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Revenue Recognition (Tables)
6 Months Ended
Mar. 31, 2019
Revenue From Contract With Customer [Abstract]  
Summary of Disaggregation of Revenue

Our revenue consists of the following categories, which aggregate into our segments - Recorded Music and Music Publishing.

 

 

 

For the Three Months Ended

March 31,

 

 

2019 vs. 2018

 

 

 

2019

 

 

2018

 

 

$ Change

 

 

% Change

 

Revenue by Type

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Digital

 

$

597

 

 

$

491

 

 

$

106

 

 

 

22

%

Physical

 

 

130

 

 

 

147

 

 

 

(17

)

 

 

-12

%

Total Digital and Physical

 

 

727

 

 

 

638

 

 

 

89

 

 

 

14

%

Artist services and expanded-rights

 

 

134

 

 

 

74

 

 

 

60

 

 

 

81

%

Licensing

 

 

72

 

 

 

79

 

 

 

(7

)

 

 

-9

%

Total Recorded Music

 

 

933

 

 

 

791

 

 

 

142

 

 

 

18

%

Performance

 

 

46

 

 

 

59

 

 

 

(13

)

 

 

-22

%

Digital

 

 

65

 

 

 

57

 

 

 

8

 

 

 

14

%

Mechanical

 

 

13

 

 

 

20

 

 

 

(7

)

 

 

-35

%

Synchronization

 

 

31

 

 

 

35

 

 

 

(4

)

 

 

-11

%

Other

 

 

3

 

 

 

3

 

 

 

 

 

 

%

Total Music Publishing

 

 

158

 

 

 

174

 

 

 

(16

)

 

 

-9

%

Intersegment eliminations

 

 

(1

)

 

 

(2

)

 

 

1

 

 

 

-50

%

Total Revenue

 

$

1,090

 

 

$

963

 

 

$

127

 

 

 

13

%

Revenue by Geographical Location

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Recorded Music

 

$

410

 

 

$

335

 

 

$

75

 

 

 

22

%

U.S. Music Publishing

 

 

75

 

 

 

88

 

 

 

(13

)

 

 

-15

%

Total U.S.

 

 

485

 

 

 

423

 

 

 

62

 

 

 

15

%

International Recorded Music

 

 

523

 

 

 

456

 

 

 

67

 

 

 

15

%

International Music Publishing

 

 

83

 

 

 

86

 

 

 

(3

)

 

 

-3

%

Total International

 

 

606

 

 

 

542

 

 

 

64

 

 

 

12

%

Intersegment eliminations

 

 

(1

)

 

 

(2

)

 

 

1

 

 

 

-50

%

Total Revenue

 

$

1,090

 

 

$

963

 

 

$

127

 

 

 

13

%

 

 

 

For the Six Months Ended

March 31,

 

 

2019 vs. 2018

 

 

 

2019

 

 

2018

 

 

$ Change

 

 

% Change

 

Revenue by Type

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Digital

 

$

1,160

 

 

$

972

 

 

$

188

 

 

 

19

%

Physical

 

 

361

 

 

 

370

 

 

 

(9

)

 

 

-2

%

Total Digital and Physical

 

 

1,521

 

 

 

1,342

 

 

 

179

 

 

 

13

%

Artist services and expanded-rights

 

 

300

 

 

 

179

 

 

 

121

 

 

 

68

%

Licensing

 

 

153

 

 

 

174

 

 

 

(21

)

 

 

-12

%

Total Recorded Music

 

 

1,974

 

 

 

1,695

 

 

 

279

 

 

 

17

%

Performance

 

 

99

 

 

 

102

 

 

 

(3

)

 

 

-3

%

Digital

 

 

130

 

 

 

110

 

 

 

20

 

 

 

18

%

Mechanical

 

 

28

 

 

 

38

 

 

 

(10

)

 

 

-26

%

Synchronization

 

 

60

 

 

 

62

 

 

 

(2

)

 

 

-3

%

Other

 

 

6

 

 

 

5

 

 

 

1

 

 

 

20

%

Total Music Publishing

 

 

323

 

 

 

317

 

 

 

6

 

 

 

2

%

Intersegment eliminations

 

 

(4

)

 

 

(4

)

 

 

 

 

 

%

Total Revenue

 

$

2,293

 

 

$

2,008

 

 

$

285

 

 

 

14

%

Revenue by Geographical Location

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. Recorded Music

 

$

841

 

 

$

705

 

 

$

136

 

 

 

19

%

U.S. Music Publishing

 

 

148

 

 

 

151

 

 

 

(3

)

 

 

-2

%

Total U.S.

 

 

989

 

 

 

856

 

 

 

133

 

 

 

16

%

International Recorded Music

 

 

1,133

 

 

 

990

 

 

 

143

 

 

 

14

%

International Music Publishing

 

 

175

 

 

 

166

 

 

 

9

 

 

 

5

%

Total International

 

 

1,308

 

 

 

1,156

 

 

 

152

 

 

 

13

%

Intersegment eliminations

 

 

(4

)

 

 

(4

)

 

 

 

 

 

%

Total Revenue

 

$

2,293

 

 

$

2,008

 

 

$

285

 

 

 

14

%

 

Summary of Revenues Expected to be Recognized in Future Related to Performance Obligations Revenues expected to be recognized in the future related to performance obligations that are unsatisfied at March 31, 2019 are as follows (in millions):

 

 

 

Rest of FY19

 

 

FY20

 

 

FY21

 

 

Thereafter

 

 

Total

 

 

 

(in millions)

 

Remaining performance obligations

 

$

96

 

 

$

128

 

 

$

91

 

 

$

6

 

 

$

321

 

Total

 

$

96

 

 

$

128

 

 

$

91

 

 

$

6

 

 

$

321