Analyst Blasts Warner Music, Recorded Music Prospects

Influential analyst Richard Greenfield remained bearish on the record industry this week, and reiterated a sell rating on Warner Music Group. Greenfield, a founder of Pali Research, noted that US-based second-quarter totals are mostly aligned with first-quarter results, a development that reaffirms projections of a far broader decline in recorded music sales.  That includes calls … Continue reading Analyst Blasts Warner Music, Recorded Music Prospects