Warner Music Group Corp. Reports First-Quarter 2008

Warner Music Group Corp. announced its first-quarter 2008 financial results for the period ended December 31, 2007. Total revenue of $989 million increased 7% from $928 million in the prior-year quarter, and grew 1% on a constant-currency basis. Digital revenue was $141 million, or 14% of total revenue, up 9% sequentially from $130 million in the fourth quarter of fiscal 2007 and up 41% from $100 million in the prior-year quarter. (PR, Financial Times)