Warner generating $270 million from TikTok, Peloton and Facebook annually

Warner Music Group boss Steve Cooper revealed a stunning stat about this second, less talked-about area of the business – a stat that, according to MBW’s calculations, suggests this is a sector already worth a billion dollars in annual revenue for the global music rights industry. Cooper confirmed that Warner Music Group’s recorded music operation has a present run-rate of $235 million per year in revenue from Facebook, TikTok, Peloton and Roblox.