Major Record Labels Continue to Lose Money

Great post over at Digital Music News outlines Warner Music Groups Financials from 2002-2012. Warner Music Group financial profits/losses, fiscal years 2002-2012 (as reported to the SEC). 2012: ―$190 million. 2011: ―$206 million. 2010: ―$143…

Warner Music Group Financial – Digital Up 15% – But Still Huge Losses Overall

Warner Music Group just released their most recent financial figures and they are very interesting reading. Overall revenues up 2% year-on-year to $731m, with digital up 15% to $241m as part of that – so…

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…

Warner Music Financials and Views on iTunes

Warner Music Group have announced their numbers for the first quarter of 2010. Warner Music Group cut its loss to $25 million compared to $68 million a year ago. Recorded music sales were down 5.5%…

2010 Quarter 1 Marketshare for Major Music Labels

Record industry trade Hits Daily Double has gone through the numbers for Q1 of 2010 to see how the major label marketshare is shaping up. Sony has been gaining some great marketshare from Universal, Im…

Warner Music Group Announces Heavy Losses for 2nd Quarter 2009

In a report to shareholders this morning, Warner Music Group revealed that in the quarter ending June 30th, 2009, total revenue decreased 9.3% and operating income from continuing operations declined 51%. Total losses from continuing…

Universal Music and YouTube Partner for New Music Vide Website

CNET and the Wall Street Journal are both reporting that Universal Music Group and YouTube are in final negotiations to create a new music videos website, with the working title of Vevo. The site is…

Amazon Mp3 Has Finally Launched Its UK Music Download Store

Amazon has just launched their Mp3 Music store in the UK. The store can be found at http://mp3.amazon.co.uk. The simple-to-use digital music store offering over 3 million DRM-free (Digital Rights Management) songs which will work…

P2P Music Downloads Worth $69 billion. Is Digital Music Distribution Going Down The Toilet?

In 2007 P2P music downloads were worth a staggering $69 billion, and all other forms of movie/television piracy are on the rise. Techcrunch has been talking a lot about using music online as a free…

Scandinavian Experimentation – TDC Denmark in ISP funded music model

The whole industry is aware that traditional, physical music sales are threatened by new mobile and internet methods of music consumption, and lot of suggestions for the way that music will be paid for in…