Sony Music streaming income rockets 57% – and brushes $1 billion in a year

Sony Music Entertainment’s streaming revenues grew by 57% over the past 12 months, brushing the underside of $1bn while comfortably offsetting a small global decline in downloads.Interestingly, this growth outpaced the industry average: IFPI figures show that, in 2015, the global recorded music business’s streaming income increased by 45.2%.

Source: Sony Music streaming income rockets 57% – and brushes $1 billion in a year – Music Business Worldwide