News Summary:
Sony's combined revenues from recorded music and music publishing reached an estimated $3.12 billion in calendar Q2 2026 (April–June), marking a 12.7% increase year-over-year and the highest quarterly total in the past three quarters. Sony Music sales jumped 22% in the period, partly driven by fresh demand for Michael Jackson’s catalog following the release of his biopic, "Michael." This follows a major coalition of record labels, including Sony Music, Universal Music Group, and Warner Music Group, alongside partners such as BMG, Believe, Concord, Dirty Hit, Glassnote Records, HYBE Corp., Mom+Pop Music, and Partisan Records, proposing strict new guidelines on July 30, 2026, to prevent AI-generated music from appearing on industry charts. Earlier, on July 29, these labels collectively demanded that only "substantially human made" tracks qualify for the industry’s measure of success.
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