Friday, May 09, 2008 7:28 americium PDT

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Warner Music Group this hebdomad confirmed rising digital sales, though still returned a loss for the quarter.

The label's quarterly gross climbed 2 per cent to $800 million, returning losings of $34 million on the quarter. While continuing to shed blood profits, the company did denote its music concern declined by under 1 per cent, but the chief strength of its narrative put in its digital sales.

Digital grosses climbed 47.6 per cent to $155 million, representing 23.8 per cent of entire music revenues. Digital growth accelerated from last quarter, when it climbed 41 per cent.

Speaking to analysts after the event, company chief executive officer Edgar Bronfman mentioned strong gross gross sales through iTunes, but focused on Amazon MP3, MySpace Music and the growing powerfulness of societal webs as representing strong hereafter chances for music sales.