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News: Music Industry

WMG Reports Strong Q3 Driven By Streaming Revenue

August 9, 2017

Warner Music Group Corp. today announced third quarter financial results for the period ending June 30, 2017. It was WMG's strongest quarter in years. Net income was $143 million, compared to a $7 million loss in the prior-year quarter. Total revenue grew 13.1% or was up 15.5% in constant currency. Digital revenue grew 30.2% or was up ...

News: Trends

Streaming Revenue Could Surpass Live Income For Many Artists, says Mark Mulligan

June 16, 2017

"Do not assume that we have arrived at your destination," writes music industry analyst Mark Mulligan, referring to live music rather than recordings as the primary income driver for most musicians and the industry. “Add together all the pieces and you start to create an environment in which artists can see a more immediate direct return ...