YouTube, Spotify boost Warner Music's earnings

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
Tags
Sales Music Streaming Warner Music Group Revenue Digital
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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

    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

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