Warner Music sees large growth digital music revenue
{{date|February 15, 2006}}
[[Image:Warner Music Group logo.jpg|frame|right|Warner Music Group logo. {{image|Warner Music Group}}]]

{{w|Warner Music Group|Warner Music Group}} first quarter earnings rose sharply mostly from growth in [[w:digital music|digital music]] sales offsetting falling {{w|compact disc|CD}} sales.  Warner Music sells digital music to several online services including Apple's {{w|iTunes|iTunes}} at wholesale.  The company's first-quarter revenue from digital music sales doubled to US$69 million, accounting for 7% of overall revenue.  [[Madonna|Madonna]], {{w|Green Day|Green Day}}, and {{w|James Blunt|James Blunt}} are signed to subsidiary labels of Warner.

Warner Music has undergone restructuring after being sold in 2004 by former parent company {{w|Time Warner|Time Warner}}.  Cutting costs, exploiting current assets, and digital music has been the company's focus since going public in May.

== Sources ==
*{{source|url=http://www.newratings.com/analyst_news/article_1205748.html
|title=Warner Music 1Q Net Up On Digital Ops; Co Is Subpoenaed
|author=Rob Curran
|pub=Dow Jones Newswires
|date=February 14, 2006
|brokenURL=true
|archiveurl = https://web.archive.org/web/20060223071046/http://www.newratings.com/analyst_news/article_1205748.html
|archivedescription = archived by web.archive.org on 2006-02-23
}}
*{{source|url=http://news.com.com/Digital+sales+help+Warner+Musics+profits+sing/2100-1027_3-6039289.html
|title=Digital sales help Warner Music's profits sing
|author= Reuters
|pub= CNET
|date=February 14, 2006
|brokenURL=true
|archiveurl = https://archive.is/FIgKk
|archivedescription = archived by archive.today on 2013-06-28 22:38:40 UTC
}}

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[[Category:Economy and business]]
[[Category:Culture and entertainment]]
[[Category:Music]]
[[Category:Computing]]
[[Category:United_States]]
[[Category:North_America]]
[[Category:Madonna]]
[[Category:Apple Inc.]]
Warner Music Group logo. 

Warner Music Group first quarter earnings rose sharply mostly from growth in digital music sales offsetting falling CD sales.  Warner Music sells digital music to several online services including Apple's iTunes at wholesale.  The company's first-quarter revenue from digital music sales doubled to US$69 million, accounting for 7% of overall revenue.  Madonna, Green Day, and James Blunt are signed to subsidiary labels of Warner.

Warner Music has undergone restructuring after being sold in 2004 by former parent company Time Warner.  Cutting costs, exploiting current assets, and digital music has been the company's focus since going public in May.
Economy and business Culture and entertainment Music Computing United_States North_America Madonna Apple Inc.