Streaming music overtakes MP3 sales at one of the largest record labels<article>
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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. 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.</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>
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Streaming music overtakes MP3 sales at one of the largest record labels
