{"id":83462,"date":"2021-02-03T18:00:00","date_gmt":"2021-02-03T18:00:00","guid":{"rendered":"http:\/\/routenote.com\/blog\/?p=83462"},"modified":"2021-02-03T16:14:00","modified_gmt":"2021-02-03T16:14:00","slug":"sony-music-revenue-skyrockets-above-4-5bn-in-2020","status":"publish","type":"post","link":"https:\/\/routenote.com\/blog\/sony-music-revenue-skyrockets-above-4-5bn-in-2020\/","title":{"rendered":"Sony Music Revenue Skyrockets Above $4.5bn in 2020"},"content":{"rendered":"\n

Image credit: Sony Music<\/a><\/em><\/p>\n\n\n\n

Sony Music saw its annual streaming revenues jump by 19.5% ($467m) by the end of 2020.<\/span><\/h4>\n\n\n\n

Like most business, particularly those most affected by pandemic lockdowns (i.e the events and live music sector) Sony Music<\/a> had a slight wobble in Q2. However, saw a massive bounce back in Q3 (ending end of September) with a turnover returned above $1billion ($1.16bn to be exact). <\/p>\n\n\n\n

Streaming <\/a>revenues were the stars of the show, a trend seen at other labels<\/a>, as it revenues hit $2.87bn across the whole year (across all quarters). Sony Music\u2019s worldwide recorded music revenues, across all format, licensing, physical etc hit $4.51bn, up 8.1% year on year.\u00a0<\/p>\n\n\n\n

In Q4 (three months to the end of December) streaming revenues jumped up by 26%YoY, or by $174m to $843m. <\/p>\n\n\n\n

Physical sales<\/a> also lead to increased revenue in Q4 up to a staggering 41.3% YoY to \u00a3336m. Due to the impressive performance of physical sales the annual figure went up from $803, in calendar 2019 to $898m in calendar 2020. <\/p>\n\n\n\n

Sony Music<\/a>\u2019s shining artists (excluding Sony Music Japan) in calendar Q4, in order of revenue generation were: <\/p>\n\n\n\n