3 Music-Streaming Industry Takeaways From Warner Music Group's IPO Filing
Warner Music Group (WMG) is ready to make its public debut after putting it on hold as coronavirus rocked the stock market. Just like any music label, it's now heavily invested in music streaming and its partners like Spotify (NYSE: SPOT) and Apple (NASDAQ: AAPL). Over half of the industry's revenue now comes from streaming. As such, WMG shared a lot of details about its outlook for the music-streaming industry.
Unsurprisingly, the music label is optimistic about the industry's prospects. (It's trying to sell shares of its company, after all.) "We believe consumer adoption of paid streaming services still has significant potential for growth," WMG wrote in its S-1 filing with the SEC.
Here are three big reasons WMG sees streaming revenue continuing to climb.
Source Fool.com
