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# 41% Music Decline Helps Sony Profits Fall 95%
- URL: https://www.hypebot.com/41-music-decline-helps-sony-profits-fall-95/
- Published: 2009-02-02T05:32:00.000Z
- Updated: 2009-02-02T05:32:00.000Z
- Description: Sony posted a whopping 95% decrease in profits last quarter compared to the same quarter last year. Gaming was was the biggest disappointment down 97%, but music did its part. Continue reading [https://www.hypebot.com/hypebot/2009/02/41-music-decline-helps-sony-profits-fall-95.html]
- Author: Bruce Houghton
- Tags: Major Labels, #wp, #wp-post, #Import 2026-01-21 11:03

[![Sony](http://hypebot.typepad.com/.a/6a00d83451b36c69e20111683b8727970c-100wi)](http://hypebot.typepad.com/.a/6a00d83451b36c69e20111683b8727970c-pi?ref=hypebot.com)

  
Sony posted a whopping **95% decrease in profits** last quarter compared to the same quarter last year. **Gaming** was was the biggest disappointment **down 97%**, but music did its part to contribute to the downward spiral. Even when factoring out the expensive purchase of BMG's half of the former Sony BMG, **music profits declined 41% driven by a 22% decrease in sales.**

Sony has avoided the recent **wholesale staff cuts** made by other labels favoring more targeted layoffs. But as losses mount and the world economy worsens, sources hint that Sony's layoff scalpel could become a hatchet.

**Sony Financial Report [PDF](http://www.sony.net/SonyInfo/IR/financial/fr/08q3%5Fsony.pdf?ref=hypebot.com)**