Because the three majors report only their overall recorded-music revenue, there is much speculation about what their owned labels earn individually. In an effort to shed light on the subject, Billboard has estimated their 2018 U.S. revenue.
Warner Music Exec: ‘The Business of Physical Music Is Quite Strong. We Have No Intention of Walking Away from This Business’
Vinyl records are still growing fast, and CDs may not be tanking as badly as we think. Warner Music Group is committed to all of it.