Ole Obermann is departing his role as chief digital officer of Warner Music Group. He is exiting after three years with Warner, where he helped secure deals with many online platforms for the label. WMG will appoint an interim leader for this team until a permanent replacement is selected. Continue Reading
Warner Music Group has signed a direct licensing deal with Boomplay Music, a leading music streaming service in Africa. Under the terms of their agreement, Boomplay will be able to distribute WMG’s catalog of more than 1 million songs to its listeners Continue Reading
Dubset is quietly collecting a growing roster of labels and libraries for its platform for quickly licensing compositions to use in remixes and DJ playlists. The latest addition is Warner Music Group, which is now one of the biggest labels to ink a partnership with the company. Continue Reading
Spotify has been positioning itself to roll out in India for many months, but its plans have hit a big hurdle. Warner Music Group has sued the streaming service, filing an injunction against it playing music by its songwriters in India. Continue Reading
Warner Music Group published the financial results for its fiscal first quarter, which it reports as the three-month period ending December 31, 2018. The company posted total revenue up 15.1% on-year to $1.2 billion, with digital revenue increasing 17.6% to $627 million. Continue Reading
Warner Music Group released its financial results for the fourth quarter and fiscal year ending September 30, 2018. Quarterly revenue increased 13.3% to $1.039 billion, with $596 million of that stemming from digital sources. For the full fiscal year, total revenue was $4.005 billion, up 12%, and total digital revenue for the year was $2.252 billion. Continue Reading
Warner Music Group has hired Jess Keeley-Carter as its new senior vice president of global digital marketing. She will assume the role beginning January 14. She joins the label from Facebook, where she oversaw label partnerships in Europe, the Middle East, and Africa. Continue Reading
Warner Music Group posted its financial results for the period ending June 30, the major label’s fiscal third quarter. Total revenue for the period grew 4.5% on-year to $958 million. In addition to the financial updates, Warner also shared details about how it handled its Spotify stock. Continue Reading
Spotify’s direct listing on the New York Stock Exchange marked a new chapter for the streaming music service, and the action has continued to make waves in the industry. The latest developments are that two of the major labels that were early investors in Spotify during its startup days have sold portions of their shares. Continue Reading
Warner announced that it generated $791 million in recorded music revenue during its second quarter ending March 31, up 15% on-year. Streaming was responsible for $415 million of that total, a 38.3% from the results in the same period last year. Continue Reading
Facebook continues its assembling of music industry deals. The social media company has secured a broad licensing deal with Warner Music Group that covers use of both its recorded music and music publishing catalogs. Continue Reading
Warner Music Group has reported its financial results for the fiscal first quarter ending December 31. The major label posted a 14% increase in total revenue to nearly $1.05 billion. The label does not detail specifics about streaming revenue, but its chief exec did credit streaming as a positive. Continue Reading