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Business News Labels & Publishers
Sony sales decline
By CMU Editorial | Published on Monday 3 August 2009
Sony Music – while on paper seing sales increase year and year for the first quarter of its current financial year – actually experienced a fall in sales of 19%. The on-paper anomaly is something to do with Sony’s acquisition of the BMG half of the company last summer. The major blamed declining sales revenues on unfavourable exchange rates, the continued decline in recorded music and the worldwide economic slowdown. And why not?