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Introduction

WMG has reported details for the final quarter of FY15 and the full fiscal year ending September. Revenue was down year-on-year in the three- and 12-month periods at current exchange rates, but up at constant rates.

Highlights

  • Streaming gains played a big part in the company’s performance with a big rise reported in both periods. Moreover, earnings from streaming overtook income from downloads for the first time on an annual basis.

Features and Benefits

  • The research note details the annual financial results for the world's third biggest recorded music and music publishing companies.
  • The research note illustrates how the rise in digital is affecting the earnings of the record company and music publishing company.

Key questions answered

  • What share of earnings for WMG were generated by digital sources?
  • What is the biggest share of income for Warner Chappell?

Table of contents

Ovum view

  • Summary
  • Streaming takes the digital lead for WMG
  • Recorded music results
  • Music publishing results

Appendix

  • Author

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