Skylight Webzine
WMG Offers Mixed Financial Report, Digital Sales Up PDF Print E-mail
Written by Administrator   
Monday, 10 May 2010 08:51

 
In a report to investors this morning, Warner Music Group showed a loss for the quarter ending March 31st of $25 million or 17 cents a share. That's down significantly from the $68 million or 45 cents a share loss in the same quarter last year. Overall revenue fell 1.3% to $662 million with rising digital sales contributing to WMG's improving numbers. Other highlights:

Read more...
 
Sony Says They May Bid For EMI PDF Print E-mail
Written by Administrator   
Monday, 10 May 2010 08:47


"We are in a position that allows us to seize every opportunity in the market - including EMI," the head of Sony Music, Rolf Schmidt-Holz, told German Sunday paper Frankfurter Allgemeine Sonntagszeitung.

On Thursday Warner Music Chief Executive Edgar Bronfman declined to comment during an earnings call about speculation that he was also eyeing EMI

Source: Hyperbot

 
Guy Hands Has Just 10 Days To Save EMI PDF Print E-mail
Written by Administrator   
Wednesday, 05 May 2010 08:44

Guy Hands has just 10 days left to convince investors to add fresh funds to save EMI from the hands of the bankers at Citi. Because of the looming deadline, the Terra Firma boss has reportedly slashed his fundraising goal to just the £105 million needed to make one overdue loan payment and stop foreclosure for the next 10 to 12 months. Hands had originally been asking investors for £360 million.

Read more...
 
Warner Music Group sees digital grow 15% PDF Print E-mail
Written by Administrator   
Thursday, 06 May 2010 19:40

Warner has reported second quarter figures that show digital revenue grew 15% to just under $200m for the period ending March 31 2010.

The move means digital revenue is now just under one third of total revenue, but that slipped slightly – by 1% - to $662m ($671m in the comparative previous year quarter).

Read more...
 
UK Recorded Music Sales Revenue Stabilise In 2009 PDF Print E-mail
Written by Administrator   
Monday, 03 May 2010 19:58

A strong fourth quarter and increased digital income streams offset the reduced sales of physical formats as the UK recorded music market reported a modest 1.4% annual increase in total trade income for 2009 of £928.8m, BPI's annual survey of industry income revealed today.

Read more...
 
<< Start < Prev 1041 1042 1043 1044 1045 1046 1047 Next > End >>

Page 1045 of 1047
Banner

Suggested by SKYLIGHT

Banner
Banner
Banner
Banner
Banner

Radio Promotion

Banner