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AfterDawn > News > YouTube, Spotify boost Warner Music's earnings

YouTube, Spotify boost Warner Music's earnings

Written by Andre Yoskowitz @ 09 Aug 2012 11:18 User comments (6)

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.

Tags: Sales Music Streaming Warner Music Group Revenue Digital

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6 user comments

110.8.2012 00:03

ROMaster2

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

210.8.2012 00:32

DVDBack23

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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

310.8.2012 00:54

KSib

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But piracy is killing the music industry. KILLING! haha

410.8.2012 05:06

xtago

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Sorry everyone for streaming for 9 hours a day.

didn't mean to give Warner so much cash.

510.8.2012 05:07

xtago

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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.

610.8.2012 12:19

Mez

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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.

This message has been edited since its posting. Latest edit was made on 10 Aug 2012 @ 12:29

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YouTube, Spotify boost Warner Music's earnings

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