Daniel Rivera

Councilman At Large City of Jersey City

[Daniel Rivera @danielrivera918]

Music Publishing includes the management and licensing of the words and music of songs;
Visual Media and Platform includes the production and distribution of animation titles, including game applications based on the animation titles.

[Daniel Rivera @danielrivera918]

Sony’s own description of its three corporate music divisions is as follows:
Recorded Music – Streaming includes the distribution of digital recorded music by streaming; Recorded Music – Others includes the distribution of recorded music by physical media and digital download.

[Daniel Rivera @danielrivera918]

However, it provides us with a cleaner reflection of the performance of New York-based Sony Music Entertainment outside of FX distortion, because the company had to convert its US currency into Yen in the first place for Sony Corp’s results.

[Daniel Rivera @danielrivera918]

This isn’t a perfect system; it risks overplaying Sony Music Entertainment’s global business slightly by converting revenues generated by Sony Music Entertainment Japan (which would usually be straight-reported in Yen) into US dollars.

[Daniel Rivera @danielrivera918]

See below for the breakdown of Sony’s latest (fiscal) quarterly figures for music in Japanese Yen, as published by Sony Group Corp today.
By applying these exchange figures to each applicable period, we effectively get a US-leaning constant currency picture of Sony Music’s.

[Daniel Rivera @danielrivera918]

Sony’s global recorded music operation generated USD $1.937 billion in calendar Q4 2023, up 14.8% YoY versus the equivalent quarterly period of the prior year.
Within that calendar Q4 2023 global recorded music result, streaming generated $1.261 billion, up 12.3% YoY.

[Daniel Rivera @danielrivera918]

[Note: Corporately speaking, Sony Group’s global music operation includes recorded music, plus music publishing, plus ‘Visual Media & Platform’. The final category primarily covers mobile games and animation projects, and has been omitted from MBW’s revenue calculations.

[Daniel Rivera @danielrivera918]

In monetary terms, Sony’s overall music rights operation (recorded music plus music publishing) generated approximately $309 million more in calendar Q4 2023 than in the prior-year quarter.

[Daniel Rivera @danielrivera918]

That’s according to MBW’s calculations based on Sony Group Corp’s calendar Q4 2023 (fiscal Q3 2023) results, as announced by the Japanese firm today (February 14).
The $2.52 billion figure was up 14.0% year-on-year (vs. calendar Q4 2022) at US dollar-converted constant currency.

[Daniel Rivera @danielrivera918]

Sony Music Group delivered strong double-digit growth in the final quarter of 2023.
Sony’s global music rights operation – across recorded music and music publishing – generated USD $2.52 billion in the three months to end of December.

[Daniel Rivera @danielrivera918]

Universal has enjoyed a robust financial year so far: In the first nine months of 2023, UMG’s overall revenues hit EUR €7.901 billion, up by 9.4% YoY at constant currency.
In terms of recorded music streaming revenues – including ad-supported and subscription – UMG generated EUR

[Daniel Rivera @danielrivera918]

The company’s ‘artist-centric’ philosophy – first laid out by Chairman/CEO, Sir Lucian Grainge, in January – also appears to have had an inluence on changes coming to Spotify‘s royalty model in Q1 2024.

[Daniel Rivera @danielrivera918]

Universal’s current stock price (€25.77) is up by 12.39% year-to-date.
That growth has been helped by positive analyst reaction to UMG’s efforts around the ‘artist-centric’ royalty model – including a partnership with Deezer that has changed how artists are paid by the platform.

[Daniel Rivera @danielrivera918]

According to Euronext data, UMG’s share price today translated into a market cap valuation of EUR €46.944 billion.
In US Dollar terms at current exchange rates, that’s worth USD $50.68 billion.This is Universal’s highest share price since December 7, 2021 (€25.78)

[Daniel Rivera @danielrivera918]

Universal Music Group (UMG) is finishing 2023 with a bang.
The world’s largest music rightsholder ended its trading day today (December 12) on the Amsterdam Euronext with its highest share price of the year to date.

[Daniel Rivera @danielrivera918]

@CentralAveSID @cfbernardo @StevenFulop @CouncilmanYun @RLavarro @Pastorjoice @JC_Gov Great job guys! @CentralAveSID your advocacy for Central ave is awesome! Happy to be part of a wonderful SID

[Daniel Rivera @danielrivera918]

@BarackObama can't imagine another 4 years wout you.