The New Digital Platform Is Now 19% of Total Revenues for MajorLabel

The Warner Music Group now generates 19% of its total revenues from digital music, and reported $171 million in digital revenue for its fiscal quarter ended Dec. 31 -- a 20% increase from the same period a year ago.

In the U.S., digital generated $99 million during the quarter, accounting for an even larger 31.4% of total recorded music income.

Overall, the company reported a net profit of $23 million for the quarter, compared with a net loss of $16 million a year ago, while revenue was off 11.2% to $878 million.

"Though facing difficult economic conditions and tough prior-year comparisons, we executed on our strategy and remain confident in achieving our long-term goals," said Edgar Bronfman, Jr., Warner Music Group's chairman and CEO.

"We continue to develop new music business solutions and maintain our digital leadership position, while managing costs, gaining share and delivering strong returns on A&R investments.",As we proceed into this new era and except these new concepts of the digital downloads of recorded music and multimedia files etc,hopfully
more new unsigned artist will get a better chance at promoting and saleing their music.

The Concepts of Digital Record Labels

Do you need a record deal? With everyone talking about how much the music industry is "changing" these days, many musicians wonder if they really need to worry about demos and labels any more, or if all of that traditional music business stuff is just so passe. In fact, you've probably heard a lot of people tell you that you definitely DON'T need a label - that labels are only taking a cut of your earnings for something that you could be doing by yourself anyway. The truth really isn't quite that easy.

First - yes, you CAN release your record yourself. There are more avenues than ever before for indie music in general, and that means musicians have a better shot at success with a self release now. But make no mistake about it - there's nothing especially revolutionary in the model of self releasing your record. You're not "skipping" the record label - you're really starting a record label. If you're serious about selling your music and trying to make a living, then you are going to have to do everything a record label would do - both in terms of work and finances. The better question is whether you NEED a label - really, you don't - but whether or not you are ready, willing and able to do everything involved in running your own label.And as we proceed towards an awareness of what it really means to socially network and create a buzz following by just applying ourselfs the closer we all will learn that this self empowerment time period is very important to advancing our passions and careers to DA-NEXT-LEVEL!