5 Things Warner Music Group’s Earnings Say About the Industry’s Future

Warner Music Group’s quarterly earnings report boasted some solid numbers on Tuesday — including a 32.7% revenue gain compared to the year prior, and a 49.2% improvement in adjusted OIBDA (operating income before depreciation and amortization) — but it’s what CEO Stephen Cooper and CFO Eric Levin said in the earnings call that should have the music industry paying attention.
As the industry’s only major publicly traded pure-play music company (although Universal Mus