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As industry observers see the growing dominance of streaming, many have waited for the moment when it would become more important than digital downloads. Warner Music Group announced its first quarter earnings ending on March 31st and the main takeaway from their report was that streaming has at last surpassed downloads the primary source of revenue for the smallest of the three major labels. -
Warner Music Group Settles with Previous Interns as Two More Major Companies Undergo New Lawsuits
Warner Music Group is but one of many music companies that has been brought under fire for the legality of its internship programs, and now it's become the largest of such to come to a settlement with the parties bringing suit. -
Warner Brothers Music Group Acquires Golden Typhoon, Partners with Tencent as Part of Ambitious China Moves
Warner Brothers Music is jumping ahead of the crowd with a series of recent actions in the world's most populous nation: It completed its acquisition of the Gold Typhoon Group, a huge Chinese entertainment company. -
SoundCloud Confirms Licensing Deal with Warner Music Group
After posting a $29 million loss in 2013, there was a real sense of urgency that something had to give at Swedish music streaming service SoundCloud to create a sustainable revenue stream that would not only pay artists and labels, but also get them out of the red. It appears it is on the road to do that after the announcement that it finally penned the back-and-forth deal with Warner Music Group.The deal marks the first of the three majors to sign with a licensing deal with SoundCloud, which has reportedly been close to signing with the three majors in the past. But after those deals fell through and the recent posting of its 2013 losses, things started to look grim for SoundCloud and its ability to monetize its massive user base.
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