iTunes Chart-Toppers (a/o May 22nd):
This morning, Warner Music Group posted net losses of $103 million during the recent quarter, and $205 million on the year. Unfortunately, that's nothing new for this major.
@stupidchewbacca Thursday, December 08, 2011
jasonmichaelmacisaac
Warner Music Group has lost over $10 billion in 10 years!
@FMarchandVS Thursday, December 08, 2011
Francois Marchand
Wow.
Maxwellian Thursday, December 08, 2011
But what does Jeff Price think of this?
@aKiDnamedHENNY Thursday, December 08, 2011
Good God...
Me Thursday, December 08, 2011
Is this including Warner/Chappell? Or is it just the label side of things?
paul Thursday, December 08, 2011
Yes, it does. These are consolidated financial statements from the umbrella group, WMG.
/paul
Tony Gottlieb Friday, December 09, 2011
Anyone care to conjecture about how much of that was a result of executive Golden Parachutes?
@marcdazzo Friday, December 09, 2011
How is this possible?
@Charly_SDDD Friday, December 09, 2011
Ouch, ça fait mal...
@pickaxebobby Friday, December 09, 2011
Seriously, how the fuck is this possible?
Not many companies can weather a net $10b loss over a decade.
What makes them think they can turn that trend around now? Especially given WMG's backward-thinking dino mentality. The definition of insanity...
Visitor Friday, December 09, 2011
Yeah, a company with less than a billion a year in revenue that losses over $10 billion in a decade. Sounds awesome huh?
Matt Shamus Friday, December 09, 2011
How do they stay in business? This is a serious question, I'd love to know..
Me Friday, December 09, 2011
I don't know. The label has been sold twice during that period.
@Kahmil Friday, December 09, 2011
WOW!!! Yikes!!
@petterjaam Friday, December 09, 2011
Really!!!!!
@ogrover Friday, December 09, 2011
ogrover
Wow. This says it all.
@MelodyVonRock Friday, December 09, 2011
Melody von Rock
does it include intangibles?
Krumbaland Saturday, December 10, 2011
They can make the turnaround - if they would sign my Songs :-)
UberdanSounds Saturday, December 10, 2011
Ha! I believe it's a lot less because of the way they cook the bo*** ahem! Calculate, the books.
http://youtube.com/UberdanSounds
Visitor Saturday, December 10, 2011
I wonder what happened in 2006 to help them be in t green that year? Please do tell!
@snoopdobb Saturday, December 10, 2011
EsEnDblOhPiDiOhDblB
I guess this is bad, but I'm smiling!
@Navigatepartner Saturday, December 10, 2011
Peggy Dold
OUCH!
@MrGobert Saturday, December 10, 2011
J. Gobert
How does Warner Music stay in business losing over $10 Billion in the past 10 years? What company can survive that?
@brianleewhite Saturday, December 10, 2011
I know separating those green M&Ms cost money, but damn.
Me Sunday, December 11, 2011
They took in the surplus that year from going public. I left the company not long after. Golden parachutes exist in the music industry and there is a REASON Bronfman is leaving this company:not profitable anymore.
@SuperstarGuess Sunday, December 11, 2011
SuperStarGuess
No money in the music?? Labels r losing big time!
@AngelNavas85 Thursday, December 15, 2011
Angel Navas
Miren lo que han perdido!
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