BUNNY BUSINESS: Warner Music reported a net loss of $46 million for the company's fiscal fourth quarter, ending Sept. 30, compared to a loss of $18 million a year earlier. Revenue was down 13% to $752 million, from $867 million during Q4 ’09. None of these stats is surprising given the dearth of major releases this year. What’s more troubling is the flattening of digital sales growth: WMG reported digital revenue of $197 million, just a 7.1% increase from the same period in 2009. Digital now accounts for a quarter of the company's entire business. Since this morning's call, WMG shares have dropped nearly 11% to $5.22, with five hours of trading still to go. (11/17a)
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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