Warner has reported revenue grew 15% to just below $200m for the period. Digital revenue now accounts for roughly a third of total revenue, which feel by 1% to $662m. Revenue from recorded music declined 0.9% from the prior year quarter to $534m. Recorded music digital revenue of $189m grew 13.9% over the prior-year quarter with domestic digital revenues reaching $117m. Digital recorded music revenues now account for 46.8% of total domestic recorded music revenue, compared with 41.0% in the prior-year quarter. The music group’s publishing revenue declined 1.5% from the prior-year quarter to $134m. Digital revenue from Music Publishing was up 85.7% from the prior year quarter to $13m.
Tools: platforms to help you reach new audiences
Tools: Kaiber
In the year or so since its launch, AI startup Kaiber has been making waves,…