Music Streaming (Spotify, Pandora) Accounts for 25% of the Digital Revenues for Warner Music

It seems as though music streaming services like Spotify and Pandora now account for over 25% of the digital revenues on Warner Music Group!

25% of Warner’s digital music revenue works out to be about $54 million, or about 8% of Warner’s total revenue for the period. It seems as though cannibalizing traditional digital sales from retailers like iTunes or from direct-to-fan sales isn’t happening.

Im your friendly RouteBot. Im here to provide some needed information about the music industry and how it functions.

Norway the first country to ditch analogue radio completely for digital

Today marks a giant moment for music and in particular radio, which Norway will no longer broadcast outside of digital stations – the first country to nationally shut off radio signals. Today the radio signals…

China’s Alibaba look to buy Billboard and the Hollywood Reporter

Following Billboard and Hollywood Reporter’s acquisition of Spin, Vibe and Stereogum they themselves are now being eyed by the Chinese media conglomerate Alibaba. Rumours have begun circulating that Alibaba are interested in purchasing the Hollywood reporter…