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YouTube, Spotify boost Warner Music's earnings

It appears that Spotify, Pandora and YouTube have helped boost Warner Music's earnings this quarter.

Overall, streaming services accounted for 25 percent of the digital revenue its "recorded music" saw for the quarter.



In total, the $54 million works out to about 8 percent of Warner's total revenue.

Perhaps more importantly, the increase in digital sales actually outpaced the decline in physical sales for the first time ever.

Written by: Andre Yoskowitz @ 9 Aug 2012 23:18

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• 6 comments

• ROMaster2

  It would be nice if you had sources once in a while.

  10.8.2012 00:03 #1

• DVDBack23

  Originally posted by ROMaster2: It would be nice if you had sources once in a while. Enjoy. http://www.wmg.com/newsdetails/id/8a0af...139082982ad0173
  

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  10.8.2012 00:32 #2

• KSib

  But piracy is killing the music industry. KILLING! haha

  10.8.2012 00:54 #3

• xtago

  Sorry everyone for streaming for 9 hours a day.
  
  didn't mean to give Warner so much cash.

  10.8.2012 05:06 #4

• xtago

  Originally posted by KSib: But piracy is killing the music industry. KILLING! haha Well you don't make money to pay people if no one buys the stuff.

  10.8.2012 05:07 #5

• Mez

  Originally posted by KSib: But piracy is killing the music industry. KILLING! haha It is not piracy but their own stupidity that is killing them. Watch, they will raise the rates enough, reatly reduce their profit. Greed and promoting losers are killing them.

  10.8.2012 12:19 #6