Warner Music Group posted its financial results for the fourth quarter and full financial year. The results showed another year where streaming helped drive growth for a major music company. Warner did not break out its streaming revenue, but the digital shares include that performance. Continue Reading
Warner Music Group has entered a licensing deal with Anghami, a streaming platform serving the Middle East and Africa. Thanks to the deal, Warner’s catalog will be available to Anghami’s entire audience of more than 50 million users. Continue Reading
Warner Music Group has signed a licensing deal to bring its catalog to Mdundo, a streaming service in Africa. The company offers both streaming and downloads, although the Warner library will only be available to stream. Mdundo has both ad-supported and paid streaming options. Continue Reading
Music Business Worldwide is reporting that two of the major labels have started legal proceedings against TuneIn UK around possible breach of copyright. Sources told the publication that the suit alleges the UK branch of the online audio company had at least 800 unlicensed music streams in that market. Continue Reading
Warner Music Group announced two personnel developments. First, Kieron Donoghue is leaving the label. Second, Warner has hired Mark Baker as vice president of public policy and government affairs. Continue Reading
Digital audio service Mixcloud has secured its first major label direct licensing deal. The audio platform announced a partnership with Warner Music Group that will form the basis of a new subscription offering. Continue Reading
Apple has reportedly inked a new licensing deal with Warner Music Group. Unnamed sources told Bloomberg that the updated arrangement will see Apple paying a smaller share of its revenue. The tech company may also be near to a similar deal update with Sony Music Entertainment, although does not appear to have progressed in talks with Universal Music Group. Continue Reading
Spotify has secured a licensing deal with Warner Music Group, meaning the streaming service now has agreements with all three major labels. The Warner deal is one of the final pieces Spotify needs to progress with any means of going public. Continue Reading
Spotify has reportedly made progress toward securing a licensing deal with Warner Music Group. Reuters cited four unnamed sources in its exclusive report that the streaming company was moving closer to an agreement with the third major label. The specifics of this alleged arrangement are still being hammered out, but the sources told Reuters that the parties had already agreed to Spotify paying a smaller share of revenue to Warner in exchange for the label’s artists to window their work to paid subscribers for a period. Continue Reading
Warner Music Group posted is Q2 financial results. Quarterly revenue for the major label totaled $825 million, up 11% from $745 million in the year-ago period. Digital revenue rose 21.9% to secure a 53.2% share of Warner’s total quarterly revenue with $400 million. Continue Reading
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
Warner Music Group has made another addition to its digital team, this time focused on the role of playlists in today’s streaming music industry. Michael Steele has been hired as the label’s director of playlist programming and curation. Continue Reading