Andre Yoskowitz
9 Aug 2012 23:18
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.