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Warner Music Group Corp. (WMG) Q2 2021 Earnings Call Transcript Motley Fool Transcribing © The Motley Fool Logo of jester cap with thought bubble.
Warner Music Group Corp. (NASDAQ: WMG)
Q2 2021 Earnings Call
Welcome to Warner Music Group s second-quarter earnings call for the period ended March 31, 2021. At the request of Warner Music Group, today s call is being recorded for replay purposes, and if you object, you may disconnect at any time. Now, I would like to turn today s call over to your host, Mr. Kareem Chin, head of investor relations.
You may begin.
Head of Investor Relations
Good morning, everyone. Welcome to Warner Music Group s fiscal second-quarter earnings conference call. Please note that our earnings press release, earnings snapshot, and the Form 10-Q we filed this afternoon will be available on our website. On today s call, we have our CEO, Steve Cooper; and our CFO, Eric Levin, who will take you through our results, and then we will
10 Best Streaming Stocks to Buy Now
The demand for the streaming industry continues to grow, given its ability to adapt to service repositories that are diverse enough to draw and maintain consumers. The COVID-19 further highlighted the success of the streaming industry, which experienced new patterns amidst the pandemic. According to consulting firm Deloitte, in an October 2020 survey, 76% of respondents mentioned they subscribe to at least one paying channel, up 21% from 2018. Consumers who pay for a premium online video channel have an average of five accounts, increasing from three before the pandemic.
The streaming industry has become a platform for consumer engagement both for content creation and connection of manufacturers to their consumers. An article published by the consulting firm Mckinsey mentioned that spending on streaming services increased at a compound annual rate (CAGR) of 33%. According to a study from Statista, Video Streaming (SVoD) is expected to generate re
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