Warner Music’s loss narrows on streaming revenue

Warner Music Group, the third-largest music company behind Vivendi SA’s Universal Music Group and Sony Corp.’s Sony Music Entertainment, reported streaming revenue surpassed download revenue for the first time during the March quarter last year. For the latest quarter, digital revenue climbed 21%, or roughly 23% on a constant-currency basis, reflecting the shift to streaming revenue. – Joshua Jamerson, MarketWatch http://ift.tt/2aP0CVv