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Title: Streaming music overtakes MP3 sales at one of the largest record labels Post by: HCK on May 13, 2015, 03:00:12 am Streaming music overtakes MP3 sales at one of the largest record labels
<article> <section class="page"> <p> For the first time, a major record label says it’s making more money from streaming music than it is from MP3 sales.</p><p> Warner Music Group’s streaming revenue from services such as Spotify and YouTube grew 33 percent year-over-year last quarter, Recode reports (http://recode.net/2015/05/11/warner-music-says-streaming-revenue-has-passed-downloads-and-it-wants-more/). The label said this growth “more than offset a decline in download revenue” from digital stores such as iTunes.</p><p> “Declines in download revenue are expected to be a continuing trend,” Warner said in an earnings statement (http://www.wmg.com/newsdetails/id/8a0af8124d396c2f014d43ef96b2005d).</p><p class="jumpTag"><a href="/article/2921573/streaming-music-overtakes-mp3-sales-at-one-of-the-largest-record-labels.html#jump">To read this article in full or to leave a comment, please click here[/url]</p></section></article> Source: Streaming music overtakes MP3 sales at one of the largest record labels (http://www.macworld.com/article/2921573/streaming-music-overtakes-mp3-sales-at-one-of-the-largest-record-labels.html#tk.rss_all) |