Warner Music Gets Upgrade From S&P on Strength of Streaming

S&P Global upgraded Warner Music Group’s credit rating on Tuesday (July 20), citing a surging streaming music business and acquisitions of music rights that provide an immediate boost to revenue.
S&P’s report contains many of the common themes about today’s music business cited by analysts: streaming accounts for a growing majority of company revenues and offers better margins than CDs and downloads. Countries such as Japan and Germany — the second- and fourth-lar