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

    5 days ago - By Billboard

    S&P Global upgraded Warner Music Group's credit rating on Tuesday , 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-largest markets in the world - have been dominated by physical product but are moving to digital. Streaming services have an ability to tap...
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