Why the Major Music Companies' Profits Are Soaring in the Year of Chaos

Looking at WMG’s recorded music numbers from the second calendar quarter Warner’s “product costs,” a.k.a. the cost of

As expenses reduce at the world’s biggest music companies, then, streaming’s growth is stretching profit margins to numbers that should have investors smiling.here’s certainly one change I can see leaving a lasting imprint on the majors. 65 million to 70 million music tracks” in its library. That’s some massive growth: In its 2019 annual report, Spotify described hosting “over 50 million tracks.” In 2018, it was “over 40 million tracks.”

Now do the artists and songwriters

What’s a Major Music Company? You mean like twitter ?

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