In 2019, Warner Music Group reported that 14 percent of its total revenues were attributed to its licensing agreements with Spotify, a figure consistent with the previous year. Meanwhile, despite Apple having been a customer of WMG since 2017, Warner Music's share of revenue represented by Apple dropped to 13 percent in 2019, down by two percent from the preceding fiscal year.
Share of Warner Music Group's total revenue represented by Apple and Spotify in fiscal years 2017 to 2019
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Warner Music Group. (February 6, 2020). Share of Warner Music Group's total revenue represented by Apple and Spotify in fiscal years 2017 to 2019 [Graph]. In Statista. Retrieved June 02, 2020, from https://www.statista.com/statistics/1096717/warner-music-group-revenue-apple-spotify-share/
Warner Music Group. "Share of Warner Music Group's total revenue represented by Apple and Spotify in fiscal years 2017 to 2019." Chart. February 6, 2020. Statista. Accessed June 02, 2020. https://www.statista.com/statistics/1096717/warner-music-group-revenue-apple-spotify-share/
Warner Music Group. (2020). Share of Warner Music Group's total revenue represented by Apple and Spotify in fiscal years 2017 to 2019. Statista. Statista Inc.. Accessed: June 02, 2020. https://www.statista.com/statistics/1096717/warner-music-group-revenue-apple-spotify-share/
Warner Music Group. "Share of Warner Music Group's Total Revenue Represented by Apple and Spotify in Fiscal Years 2017 to 2019." Statista, Statista Inc., 6 Feb 2020, https://www.statista.com/statistics/1096717/warner-music-group-revenue-apple-spotify-share/
Warner Music Group, Share of Warner Music Group's total revenue represented by Apple and Spotify in fiscal years 2017 to 2019 Statista, https://www.statista.com/statistics/1096717/warner-music-group-revenue-apple-spotify-share/ (last visited June 02, 2020)
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