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Stop The Clocks Among Moneymakers For Sony











Net income for Sony BMG Music Entertainment saw an increase when compared to the third quarter of the previous year. The label brought in $110 million in net income in the quarter, an increase of over $23 million. Sales revenue was down for the quarter by 1.6 percent compared to the third quarter of the previous year. The company attributed the drop "to greater contraction in physical compact disc sales than growth in digital download sales in many markets." However, income for the label was up by 10.3 percent due to "lower overhead and restructuring costs." The label also noted that its top selling albums for the quarter included Il Divo's Siempre, NOW That's What I Call Music Vol. 23 and Oasis' Stop The Clocks best-of set.

Source: www.fmqb.com

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