Warner Music Group says streaming providers now account for 25 % of digital income
We have been seeing loads of proof that streaming music providers like Spotify, Pandora and Rdio are pulling in additional people than ever, and we now even have a good suggestion of how that progress is affecting the underside strains of music labels. In its third quarter earnings report, Warner Music Group revealed that streaming providers now account for a full 25 % of the digital income for its recorded music group. As AllThingsD reviews, that interprets to eight % of Warner Music’s complete income for the quarter, or about $fifty four million in all. What’s extra, that progress in streaming seems to be a internet plus for the corporate throughout, because it’s apparently not slicing into conventional gross sales of digital music (at the very least, not but), and can also be greater than the lower in gross sales of bodily media.