Who says Spotify doesn’t pay? Warner Music Group is now one of the biggest beneficiaries of a streaming kaboom. It was a dump-off deal from a financially-strapped media conglomerate. In 2004, Time Warner dropped its failing music label for $2.4 billion. That was the start of an underwhelming decade for Warner Music Group that racked […]
The post In 2004, Warner Music Was Sold for $2.6 Billion. This Year, WMG’s Revenues Just Hit $2.7 Billion appeared first on Digital Music News.