Even though we don’t need more proof that music streaming is the wave of the future, recent comments made by Warner Music Group CEO Stephen Cooper really underscore just how fast the transition from digital downloads to music streaming is happening.
During an earnings conference call on Monday, Cooper said that Warner Music, the third largest recording company on the planet, generated more money from streaming than they did from digital downloads. That’s no small feat, and as Re/Code notes, this “is the first time a big music label has hit that milestone.”
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