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Warner inks YouTube deal despite “difficult circumstances”

Warner Music Group has signed a global licensing deal with YouTube, but the major label still reportedly expressed reservations about working with the video platform. CEO Steve Cooper has reportedly shared an internal memo with WMG that said the YouTube deal was signed “under very difficult circumstances.” Continue Reading

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Warner Music Group turns 2016 profit with boost from streaming revenue

Warner Music Group posted its financial results for the fourth quarter and the fiscal year, and streaming played a large part in the company’s strong results. The label didn’t break out specific numbers for streaming’s contribution, but did acknowledge its role in more general terms. “Digital growth reflects a continuing shift to streaming revenue,” the press release read. Continue Reading