BigChampagne's Ultimate Chart (a/o February 10th):
1. “What Doesn't Kill You (Stronger),” Kelly Clarkson
2. “Set Fire to the Rain,” Adele
3. “Turn Me On,” David Guetta
4. “Rack City,” TYGA
5. “Good Feeling,” Flo Rida
6. “Smooth Criminal (Glee Cast Version),” Glee Cast
7. “Young, Wild & Free,” Snoop Dogg & Wiz Khalifa
8. “Domino ,” Jessie J
9. “Sexy and I Know It,” LMFAO
10. “Ass Back Home ,” Gym Class Heroes
We erred on a recent, breaking article related to a lowered earnings forecast on Warner Music Group by Goldman Sachs on Thursday. The dialed-down estimate is $738 million in revenues (13 percent year-over-year), not EBITDA, as originally noted. The reduced EBITDA figure is $98 million, down 15 percent year-over-year.
Second-quarter album sales declines were 11 percent, as described in the article. But the first quarter featured a decline of 7 percent, showing an accelerated downturn.
Thanks Goldman for the clarification.
Comments Closed
OUR SPONSORS
© 2011 All Rights Reserved
Follow Us