Warner Music Group has published its figures for the last quarter (ending 30th June) – reporting a growth of 18.9% to $788m (across recorded and publishing). Its acquisition of Parlophone was a significant part of this, with Billboard stating that if the formerly EMI-owned label was taken out of the equation then Warner’s growth would only have been 3.5%. Once again, digital was a star performer – growing 26.1% in the period to $324m and accounting for 41.1% of the company’s total revenue. Streaming income (for recorded music) was up 102% to $69m. It was not, however, all champagne news as the company’s net loss widened to $185m from $62m in the same period 2013. For the recorded music side of the company, total revenues were up 22.8% while digital increased by 26.7% to a position where it accounts for 59.8% of all recorded music revenue. For its publishing arm, digital revenue increased by 22.7% but sync income slipped by 3.8%.
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