An Interest In:
Web News this Week
- April 20, 2024
- April 19, 2024
- April 18, 2024
- April 17, 2024
- April 16, 2024
- April 15, 2024
- April 14, 2024
Some of Our Sources
- BoingBoing
- Technology Review
- TutsPlus - Code
- Web Designer Wall
- Web Designer Depot
- Naldz Graphics
- Noupe
- Spyre Studios
- Design Modo
- Willems Lab
Help Webnuz
Referal links:
May 7, 2016 12:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/DZEGyB_5MMM/streaming-surpasses-cd-sales-at-warner-music
Streaming Surpasses CD Sales At Warner Music
An anonymous reader writes: The times are a changin'. "Warner Music Group has become the first major record company to report that streaming has become its largest source of revenue, surpassing sales of physical formats such as CDs and vinyl," reports Financial Times. Last year, Warner's streaming revenue surpassed its sales for downloads. It goes to show just how much of an impact streaming services like Spotify and Apple Music are having on the music industry. Warner is the third-largest record company and has embraced streaming more quickly than the rest of the industry. "This rapid transformation is evidence of our ability to sign, develop and market artists that thrive in the streaming world," said Stephen Cooper, Warner's chief executive. The company reports that total recorded music revenue grew 10 percent to $610 million in the first three months of the year. Overall digital revenue increased 20 percent to $328 million, offsetting declines in physical formats like CDs.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/DZEGyB_5MMM/streaming-surpasses-cd-sales-at-warner-music
Share this article:
Tweet
View Full Article
Slashdot
Slashdot was originally created in September of 1997 by Rob "CmdrTaco" Malda. Today it is owned by Geeknet, Inc..More About this Source Visit Slashdot