Who says Spotify doesn’t pay?  Warner Music Group is now one of the biggest beneficiaries of a streaming kaboom. It was a dump-off deal from a financially-strapped media conglomerate.  In 2004, Time Warner dropped its failing music label for $2.4 billion.  That was the start of an underwhelming decade for Warner Music Group that featured […]

The post In 2004, Warner Music Was Sold for $2.6 Billion. This Fiscal Year Alone, WMG’s Revenues Have Already Hit $2.7 Billion appeared first on Digital Music News.

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