Sony Music operating profit up 32.5% in Q3 FY 2013
Sony’s music business saw operating profit rise 32.5% and revenues increase by 14.4% year-on-year in its 2013 fiscal Q3, ended December 31.
The financials provided by Sony Corp for music include the results of Sony Music Entertainment, Sony Music Entertainment Japan and its stake in Sony/ATV Music Publishing.
Operating profit increased to 21.7 billion yen ($207 million), primarily due to the favourable impact of the depreciation of the yen against the US dollar, according to the company.
However, Sony also ...
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