Warner Music Made More Money from Streaming than it Did Downloads

So, it Seems that while Streaming Services Don't Offer Much of a Payout for Artists, at least One Label is apparently Doing Pretty Well Off of them. Warner Music Group Announced Today that, for the 1st Time Ever, it Made More Money Off of Streams than it did Selling Downloads. With Income from Spotify and YouTube, the Outfit Raked in Some 33% More Money in its 2nd Quarter, while Digital Music Sales only Increased by a Paltry 7%. The Deftones' Label Says that, it'll Keep Working with Streaming Partners to Keep this Sort of Thing Happening and to "ensure artists and songwriters receive appropriate value for their work". Hopefully that Means a Re-Appraisal of Streaming Royalties for the People Who, you Know, actually Make the Music that's being Streamed.




Info Sources:

http://investors.wmg.com/phoenix.zhtml?c=182480&p=irol-irhome

http://recode.net/2015/05/11/warner-music-says-streaming-revenue-has-passed-downloads-and-it-wants-more