Warner Music Group

Warner Music posted another loss. I’m sorry, I know this is not very original. A record company has gone another quarter at a loss. If you scroll down and read the blog about Live Nation, you will read about someone out there making money. Here are some of Warner’s loss highlights:

• Warner Music lost $9 million last quarter (ending June 30)
• Digital sales were up 39% to $166 million (20% of total revenues)
• But the digital sales increase did not make up for the loss of physical sales
• The $9 million loss is actually better than the $17 million loss over the same period last year.
• Over the last 9 months, Warner Music has lost $62 million, compared to a loss of $26 million over the same period last year.

Pretty depressing numbers. Apparently, somewhere along the line, revenues are supposed to be higher than losses.

Stay tuned,
Erik
erikrostad.com