Warner Music now generating over $270m from ‘alternative’ platforms annually

Speaking during an interview at the Goldman Sachs‘ Communacopia event this afternoon, Cooper confirmed that Warner Music Group’s recorded music operation has a present run-rate of $235 million per year in revenue from “alternative offerings that create new use cases for music”.

Source: Welcome to the new record business: Warner Music Group is now generating over $270m from TikTok, Peloton, Facebook and other ‘alternative’ platforms annually