Sunset Records Group (SRG) Posts Another Quarterly Earnings Increase

LOS ANGELES (SUNSET RECORDS GROUP) - Sunset Records Group (SRG) has just posted an earnings increase during its first quarter, thanks largely to a boost in its digital sales and more notably, its live download revenues.

With only its third full quarter of operations since the company started distributing music to stores now completed, the results included are the revenue increases involving the entire company SRG. Overall earnings at SRG increased during the three-month period ending March 31st, up from 32.02% from the fourth quarter of sales revenues last year, and revenues are up a staggering 55.12% during the half year-ago period.

A major reason for that increase in revenues is that Sunset-Live has grown to over $30,000 a month in live download revenues for the last three consecutive months nearly doubling the revenues from the last quarter. Meanwhile, the live download company continues to climb to a commanding second in that market share claiming at least 38 percent of the live download market.

The catalog of live downloads has reached over 1,000 that are currently for sale now at Sunset's Online Store. The company will now start to release its live catalog with participating artists exclusively as a label partner at iTunes, Sony Connect, eMusic and Real/Rhapsody. eSunset records, the digital only record label at SRG also released 28 CDs, 264 single downloads by 23 different artists to online retailers all over the world this last quarter.

'There are many bands that are on the road that should be allowing their fans to do live downloads,' says Doug Rayburn, the head of Sunset's Digital Entertainment Division. 'Don (Lichterman) and I just started talking about adding some great bands to the Sunset-Live roster just this week,' say's Rayburn.