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REVENUE RECOGNITION (Tables) | 9 Months Ended
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Dec. 31, 2025
REVENUE RECOGNITION |
Schedule of revenue | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended December 31, | ​ | Nine Months Ended December 31,
​ | ​ ​ ​ | 2025 | ​ ​ ​ | 2024 | ​ ​ ​ | 2025 | ​ ​ ​ | 2024
Revenue by Type | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Digital | ​ | $ | 17,422,844 | ​ | $ | 16,662,287 | ​ | $ | 47,808,353 | ​ | $ | 46,885,237
Performance | ​ |  | 6,205,475 | ​ |  | 4,355,603 | ​ |  | 18,478,276 | ​ |  | 14,573,765
Synchronization | ​ |  | 4,566,797 | ​ |  | 4,126,568 | ​ |  | 13,321,701 | ​ |  | 12,758,080
Mechanical | ​ |  | 602,664 | ​ |  | 949,201 | ​ |  | 2,871,642 | ​ |  | 2,708,207
Other | ​ |  | 1,323,765 | ​ |  | 799,444 | ​ |  | 3,449,977 | ​ |  | 2,564,007
Total Music Publishing | ​ | ​ | 30,121,545 | ​ | ​ | 26,893,103 | ​ | ​ | 85,929,949 | ​ | ​ | 79,489,296
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Digital | ​ |  | 9,349,661 | ​ |  | 8,141,819 | ​ |  | 26,073,214 | ​ |  | 21,911,052
Physical | ​ |  | 1,860,026 | ​ |  | 1,969,738 | ​ |  | 4,277,817 | ​ |  | 4,825,757
Neighboring rights | ​ |  | 1,147,110 | ​ |  | 887,478 | ​ |  | 3,321,891 | ​ |  | 3,073,765
Synchronization | ​ |  | 515,782 | ​ |  | 965,300 | ​ |  | 2,626,156 | ​ |  | 2,476,787
Total Recorded Music | ​ | ​ | 12,872,579 | ​ | ​ | 11,964,335 | ​ | ​ | 36,299,078 | ​ | ​ | 32,287,361
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other revenue | ​ | ​ | 2,573,755 | ​ | ​ | 3,446,278 | ​ | ​ | 5,938,196 | ​ | ​ | 5,511,295
Total revenue | ​ | $ | 45,567,879 | ​ | $ | 42,303,716 | ​ | $ | 128,167,223 | ​ | $ | 117,287,952
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended December 31, | ​ | Nine Months Ended December 31,
​ | ​ ​ ​ | 2025 | ​ ​ ​ | 2024 | ​ ​ ​ | 2025 | ​ ​ ​ | 2024
Revenue by Geographical Location |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
United States Music Publishing | ​ | $ | 17,984,750 | ​ | $ | 16,758,233 | ​ | $ | 47,812,550 | ​ | $ | 46,670,370
United States Recorded Music | ​ |  | 6,765,683 | ​ |  | 5,881,469 | ​ |  | 19,356,355 | ​ |  | 17,624,673
United States other revenue | ​ |  | 2,573,755 | ​ |  | 3,446,278 | ​ | ​ | 5,938,196 | ​ |  | 5,511,295
Total United States | ​ |  | 27,324,188 | ​ |  | 26,085,980 | ​ |  | 73,107,101 | ​ |  | 69,806,338
International Music Publishing | ​ |  | 12,136,795 | ​ |  | 10,134,870 | ​ |  | 38,117,399 | ​ |  | 32,818,926
International Recorded Music | ​ |  | 6,106,896 | ​ |  | 6,082,866 | ​ |  | 16,942,723 | ​ |  | 14,662,688
Total International | ​ |  | 18,243,691 | ​ |  | 16,217,736 | ​ |  | 55,060,122 | ​ |  | 47,481,614
Total revenue | ​ | $ | 45,567,879 | ​ | $ | 42,303,716 | ​ | $ | 128,167,223 | ​ | $ | 117,287,952
Schedule of change in deferred revenue | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine Months Ended December 31,
​ | ​ ​ ​ | 2025 | ​ ​ ​ | 2024
Balance at beginning of period | ​ | $ | 1,885,462 | ​ | $ | 1,163,953
Cash received during period | ​ |  | 8,496,975 | ​ |  | 5,390,560
Revenue recognized during period(a) | ​ |  | (6,319,168) | ​ |  | (4,178,596)
Balance at end of period | ​ | $ | 4,063,269 | ​ | $ | 2,375,917
| (a) | Includes revenues of $1,643,875 during the nine months ended December 31, 2025 related to the balance of deferred revenue at April 1, 2025. Includes revenues of $1,060,929 during the nine months ended December 31, 2024 related to the balance of deferred revenue at April 1, 2024.

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