Warner revenue tops $3bn for first time in five years
Warner Music Group revenue topped $3 billion for the first time in five years, following a rise in streaming and various acquisitions.
For the year ending September 30, WMG’s revenue hit $3.02bn on a constant currency basis – a rise of 5.2%. The last time the company passed the $3bn mark was back in 2009.
Streaming revenue for the fiscal year rose $215 million. Recorded music streaming revenue rose $200m in total ($150m excluding the impact of the Parlophone Label ...
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