Latest in Money

Image credit:

Warner Music made more money from streaming than it did downloads

Share
Tweet
Share

Sponsored Links

So it seems that while streaming services don't offer much of a payout for artists, at least one label is apparently doing pretty well off of them. Warner Music Group announced today that for the first time ever it made more money off of streams than it did selling downloads. With income from Spotify and YouTube, the outfit raked in some 33 percent more money in its second quarter while digital music sales only increased by a paltry seven percent. The Deftones' label says that it'll keep working with streaming partners to keep this sort of thing happening and to "ensure artists and songwriters receive appropriate value for their work." Hopefully that means a re-appraisal of streaming royalties for the people who, you know, actually make the music that's being streamed.

[Image credit: Getty Images]

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share

Popular on Engadget

NVIDIA apologizes for RTX 3080 order chaos

NVIDIA apologizes for RTX 3080 order chaos

View
You’ll need more than $299 to truly enjoy next-gen gaming

You’ll need more than $299 to truly enjoy next-gen gaming

View
Facebook's Infinite Office is a virtual office space for the WFH crowd

Facebook's Infinite Office is a virtual office space for the WFH crowd

View
Apple iPad (2020) hands-on: A better kind of basic

Apple iPad (2020) hands-on: A better kind of basic

View
Confused about which console to buy? Just wait.

Confused about which console to buy? Just wait.

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr