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# Strong Quarter For Sony Music Helps Sony Corp. Turn Profitable Despite Orchard Write-Off
- URL: https://www.hypebot.com/strong-quarter-for-sony-music-helps-sony-corp-turn-profitable-despite-orchard-write-off/
- Published: 2016-08-01T12:40:57.000Z
- Updated: 2016-08-01T12:40:57.000Z
- Description: Sony Corp beat analyst's expectations and swung back to profitable in the first quarter of 2016 after posting a loss last quarter. Helping drive the turnaround was a stronger than expected. Continue reading [https://www.hypebot.com/hypebot/2016/08/strong-quarter-for-sony-music-helps-sony-corp-turn-
- Author: Bruce Houghton
- Tags: Major Labels, Music Business, Apple Inc., Columbia Records, Contract, Epic Records, Extended play, Image sensor, Kazuo Hirai, Sony, Sony Music Entertainment, Spotify, #wp, #wp-post, #Import 2026-01-21 10:22

[![Sony-Music-logo-wordmark](http://hypebot.typepad.com/.a/6a00d83451b36c69e201bb09257e4c970d-75wi "Sony-Music-logo-wordmark")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201bb09257e4c970d-popup?ref=hypebot.com)**Sony Corp** beat analyst's expectations and swung back to **profitable in the first quarter of 2016** after posting a loss last quarter. Helping drive the turnaround was a **stronger than expected quarter from Sony Music**.

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[![Sony-Music-logo-wordmark](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b7c8822560970b-150wi "Sony-Music-logo-wordmark")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b7c8822560970b-popup?ref=hypebot.com)Sony's Corps Music division sales rose 8.7% rise last quarter to $1,374 million on a year-over-year basis. Beyonce’s Lemonade album helped drive recorded music growth during the quarter.Sony Music Entertainment digital revenue grey 10% to $461 million even though download revenue fell 18.5% to $162 million. Streaming accounted for $299 million up 38.4% percent from last year.In edition to falling in income from physical sales and downloads, dragging down SME's overall music revenue its Orchard indie distribution division. Sony took a write off by taking a "re-measurement" of its equity interest in The Orchard." The Orchard had previously been valued close to $400 million.Read the full Sony earning report [here](http://www.sony.net/SonyInfo/IR/library/fr/16q1%5Fsony.pdf?ref=hypebot.com).

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