Google officially lands deal with Warner Music Group

Google officially lands deal with Warner Music Group

Make no mistake — landing a deal for streaming with Warner Music Group is no easy chore. Search for ‘Red Hot Chili Peppers’ on programs like MOG, and you’ll probably be sorely disappointed in what results are returned. Tucked within Google’s Nexus blowout this morning was this nugget: the search giant has finally nailed down a deal with Warner, who will be “adding its full music catalog with new songs coming each day.” In other words, this completes the puzzle necessary for Google to confess that it’s “working with all of the major record labels globally,” with this particular deal paving the way for acts like Green Day, Madonna, Neil Young and RHCP to appear soon in the Play Store. Specifics on which artists are coming when remain elusive, but feel free to refresh like mad if you’re so inclined.

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Google officially lands deal with Warner Music Group originally appeared on Engadget on Mon, 29 Oct 2012 16:08:00 EDT. Please see our terms for use of feeds.

Permalink The New York Times  |  sourceOfficial Google Blog  | Email this | Comments

Warner Music Group says streaming services now account for 25 percent of digital revenue

We’ve been seeing plenty of evidence that streaming music services like Spotify, Pandora and Rdio are pulling in more folks than ever, and we now also have a good idea of how that growth is affecting the bottom lines of music labels. In its third quarter earnings report, Warner Music Group revealed that streaming services now account for a full 25 percent of the digital revenue for its recorded music group. As AllThingsD reports, that translates to 8 percent of Warner Music’s total revenue for the quarter, or about $54 million in all. What’s more, that growth in streaming appears to be a net plus for the company all around, as it’s apparently not cutting into traditional sales of digital music (at least, not yet), and is also bigger than the decrease in sales of physical media.

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Warner Music Group says streaming services now account for 25 percent of digital revenue originally appeared on Engadget on Thu, 09 Aug 2012 15:41:00 EDT. Please see our terms for use of feeds.

Permalink AllThingsD  |  sourceWarner Music Group  | Email this | Comments