Sony generates a record $996 million from streaming

Sony Music generated $1.39 billion from recorded music in the second quarter of 2021, a 48.2% year-on-year rise, or a massive USD $451 million versus the same period in 2020. Sony generated $996.4 million from streaming alone – an all-time high, and brushing the magic billion dollar mark for the first time, Music Business Worldwide reports. This recorded music streaming revenue haul was up by a whopping 50.2% year-on-year, versus the $663.4 million the firm posted in calendar Q2 2020. Sony's biggest revenue-generating projects were by Harry Styles, Lil Nas X, and Polo G.