Warner Music Digital Sales Skyrocket

Madonna_WMG.jpg

Could the tide finally be turning for the music industry? CNET News is reporting that Warner Music Group, the record label behind Green Day, Madonna, and Linkin Park, saw impressive gains in digital music sales, which include sales from online stores like the iTunes Store and Napster as well as over-the-air mobile services such as Sprint Music.

The label said that digital sales in the quarter ended September 30 grew 27 percent to $167 million, which is up from $131 million during the same time last year.

This comes two weeks after Universal Music reported gains of 33 percent in its digital sales, a result that prompted parent company Vivendi to say in a statement that this “more than offset lower physical sales.”

Related Stories
Mediabistro Course

Content Marketing 101

Content Marketing 101Almost 60% of businesses use some form of content marketing. Starting December 8, get hands-on content marketing training in our online boot camp! Through an interactive series of webcasts, content and marketing experts will teach you how to create, distribute, and measure the success of your brand's content! Sign-up before November 10 to get $50 OFF with early bird pricing. Register now!