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Warner Music Revenue Jumps 7% On Streaming Subscription Growth
Warner Music Group released its Q2 earnings, with revenue up 7% due to strength in publishing and subscription streaming revenue in recorded music.
“This quarter, we saw massive hits from artists across different genres and all stages of development – exactly the kind of mix we want,” said WMG CEO Robert Kyncl on a call with investors. Kyncl said Warner’s growing global market share in music publishing was thanks to organic growth — like signing decorated British singer/songwriter Raye early in her career. A former YouTube executive and advocate for technology and music, Kyncl ended the call with a plug for “Where That Came From,” an AI-generated song by Grammy-award winning country star Randy Travis.
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