Meghan Trainor, Sia and Fifth Harmony all had albums in Sony Music’s Top 10 bestselling LPs of the past quarter – but in terms of making bank, nothing could top Beyonce’s Lemonade.
Sony Corporation has today confirmed the biggest revenue-generating albums worldwide in Sony’s first fiscal quarter of FY2016 – the three months to end of June this year.
Interestingly, Beyonce’s Lemonade – issued by Rob Stringer‘s Columbia – is out in front despite appearing as a streaming exclusive on Tidal.
It remains unavailable on Apple Music and Spotify.
MBW noted in the week of its release that Lemonade was turning over more than $3m a day on download stores alone.
Columbia took the brave decision to sell the digital LP at a premium – $17.99 in the US and £13.99 in the UK – which certainly appears to have paid off.
Furthermore, Lemonade’s financial success rather flies in the face of the idea that agreeing to a platform exclusive on TIDAL is a fiscal risk for any blockbuster artist and a label.
Meanwhile, we learn that Beyonce’s Formation World tour has just grossed $123m across its first leg of 23 dates.
Guess that’s why they call her Queen Bey.
Sony Music Entertainment‘s biggest-earning albums in Q1 (three months to end of June)
- Beyoncé – Lemonade (released: 4/25/2016)
- Kazumasa Oda – Anohi Anotoki (released: 4/20/2016)
- Nogizaka46 – Sorezore no Isu (5/25/2016)
- Meghan Trainor – Thank You (5/13/2016)
- Fifth Harmony – 7/27 (5/27/2016)
- Sia – This Is Acting (released: 1/29/2016)
- ZAYN- Mind Of Mine (released: 3/25/2016)
- 2PM – GALAXY OF 2PM (released: 6/15/2016)
- G-Eazy – When It’s Dark Out (released: 12/4/2015)
- Kygo – Cloud Nine (released: 5/13/2016)
Music Business Worldwide
