Financial reports from Warner Music Group shows streaming services are not cutting revenue from traditional digital outlets.
First reported by AllThingsD, the examination of Warner's financials show the increase in streaming revenue more than balanced out the decline in sales via physical media (CDs). Subscriptions services Spotify and Rhapsody, as well as Web radio outlets (Pandora, Sirius/XM, and Clear Channel) provided the revenue.
Royalties paid by YouTube for songs attached to videos added to the total. The $54 million was about eight percent of Warner's total revenue for the quarter. No details of how much revenue came from which source were released, but YouTube likely played a large role in the total.
What about the artists?
I wonder how much artists are really getting from these streaming services. It just can't be much at all. Shmich on endadget.com
So once in a while I will buy a physical copy. Sometimes they have stuff you can’t download like photo books, trading cards, posters etc. philipharodwarren on theverge.com