Warner Music Group, the label that represents such acts as REM and Green Day, is the second major recording company to report healthy growth in digital sales during the past quarter.
On Tuesday, Warner reported that digital sales in the quarter ended September 30 grew 27 percent to $167 million, up from $131 million during the same period last year.
Warner also beat Wall Street expectations by reporting earnings of $6 million or 4 cents per share on revenue of $854 million. Analysts had expected to a loss of 2 cents per share on $837 million in revenue.
Two weeks … Read more