Annual profits up at Sony Music

Sony formally consolidated Bertelsmann's 50% stake in Sony BMG into a wholly owned subsidiary, Sony Music Entertainment, in October 2008. This is, therefore, the first annual results at Sony to reflect a full calendar year of outright ownership of the recorded music major.

Sony Music, which includes Sony Music Entertainment (SME), Sony Music Entertainment Japan (SMEJ) and a 50% stake in publisher Sony / ATV, reported operating income up 31.1% year-on-year for the 12 months to March 31 2010 at ...

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