Streaming drives 81% profits jump at Warner Music Ireland

Ed Sheeran performs in concert on the opening night of his Australian tour at Optus Stadium on March 2, 2018 in Perth, Australia. (Photo by Paul Kane/Getty Images)

Pre-tax profits at the Irish arm of music giant, Warner Music last year increased by 81 per cent to €990,956.

The US owned Warner Music Ireland Ltd enjoyed the surge in profits as the company benefited from the growing popularity of music streaming.