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.
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