Sony BMG Quarterly Revenue Rises $875 Million

Sony BMG notched a slight uptick in revenue this past quarter thanks to cost-cutting, restructuring efforts and new releases from Kelly Clarkson, Avril Lavigne and R. Kelly. For the fiscal first quarter ending June 30th, revenues notched upward 0.3 percent to $875 million, and earnings hit $21 million, a reversal from losses of $81 million during the same period last year.

Author: FutureMusic

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