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Introduction

Revenue for WMG has exceeded $1bn for the third quarter in a row and only the fourth time in the company's history.

Highlights

  • Although streaming was the main revenue generator, with higher earnings from access services driving year-on-year recorded-music income growth, declines in three of the four main publishing income sources meant the rise in streaming revenue for Warner/Chappell could not prevent the overall publishing total from falling for the first time since the final quarter of 2015.

Features and Benefits

  • Details the financial results published by major music group WMG.
  • Examines the performance of the company's recorded-music sector and publishing division Warner/Chappell.

Key questions answered

  • What share of recorded-music and music-publishing revenue for the two WMG divisions came from digital in the first three months of this year?
  • How did WMG's US recorded-music and publishing operations fare compared with its international ones?

Table of contents

Ovum view

  • Summary
  • Strong start to the calendar year for WMG
  • Recorded-music results
  • Digital takes the publishing lead

Appendix

  • Author