We can’t speak for murky accounting, but this is the line-by-line breakdown presented by Warner Music Group on Thursday, specifically for the calendar fourth quarter of 2011.
These are worldwide figures, with total quartely revenues remaining largely level at $779 million.
Within that top-line figure, physical formats dropped 23 percent, digital formats gained 27 percent, and publishing improved by 3 percent. Perhaps most importantly, net losses widened 44 percent to -$26 million.
And, for a deeper dive, here’s the full earings report from WMG.
we demand a breakout of digital!
Totally agree. I imagine it’s something like iTunes 27% and Spotify 1%.
In the call CEO Stephen Cooper noted that downloads are still a lion’s share, though streaming is gaining. I’m not sure of the exact ratio or if it was mentioned, I can check into this (or someone chime in).
Also, the Wall Street Journal/AllThingsD and paidContent seemed to have incorrectly broken out downloading vs. streaming in earlier articles; I think they thought publishing-specific digital revenues were somehow on-demand streaming.
/paul
wonder what they are profiting on Tix and Merch from those awesome 360 deals
Interesting numbers…
Look at the industry leading digital share.