Sony Corp. profits were thin in Q3 2008 ending December 31, 2008. Sony Music Entertainment did not fare so well. On a pro forma basis -- necessary because Sony took over BMG in October 2008 -- sales were down 22% on a U.S. dollar basis. Operating income rose 10% to $158 million but was 41% lower on a pro forma basis. Deterioration of the yen was a considerable factor in Q3.

The company as a whole saw its Q3 profit decline 95% while it sales sank nearly 25%. Change will be in the air, along with the sort of survival instincts that arise during a tough recession.

Here the 24-page earnings release (PDF, 3.8 MB) if you've got the time and inclination.