Warner/Chappell a bright spot

A BUNNY BRIGHT SPOT: Has Warner/Chappell turned the corner and once again become a force to be reckoned with? The pubco’s performance was a point of emphasis on the part of Stephen Cooper during the WMG earnings call last week, and for good reason, considering the ongoing slump on the record side. Highlights for WCM during the most recent quarter included sharing 2012 ASCAP Pop Publisher of the Year honors with EMP; signing new deals/extensions with Bruno Mars, Van Halen, Paramore’s Hayley Williams and Michael Buble; and landing breakthrough band Fun. Operating income was up 16% to $36 million, while OIBDA was up 8% to $54 million—solid stats given the value of publishing these days. (5/21a)

BACK TO RUMOR MILL

		UMG AND TIKTOK WORK IT OUT The kerfuffle is in the past. (5/2a) Check It Out Now LUCIAN SOUNDS OFF ON UMG/TIKTOK DEAL A breakdown from the boss (5/2a) Check It Out Now JAMES KING: THE HITS INTERVIEW (PART ONE) London calling (5/2a) Check It Out Now TOP 20: IT’S STILL TAYLOR’S WORLD Large and in charge (5/2a) Check It Out Now THE MUSIC OF CLIVE COMES ALIVE AT CARNEGIE HALL That's what friends are for. (5/1a) Check It Out Now
		THE NEW UMG Gosh, we hope there are more press releases. TIKTOK BANNED! Unless the Senate manages to make this whole thing go away, that is. THE NEW HUGE COUNTRY ACT No, not that one. TRUMP'S CAMPAIGN PLAYLIST Now 100% unlicensed!

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Warner/Chappell a bright spot

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