SONY MUSIC EARNED $1.2BN FROM STREAMING PLATFORMS IN 2016

Sony Music Entertainment generated 134.83bn Yen ($1.24bn) from streaming music in calendar 2016 – and 40.65bn Yen ($372m) in the three months to end of December alone. That means Sony’s recorded music division is now earning approximately $124m every month, $31m every week, $4m every day and $167,000 every hour from the likes of Spotify and…