Bruno Mars’ monumental sales and Beyonce‘s publishing prowess have spelled glory for Warner Music who has seen its revenue rocket by 13% in the third quarter of this year.
Digital revenue accounted for 58% of the $770 million the company prised from the public’s pocket with help from Bruno Mars’ discography and releases by Clean Bandit, Ed Sheeran and Gorillaz.
On a publishing tip, the company’s lucrative arrangements with Beyonce and MNEK helped lift its digits by 11.9% with an operating income of $6 million!
CEO Steve Cooper was elated to release the following statement:
Our goal is to beat market trends.There are many metrics of success…and we’re delivering across the board, taking the necessary steps to (stay ahead of the industry) and being driven by our own strategy.