BigChampagne's Ultimate Chart (a/o February 10th):
1. “What Doesn't Kill You (Stronger),” Kelly Clarkson
2. “Set Fire to the Rain,” Adele
3. “Turn Me On,” David Guetta
4. “Rack City,” TYGA
5. “Good Feeling,” Flo Rida
6. “Smooth Criminal (Glee Cast Version),” Glee Cast
7. “Young, Wild & Free,” Snoop Dogg & Wiz Khalifa
8. “Domino ,” Jessie J
9. “Sexy and I Know It,” LMFAO
10. “Ass Back Home ,” Gym Class Heroes
Sony BMG maintained revenue levels during the recent quarter, though profits took a bath. According to information released by joint venture partner Sony Corp., revenues landed at $1.47 billion, and net income dropped 12 percent to $208 million. The drop includes a sizable restructuring charge of $13 million, part of an ongoing reduction that continued this week.
Other factors played into the results. The company cited positive effects from currency fluctuations, as well as strong sales from a collection of key releases. Top-selling releases for the period came from Alicia Keys, Carrie Underwood, Celine Dion, and Leona Lewis.
A significant windfall from Bertelsmann during the year-ago quarter also produced year-over-year percentage decreases. That settlement, part of an industry-wide agreement, involved payouts related to an investment in the original Napster.
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