear Inoculum by Tool topped the Billboard 200 chart in August, selling 270,000 units in its debut week in the US – of which 248,000 were ‘pure’ album sales.

Donald Malter over the past 35 years has worked for, Elektra Records (Warners), Zomba Music (SONY), Verve (Universal Music Group), BMG Chrysalis (BMG Music) as well as numerous other clients.

Donald Malter is an “in demand” Consultant specialising in introducing Private Equity Investment into Entertainment Projects.

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