Sony Music streams ahead as cloud services top downloads

Sony Music is coining it in from the growing popularity of music streaming as the format becomes the divisions biggest money spinner, now accounting for 42% of all revenues.
This growth has come at the expense of downloads which have suffered a corresponding dip to just 18% of revenues although physical sales remained steady at 40.5%.
Over the second quarter streaming added $303m to Sony’s coffers, a 26.6 % year-on-year increase whilst downloads brought in just $132m after contracting by a