Items tagged with warner music group

The people have spoken with their wallets, and what they've said is they prefer their tunes served up on a streaming platter. Or at least that's the message music lovers are sending to Warner Music Group, which for the first time saw its streaming music revenue skip ahead of revenue from selling song downloads last quarter. It's a fast growing category. Aided by popular services like Spotify, WMG said its streaming revenue grew 33 percent in the second quarter of its fiscal 2015. At the same time, Warner's digital revenue grew 7 percent overall, indicating that download sales went down during last quarter. It's a bit ironic given the tension between music labels and streaming services. Image... Read more...