Streaming now makes Sony $25m a week – overtaking physical and download

Quarterly streaming revenues grew 39% year-on-year, up to 30.67bn Yen ($300m) – working out to around $25m every week. (That includes both audio and video streaming services such as YouTube.) […] And here’s a stat for you: with Warner pulling in $2m a day from streaming, Sony $3.3m a day and UMG $4m a day… the three majors are now cumulatively turning over just under $10m every 24 hours from streaming platforms. Tim Ingham, Music Business Worldwide http://ift.tt/2afk6Bl