Warner Music Group generated nearly $1bn from streaming last quarter

WMG says that the quarter included an additional week, primarily reflected in its recorded music streaming revenue. Additionally, according to WMG, the quarter included the impact of a new deal with an unnamed digital partner, which it says, impacted its Recorded Music streaming revenue. Adjusted for the benefit of the additional week and the impact of the new deal with WMG’s unnamed digital partner, Recorded Music revenue was up 15.9% (or 17.4% in constant currency).

Source: Warner Music Group generated nearly $1bn from streaming last quarter