Warner Music Group Revenues Up For Second Quarter, Led By Music Publishing
WARNER MUSIC GROUP second quarter revenue grew 6.9% (12.1% in constant currency) to $1.432 billion as the company cited the unfavorable impact of foreign currency exchange rates against the stronger U.S. dollar for limiting growth. Recorded Music division revenues increased 3% to $1.189 billion, while the Music Publishing division jumped 29.6% (34.6% in constant currency) to $245 million and digital revenue rose 1.7% to $944 million. Streaming revenue, boosted by a favorable COPYRIGHT BOARD ...