Audio Sales Down At Japan's Pony Canyon
Tokyo-based label Pony Canyon yesterday reported a 28% decline in audio software sales to ¥10.8 billion ($92 million) for the year ended March 20. The company's total sales rose 20% from the previous year to ¥59.9 billion ($510.3 million), mainly due to a 42% increase in sales of videos (including music
videos) and other visual software to ¥45.7 billion ($389.3 million). Pony Canyon does not release profit figures.
Pony Canyon, whose major music acts include rock band Glay and female vocalist Aiko, is part of the Fujisankei Communications media conglomerate.
Pony Canyon, whose major music acts include rock band Glay and female vocalist Aiko, is part of the Fujisankei Communications media conglomerate.
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