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The Three Kings of the Music Industry Use Streaming to Stay in Power

Warner Music and other major labels are profiting from a medium they once tried to stop.


Back when records, tape cassettes, and compact discs were the most common ways to play music, major labels like Warner Music, Sony Music, and Universal Music were consistently bringing in more profit than the year before.

Keith Reid-Cleveland does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.