Spotify, Pandora, Streaming Music Make Up 25 Percent of Warner Digital - Peter Kafka - Media - AllThingsD
Ottway Ducard stashed this in Create
Warner Music Group says streaming services contributed 25 percent of the digital revenue that its “recorded music” group saw last quarter. That works out to be about $54 million, or about 8 percent of Warner’s total revenue for the period.
What’s more encouraging for Warner — and presumably, the rest of the big labels — is that streaming revenue is growing quickly, but doesn’t seem to be cutting into traditional digital sales from outlets like iTunes.*