WMG: A Net Loss of $41 Million Is an “Excellent Start to Our Fiscal Year”

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‘Tis the season for quarterly financial results…

Warner Music Group’s total revenue for the fourth quarter of 2014 was $829 million, up from $815 million for the same period in 2013. However the company had a net loss of $41 million, up from $36 million the previous year.

Recorded music revenue for the quarter was $714 million, up from $691 million. Music publishing revenue was $119 million, down from $128 million.

WMG CEO Stephen Cooper said:

Some strong new releases, as well as outstanding execution by our operators around the world during the holiday season, made for an excellent start to our fiscal year. Our extraordinary roster of songwriters and artists, combined with our first-class management team and our sustained investment in new opportunities, means that we are well-positioned to build on this success as the industry evolves.”

 

Nina Ulloa covers breaking news, tech, and more. Follow her on Twitter: @nine_u

5 Responses

  1. REmi Swierczek

    MAN in charge of digital activities has no time for me in his 2015 BUDGET!
    WHAT BUDGET?!
    Just busy licensing his goodwill to digital NERDS.
    He also refuses to connect me with Len Blavatnik, the owner.

    You contact Access Industries and they will refer you to the MAN giving away the business!
    …and the music circus keeps marching into all inclusive streaming SWAMP!

    Reply
    • todd

      why do you wanto to connect with len blavatnik if you can talk to they guy working with music?

      Reply
      • Remi Swierczek

        In most business just few folks understand where the money comes from.

        The digital guru I was referred to is very busy executing his 2015 “budget” he has no time to listen to any ideas able to leapfrog him effortlessly in to 2020! He is just BUSY giving away the goods to TUBES.

        Blavatnik owns the outfit and has brilliant hand for money.

        Reply

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