{"id":1979,"date":"2012-08-10T00:00:00","date_gmt":"2012-08-10T00:00:00","guid":{"rendered":"http:\/\/skylight.gr\/administrator_wordpress\/index.php\/2012\/08\/10\/warner-music-group-reports-mixed-quarterly-financials\/"},"modified":"2012-08-10T00:00:00","modified_gmt":"2012-08-10T00:00:00","slug":"warner-music-group-reports-mixed-quarterly-financials","status":"publish","type":"post","link":"https:\/\/skylight.gr\/index.php\/2012\/08\/10\/warner-music-group-reports-mixed-quarterly-financials\/","title":{"rendered":"Warner Music Group Reports Mixed Quarterly Financials"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\" size-full wp-image-1051\" src=\"http:\/\/skylight.gr\/administrator_wordpress\/wp-content\/uploads\/2011\/10\/warnermusicgroup.bmp\" border=\"0\" width=\"160\" height=\"110\" \/><br \/>The music major, owned by Len Blavatnik, posted lower revenue, but its loss narrowed, and digital revenue in the recorded music unit offset physical declines.  <!--more-->  <br \/>Len Blavatnik-owned Warner Music Group on Thursday reported mixed quarterly financials.\u00a0\u00a0 <\/p>\n<p>The music giant posted a loss of $32 million for its fiscal third quarter, compared with a loss of $46 million in the year-ago period.<\/p>\n<p>But revenue declined 5 percent to $654 million amid unfavorable foreign currency impacts. Assuming constant currencies, revenue was down only 1.2 percent.<\/p>\n<p>Recorded music revenue dropped 5 percent as music publishing declined 4 percent. Major recorded music sellers included Linkin Park, Jason Mraz and Germany&#8217;s Die Toten Hosen.<\/p>\n<p>WMG said its digital revenue rose 13 percent, or 16 percent assuming constant currencies, to $230 million. It said digital amounted to 41.5 percent of total recorded music revenue in the quarter.<\/p>\n<p>&#8220;There were several bright spots in our results for the quarter,&#8221; said WMG CEO Stephen Cooper. &#8220;In our recorded music business, strong growth in digital revenue more than offset the decline in physical revenue on a constant-currency basis, showing the promise of the industry&#8217;s transformation.&#8221;<\/p>\n<p>Source: Billboard<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The music major, owned by Len Blavatnik, posted lower revenue, but its loss narrowed, and&#8230;<\/p>\n","protected":false},"author":1,"featured_media":1051,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[23],"tags":[],"class_list":["post-1979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-music-news"],"_links":{"self":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts\/1979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/comments?post=1979"}],"version-history":[{"count":0,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/posts\/1979\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/media\/1051"}],"wp:attachment":[{"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/media?parent=1979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/categories?post=1979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skylight.gr\/index.php\/wp-json\/wp\/v2\/tags?post=1979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}