Sony just released their financial Q1 results this past week and things do not look so great. They are estimating on losing BEEELIONS of dollars for the first time in the companies history. The company experienced a pro forma revenue dip of 16 percent during the six-month period ending March 31st, according to a financial release.
Digital Music News has the story
Sony Music Shows Latest Big-Label Plunge…: “The music industry has been discussing the ‘demise of record labels’ for years, though a total implosion has yet to happen. Pe…”
