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February 14, 2006
Reintermediation
According to MSNBC, Warner Music experienced a large relative uptick in digital music sales this past quarter.
Warner Music, which went public last May, said digital revenues surged by 176 per cent to $69m in the first quarter, from the $25m achieved the previous year and up 30 per cent from the previous quarter. Digital sales now account for 7 per cent of overall revenue, the company said.
To what extent does that offset the money the majors claim to have lost by being disintermediated from the physical music media markets?
Posted by Mark at February 14, 2006 08:38 PM
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