Spotify, Pandora, Streaming Music Make Up 25 Percent of Warner Digital - Peter Kafka - Media - AllThingsD
Ottway Ducard stashed this in Create
Stashed in: Spotify
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.*