• Warner Music Group 2015 Q1 Earnings: Streaming Revenue Surpases Downloads

    As industry observers see the growing dominance of streaming, many have waited for the moment when it would become more important than digital downloads. Warner Music Group announced its first quarter earnings ending on March 31st and the main takeaway from their report was that streaming has at last surpassed downloads the primary source of revenue for the smallest of the three major labels.

  • SoundCloud Confirms Licensing Deal with Warner Music Group

    After posting a $29 million loss in 2013, there was a real sense of urgency that something had to give at Swedish music streaming service SoundCloud to create a sustainable revenue stream that would not only pay artists and labels, but also get them out of the red. It appears it is on the road to do that after the announcement that it finally penned the back-and-forth deal with Warner Music Group.The deal marks the first of the three majors to sign with a licensing deal with SoundCloud, which has reportedly been close to signing with the three majors in the past. But after those deals fell through and the recent posting of its 2013 losses, things started to look grim for SoundCloud and its ability to monetize its massive user base.
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