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Warner Music Reveals Streaming Income Has Overtaken Downloads

YouTube Will Now Release The Interview At present

That included a 33% improve in streaming earnings, because it overtook WMG’s obtain revenues for the first time. “The rate of this growth has made it abundantly clear to us that in years to come, streaming will be the way that most people take pleasure in music,” chief government Stephen Cooper informed analysts in the company’s earnings name.

Cooper’s comments come at a time when the economics of streaming music are the topic of intense debate throughout the music business, with two fundamental issues. Firstly, whether or not streaming - and the free, on-demand streaming tiers of firms like Spotify and Deezer - is making as a lot money as artists, songwriters, and labels and publishers representing them, need. And, secondly, whether or not streaming even pays off for the businesses providing it, given that flagship service Spotify recorded losses of €162m in 2014 alone. Grainge’s comments have been interpreted as a want by his firm to restrict or even remove the free tiers of services like Spotify, however Cooper suggested warning in his comments to analysts.

“There are any variety of models out there, and all of those fashions - advert-primarily based, subscription-based mostly or with each - are better than piracy. To be crystal clear: piracy is zero income, it’s the theft of intellectual property, and it’s not good for anyone. So all of these fashions are higher than piracy,” stated Cooper.

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