Sales down at Sony despite Jackson effect
Friday, Oct 30th 2009 at 11:44AMFor the three months to September 30, the music major posted sales and operating revenue of 124.5bn Yen (?0.83bn). This was up considerably on Q2 2008 but only as a result of its acquisition of Bertelsmann's 50% stake in Sony BMG.
On a pro-forma basis, Sony says that music sales in Q2 2008 would have been 128.2bn Yen (?0.85bn) and therefore music sales fell 3%.
"Although revenues were favourably impacted by sales of Michael Jackson catalogue product, sales decreased on ...
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