Steve Cooper: Warner Music is becoming less financially dependent on superstar artists 

Speaking at Communacopia on Monday, Cooper suggested that Warner Music Group is investing an “enormous amount of A&R resources” across a bigger number of artists than it once did – including superstars and non-superstars. This, he said, constitutes a “portfolio” strategy that on average results in “mid to high teen [percentage] returns” for WMG.

Source: Steve Cooper: Warner Music is becoming less financially dependent on superstar artists – and wants to see ‘regular’ streaming price rises