Streaming generated $1.3bn for major music labels in Q2 2017
Posted on: 1 septembre 2017, by : Stuart Dredge

The three major labels – Universal Music, Sony Music and Warner Music – saw their collective recorded-music revenue from streaming grow to just under $1.3bn in the second quarter of 2017.
That represents 38.5% growth year-on-year, with the three label groups now collectively making $14.2m a day from streaming.
This is according to Music Ally’s analysis of the three majors’ financial results for that period, with Universal Music’s parent company Vivendi having published its financials yesterday, shortly after the latest quarterly figures from Sony and Warner.
The post Streaming generated $1.3bn for major music labels in Q2 2017 appeared first on Music Ally.
Source: Music ally

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