Revenue Up At WMG

Warner Music Group says quarterly revenue grew for the first time in fi ve quarters in the period ended Sept. 30 as sales of digital music and CDs increased.

CEO Stephen Cooper says the company is positioned to take advantge of the music industry’s “more stable recent trends.”

Japanese acts Kobukuro and Tatsuro Yamashita lifted sales, as did Green Day, Superfly, and Muse.

Warner Music said Dec. 13 that trevenue rose 2 percent to $731 million, the first increase since the April-June 2011 qaurter, when sales rose 5 percent.

the company’s loss shrank to $18 million from $103 million.

Warner Music was taken private by billionaire loen Blavatnik’s Access Industries for about $1.3 billion in July last year.  It still has publicly traded debt.