advertisement
advertisement
advertisement
  • 12.08.16

Streaming music pays off for Warner Music Group with highest revenue in 8 years

More than 15 years after Napster started gutting the traditional music industry, big labels are finally able to point to promising numbers. Thanks to the rise of streaming music services like Spotify and Apple Music, Warner Music Group just posted its highest revenue in eight years, according to Music Business Worldwide. In the yearlong period ending this September, WMG saw $3.25 billion in revenue, about $2.7 billion of which was from recorded music. 

[Chart courtesy of Music Business Worldwide]JPT