As streaming subscription costs continue climbing and content fragments across platforms, illicit streaming devices are experiencing a dramatic resurgence. This underground market threatens billions in revenue while exposing fundamental flaws in the industry's business model.
Warner Music Group reported fiscal Q1 revenue of $1.648 billion, up 2% year-over-year, driven by 7% streaming growth in recorded music and strong publishing gains. CEO Robert Kyncl emphasized AI strategy, emerging markets, and artist development as key priorities.
|
