Warner Music revealed a massive increase in its digital music sales in the last year.
The company reported digital revenues of $69 million for the first quarter of its financial year, up from $25 million in the same quarter last year. The company revealed that digital sales accounted for 7 per cent of its revenue.
Warner Music chairman Edgar Bronfman said: "Our intense focus on and investment in the digital music business yielded dramatic growth in digital revenue, which was a major contributor to gains in total worldwide recorded music performance on a constant-currency basis."
At the group level, Warner reported profits of $69 million, up from $36 million a year ago.