iPodNN | Digital sales drive Warner Music profit

i.e. Bronfman Jr. sucks it. For all the complaining that Warner Music CEO Edgar Bronfman Jr. did it seems that digital downloads (internet and ringtones) brought the company THREE times the revenue of what they made a year ago. Most likely he would credit it to the profitability of ringtones, but of course considering that Warner music has no distribution costs selling iTunes songs, basically iTunes sales are pure profit. Here is what the CFO had to say, "Our digital revenue was up dramatically year-on-year, especially after MP3 players went live on December 25th," Chief Financial Officer Michael Fleischer said before the company released results. "The naysayers of digital music on the Street have been proven wrong." So it would seem that iTunes fixed price songs will be around for a little while longer.