Major Label Results Q1 2017 Full Stream Ahead
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2016 was the turnaround year for the global recorded music business. The prevailing sentiment among battle-scarred label executives was one of cautious optimism. The first quarter results for 2017 suggest they might be able to afford themselves a little less confidence and a little more optimism. Combined major revenues were billion, up from 2016. Streaming was the driving factor in 2016 and it was once again in 2017, registering billion, up year-on-year.
Companies and brands mentioned in this report: Apple, Sony Music, Spotify, Universal Music, Vivendi, Warner Music, Worldwide Independent Network