Both Believe and Warner Music Group issue full-year financial information to public investors.
This enabled MBW to run a side-by-side of each company’s revenues broken down by international territory.
Below you can see a representation of this data.
Note: Believe’s FY runs calendar year; Warner Music Group’s FY runs to the end of September.
Source: Believe and Warner Music Group filings; MBW analysisMusic Business Worldwide