Driven by the rising popularity of download and streaming, Warner Music experienced a growth of 36,4% in digital revenue by the end of 2011. The total turnover generated by digital services was $205 million. Interestingly, streaming services accounted for a turnover of $15 million. Streaming music services like Spotify may well be among the main contributors to the digital revenue growth of WMG.
Yesterday Sweden’s Supreme Court announced its decision not to grant leave to appeal in the long-running Pirate Bay criminal trial. This means that the previously determined jail sentences and fines handed out to Peter Sunde, Fredrik Neij, Gottfrid Svartholm and Carl Lundström will stand. They were ordered to pay increased damages amounting to millions of dollars. Hoping to overturn the ruling, the three filed for a hearing of their case at the Supreme Court. Yesterday this request was denied (IDG Pirate Bay announcement), meaning that the sentences as determined by the Court of Appeal are now final. Peter Sunde now awaits 8 months in prison, Fredrik Neij faces 10 months and Carl Lundström has the lightest sentence of 4 months. All will have to pay their share of a combined 46 million kronor ($6.8 million) in damages.