Sign up FAST! Login

Spotify, Pandora, Streaming Music Make Up 25 Percent of Warner Digital - Peter Kafka - Media - AllThingsD

Stashed in:

To save this post, select a stash from drop-down menu or type in a new one:

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.*

You May Also Like: