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How Warner Music and Its Musicians Are Combating Declining Album Sales
Date: Thursday, June 24, 2010 @ 10:38:04 UTC

WMG's digital sales were up 11% last quarter, with digital music making up 30% of its revenues worldwide and 47% in the United States. (Sources say that at Atlantic, digital music approaches 60%.) Overall revenue is steady at more than $3 billion annually and margins are up. In comparison, Universal Music's revenue last quarter dropped 13% and digital music sales dipped 2%. While WMG posted its fifth straight quarterly loss and analysts expect it to post a loss this year, those metrics are somewhat misleading. Complete Article







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