Sony spent approximately USD $911 million on music catalog acquisitions in the 10 months leading up to February, 2022. The stat was recently revealed by Sony Corp‘s Executive Deputy President and CFO, Hiroki Totoki, on an investor presentation. Somewhere around half of that $911 million figure would have gone on Sony’s double-acquisition of Bruce Springsteen’s publishing catalog and his recorded music catalog.
Source: Sony spent an average of $91m on music catalog acquisitions every month over the past 10 months