AfterDawn: Tech news

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.

Previous Next  

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

Comments have been disabled for this article.

Latest news

A bug in Chrome allows you to download Netflix movies A bug in Chrome allows you to download Netflix movies (25 Jun 2016 15:21)
A group of security researchers have found a vulnerability in Google's Chrome browser that allows downloading movies straight from Netflix. This is obviously not a feature especially the entertainment ....
7 user comments
Three out of four Netflix customers would rather cancel than watch ads Three out of four Netflix customers would rather cancel than watch ads (25 Jun 2016 14:05)
For a long time Netflix was adamant on its pricing. No changes were made for a long time and everything seemed to be good. The markets obviously reacted and more expensive deals and original ....
4 user comments
Apple Music left in the dust, Spotify at 100 million subscribers Apple Music left in the dust, Spotify at 100 million subscribers (25 Jun 2016 12:01)
Spotify has told The Telegraph that it has surpassed the 100 million mark in subscribers. Paying subscribers was earlier this year reported to have passed 30 million. Apple meanwhile is having ....
2 user comments
Rumor has it that Apple has cancelled iPhone's dual camera Rumor has it that Apple has cancelled iPhone's dual camera (18 Jun 2016 18:05)
The next iPhone will be a major upgrade to current iPhone 6s. This biyearly full upgrade cycle provides us with a bigger upgrade every two years. But how will Apple update its number one product, ....
6 user comments
OnePlus releases new flagship killer, smaller X discontinued OnePlus releases new "flagship killer", smaller X discontinued (18 Jun 2016 16:11)
The small Chinese smartphone maker OnePlus took the world by storm two years ago by releasing a super cheap flagship smartphone. They called it the flagship killer, and it indeed challenged ....
4 user comments

News archive