Warner Music Posts Best-Ever Quarterly Revenue as Stand-Alone Company

  • 📰 Variety
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Warner Music Group posted its best-ever quarterly revenue in its 17-year history as a stand-alone company, it announced on Monday, powered by streaming, which led to double-digit growth in digital …

posted its best-ever quarterly revenue in its 17-year history as a stand-alone company, it announced on Monday, powered by streaming, which led to double-digit growth in digital revenue.

Top-performing artists during the quarter included Dua Lipa, Ava Max, Johnny Hallyday and Ed Sheeran. Revenue was up 6.3% . The company’s digital revenue growth across recorded music and publishing was partially offset by a decline in recorded music physical and artist services and expanded-rights revenue and in publishing performance, mechanical and synchronization revenue, which reflects the impact from COVID, the statement notes; recorded music licensing revenue was flat.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

All thanks to DUALIPA I guess 🥳🥳

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 108. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines