{"id":12972,"date":"2017-08-10T12:00:03","date_gmt":"2017-08-10T12:00:03","guid":{"rendered":"http:\/\/routenote.com\/blog\/?p=12972"},"modified":"2017-08-10T12:32:47","modified_gmt":"2017-08-10T12:32:47","slug":"warner-music-already-made-2-7-billion-year-thanks-streaming","status":"publish","type":"post","link":"https:\/\/routenote.com\/blog\/warner-music-already-made-2-7-billion-year-thanks-streaming\/","title":{"rendered":"Warner Music Group (WMG) have already made $2.7 billion this year, thanks streaming"},"content":{"rendered":"<h4>Warner Music was sold for $2.6 billion in 2004, and now roughly ten years later WMG have\u00a0made more than that in 7 months.<\/h4>\n<p>So if you haven&#8217;t noticed music streaming is massive, so massive in fact that it&#8217;s creating the biggest surges in the music industry for 20 decades. Independent musicians suddenly have a voice thanks to the internet, and thanks to streaming services both indie artists and the major labels have incredible global platforms for their music.<\/p>\n<p>Following Sony&#8217;s reveal last week that their profits are rising 20% year on year, Warner are now showing major results from this years music revenues. Warner Music Group (WMG) have reported $2.7 billion in recorded music revenues so far this year, and we&#8217;re only just passed halfway through the year.<\/p>\n<p>A lot of this can be put down to the boom of music streaming services, which stepped in as a profitable alternative after internet piracy ripped the industry apart. This comes as <a href=\"http:\/\/routenote.com\/blog\/last-major-label-warner-close-deal-spotify\/\">Warner are currently, reportedly, in the process of signing a new contract with Spotify<\/a> that will likely involve some form of exclusivity for new releases, similar to <a href=\"http:\/\/routenote.com\/blog\/certain-albums-spotify-will-premium-exclusive-universal-music-group-deal\/\">Spotify&#8217;s\u00a0deal with Universal<\/a>. In return Warner will likely concede to a slight cut in revenue percentages, giving Spotify more hope of becoming profitable.<\/p>\n<p>It&#8217;s a giant turnaround for Warner and a testament to the effect streaming is having on the music industry around the world. Just 12 years ago in 2004 Time-Warner ditched WMG in a $2.6 billion sale to an independent entity. Time-Warner are likely kicking themselves now. In 2011 WMG was sold again for $3.3 billion to Len Blavatnik who has seen Warner sales rise 41% since his purchase.<\/p>\n<p>In comparison to the same time last year, Warner stood at a $7 million loss in this same spot. Now Warner have reported a $143 million net profit, a massive turnaround. Whilst times are looking up for WMG massively they are still in the shadow of $2.797 billion in debt.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Warner Music was sold for $2.6 billion in 2004, and now roughly ten years later WMG have\u00a0made more than that in 7 months. So if you haven&#8217;t noticed music streaming is massive, so massive in fact that it&#8217;s creating the biggest surges in the music industry for 20 decades. Independent musicians suddenly have a voice thanks to the internet, and thanks to streaming services both indie artists and the major labels have incredible global platforms for their music. Following Sony&#8217;s reveal last week that their profits are rising 20% year on year, Warner are now showing major results from this&#8230;<\/p>\n","protected":false},"author":12,"featured_media":12974,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[13],"tags":[474,3815,28,550,678,5580,230,825,422,9156,467,21,433],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.4.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Warner Music Group (WMG) have already made $2.7 billion this year, thanks streaming - RouteNote Blog<\/title>\n<meta name=\"description\" content=\"Warner Music was sold for $2.6 billion in 2004, and now roughly ten years later WMG have made more than that in 7 months.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/routenote.com\/blog\/warner-music-already-made-2-7-billion-year-thanks-streaming\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Warner Music Group (WMG) have already made $2.7 billion this year, thanks streaming - 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