Warner Music Group posted a profit of $2 million in its fiscal second quarter ended March 31 2013 as overall revenues jumped 8%.
Net income moved into the black compared to a $36 million loss for the same period in 2012.
Overall WMG revenue went from $623m in 2012 to $675m, while digital revenue saw a 20% rise from $235m to $281m.
WMG’s digital revenue represented 41.6% of total revenue for the quarter, compared to 37.7% in the prior-year quarter. ...
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