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Warner Music Reveals Streaming Earnings Has Overtaken Downloads

YouTube Will Now Launch The Interview At present

That included a 33% improve in streaming earnings, as it overtook WMG’s obtain revenues for the primary time. “The fee of this growth has made it abundantly clear to us that in years to come, streaming can be the way in which that most people enjoy music,” chief executive Stephen Cooper told analysts in the company’s earnings name.

Cooper’s comments come at a time when the economics of streaming music are the subject of intense debate inside the music business, with two essential points. Firstly, whether streaming - and the free, on-demand streaming tiers of companies like Spotify and Deezer - is making as a lot money as artists, songwriters, and labels and publishers representing them, need. And, secondly, whether streaming even pays off for the businesses offering it, given that flagship service Spotify recorded losses of €162m in 2014 alone. Grainge’s feedback have been interpreted as a need by his firm to restrict and even remove the free tiers of companies like Spotify, but Cooper advised caution in his feedback to analysts.

“There are any variety of models on the market, and all of those fashions - ad-based, subscription-based mostly or with each - are higher than piracy. To be crystal clear: piracy is zero revenue, it’s the theft of intellectual property, and it’s not good for anyone. So Disadvantages Of VoIP of these models are better than piracy,” stated Cooper.

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