MORE Indie Invaders / POSTED BY: KINGSOFAR

 wmg.gif

Warner Music claims a net loss of $17 million…….

Warner Music Group posted a wider third- quarter loss because of expenses tied to job cuts and a drop in compact disc sales. Revenue from recorded music fell 3.7 percent in the quarter as albums by Linkin Park and Michael Buble didn’t drive sales as much as new releases from Red Hot Chili Peppers, James Blunt and T.I. a year earlier. Increased sales of downloaded music and mobile-phone ringtones failed to make up for the decline in CDs.

The international recorded music decline was worse than we expected,” Tuna Amobi, an equity analyst at Standard & Poor’s in New York, said in an interview.

“The market expected a price from us we could not justify,” Bronfman said on a conference call today.

Digital revenue alone gained 29 percent to $119 million, accounting for 15 percent of total sales compared with 11 percent a year earlier.

Warner made deals during the quarter with companies including Joost.com and Snocap to put videos online and sell downloads. Warner also created a unit, Den of Thieves, to make original music programming to promote artists on TV and the Internet and on mobile devices. Warner also made a $110 million investment in Frontline Management, a talent agency run by Irving Azoff, in order to diversify its revenue. (Don Jeffrey; Bloomberg)

Twitter
Facebook
Newsletter
Recent Posts
  • LOVA Shines With Playful Confidence on “Leave It Beautiful”
  • Nate Amor Breathes New Life Into “Walking in Memphis” With Soulful, Heartfelt Grace
  • Winter Abel Unveils “Babel” — A Haunting Dive Into the Shadows of the Soul
  • Estella Dawn Channels Raw Emotion on Bold New Single “Reckless”
  • Bad Bunny’s Super Bowl Halftime Show: Culture Clash or Cultural Progress?
  • Haley Grace Debuts With Heartfelt Single “Kiss Me Before You Go”
  • Braylin Bursts Onto the Scene With Debut Pop Single “Achoo”
  • Abbie Anne Unveils Emotional New Ballad Ladder Called Life
  • Alyssa Caroline drops new single “Fire To Ash”
  • Lauren Presley Channels Early Avril Lavigne on New Single “Trade Secrets
  • Komanii – Last Days of Summer EP
  • Natalie Shay Drops Uptempo Pop Single “Do u relate?”
  • Estella Dawn Stands Tall in New Single “I Like It Rough”
  • Angela Chambers Unleashes The Key, A Haunting Journey Through Toxic Love and Freedom
  • Carson Cruz Releases New Single “Private Fool”
  • “There Is Hope” Marks the New Release from Sassy Grace
  • New Artist Feanah Rose Releases First Single “Don’t Leave Me”
  • stella. Drops the new single “Heimlich”
  • Winter Andrews Releases “All That Glitters” Ahead of Debut Album ’til the moon fades away
  • Selina Gin Releases New Single Oh My Heart
  • Shelita Releases New Single Fade Ahead of Upcoming Album
  • Nick Howe Releases New Single Airplane Mode
  • Estella Dawn Reinvents “Skinny Love” with Cinematic Dark Pop Magic
  • Sisters Unveil Haunting Debut “Sweetness of Things”
  • Malachi Mize Brings Hope and Healing with Debut Single “Until Next Time”
  • Alanna A. Love Releases Debut Single “Running Away”
  • Jaya Kellogg Drops Addictive Debut Single “Background Noise”
  • SolyMar: gen.wav & KHR!S João Blend Latin Soul and Electro Vibes in Debut Collab Album
  • ZØYA Returns with Mid-Tempo Anthem of Strength and Self-Worth
  • Estella Dawn Drops First Original of the Year with “Move Down Lover”
  • Follow

    Home

         

    About

         

    Contact

         

    Daily Readership

    Copyright 2025 Kings of A&R     Website Design by PaleBird