Gatfield predicts 'enormous' potential following Sony digital milestone
Sony UK CEO and chairman Nick Gatfield has forecast a strong return to growth for the record industry after announcing a new milestone in the transition towards digital product.
Speaking at Sony Music’s company day in London this week, Gatfield revealed that more than 50% of the major’s revenue in the first half of the year was derived from digital media. Worldwide, Sony Music posted approximate total revenues of $2.51bn (£1.56bn) in the six months to the end of June.
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