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.

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