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YouTube, Spotify boost Warner Music's earnings

Written by Andre Yoskowitz (Google+) @ 09 Aug 2012 23:18 User comments (6)

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.

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6 user comments

110.8.2012 0:03

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

310.8.2012 0:54

But piracy is killing the music industry. KILLING! haha

410.8.2012 5:06

Sorry everyone for streaming for 9 hours a day.

didn't mean to give Warner so much cash.

510.8.2012 5:07

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

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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