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Introduction

WMG has reported earnings details for the first quarter of 2015, the second in its 2015 financial year. Total revenue grew year-on-year at both current and constant exchange rates.

Highlights

  • The company’s recorded music sector had a good three months with earnings from physical formats outshining digital music income. CD albums by Kid Rock and Led Zeppelin led the physical format improvement.

Features and Benefits

  • Research note details the latest financial results from the world's third largest music company
  • The research note assesses the difference in the performance of WMG's recorded music and music publishing sectors

Key questions answered

  • What was behind the strong performance of WMG in revenue terms in the first three months of 2015?
  • Why did CD album sales rise faster than digital sales for WMG in the first three months of 2015?

Table of contents

Ovum view

  • Summary
  • WMG earnings benefit from CD sales growth
  • Recorded music results
  • Music publishing results

Appendix

  • Author

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