SonyBMG revenues remained more or less level in the most recent quarter at $948 million - there was a 1% rise mainly thanks to foreign exchange rate fluctuations. Losses were, however, down on the same quarter last year - $39 million rather than $60 million. That will be in part due to the fact that the costs of activity relating to the 2004 Sony BMG merger are easing, plus there were some big releases in the quarter from Justin Timberlake, Beyonce and Christina Aguilera.
While SonyBMG's performance was probably as expected, it didn't do much to help co-parent company Sony Corp, who have been having some financial difficulties of late. They did make a profit - but at 1.7 billion yen (£7.5 million) that's a 94% drop on profits made in the same period last year. A massive battery recall and problems relating to the launch of PlayStation 3 was blamed for the profits decline.