Exploding: The Highs, Hits, Hype, Heroes, and Hustlers of the Warner Music Group
In Entertainment (Free subscription) | yesterday
Today one of the largest record companies Warner Music Group Corp, posted an unexpected loss in the fourth quarter as severance costs weighed on results despite a strong slate of music releases from artists including Jay-Z and Madonna. Warner Music shares slumped $1.11, to $5.95 in afternoon trading they even fell as low as $4.44 earlier [...]
SeekingAlpha.com (Free subscription) | yesterday
Warner Music Group Corp. ( WMG ) F4Q09 Earnings Call November 24, 2009 8:30 am ET Complete Story »
Daily Advance - Business (Free subscription) | yesterday
NEW YORK — Warner Music Group Corp., one of the nation's largest record companies, on Tuesday ...
GuruFocus Updates (Free subscription) | yesterday
By 10qk. Warner Music Group Corp. ( WMG ) filed Annual Report for the period ended 2009-09-30. Read more » »
Reuters (Free subscription) | yesterday
NEW YORK (Reuters) - Warner Music Group , the world's third largest music company, on Tuesday reported a quarterly loss due to higher interest expense and charges for job cuts.
Seattle Times (Free subscription) | yesterday
Warner Music Group Corp., one of the nation's largest record companies, on Tuesday posted a loss in the fourth quarter as severance costs weighed on results despite a strong slate of music releases from artists including Jay-Z and Madonna.
MediaMemo (Free subscription) | yesterday
Warner Music Group has mixed bag of results for Wall Street this morning: The music label posted revenues of $861 million, a bit higher than the $820 million analyst had expected. But even after factoring out one-time severance charges of $14 million, the company lost three cents a share, and the Street was assuming it would earn four or five cents a share. More shortly.
Market Watch (Free subscription) | yesterday
LONDON (MarketWatch) -- Warner Music Group said it swung to a fiscal fourth-quarter loss of $18 million, or 12 cents a share, while revenue rose 1% to $861 million. The quarter included 9 cents a share worth of severance costs. The company earned $6 million in the prior-year quarter. Analysts polled by FactSet had forecast a profit of 4 cents a share. Market Pulse Stories are Rapid-fire, short news...
Market Wire (Free subscription) | yesterday
NEW YORK, NY (MARKET WIRE) Warner Music Group Corp. (NYSE: WMG)
DealBook (Free subscription) | 23/11/2009
Score another court victory for Edgar Bronfman Jr., the Warner Music Group's chairman, in the $100 million lawsuit filed against him two years ago by former Simon & Schuster chief Richard Snyder. A New York Appeals Court on Monday upheld a previous court ruling dismissing the suit and ordered Mr. Snyder to pay court costs.
paidContent:UK (Free subscription) | yesterday
General music industry woes, along with $14 million in severance costs, pushed Warner Music Group ( NYSE: WMG ) to a net loss in Q3. In the meantime, revenues were barely up 1 percent to $861 million. Amid WMG’s general weakness in Q3, digital revenues continued to rise. The segment’s revenue was $184 million for a 10 percent gain year-over-year. Digital comprised 21 percent of total sales...
The Los Angeles Business (Free subscription) | yesterday
Warner Music Group Corp. said Tuesday that strong sales from Michael Buble, Jay-Z and Madonna could not make up for higher severance costs that led it to post a fourth-quarter loss. (WMG)
Paidcontent (Free subscription) | yesterday
Warner Music Group ( NYSE: WMG ) is lining up a new range of music video games partners, as it continues to voice displeasure at terms offered by publishers of smash-hit successes like Guitar Hero and Rock Band . “We’re negotiating with others, some of whom are larger than (the) others,” CEO Edgar Bronfman Jr said regarding games during WMG’s Q3 earnings call, explaining the...
New York Supreme Court Criminal Ter (Free subscription) | yesterday
If you are already an online subscriber to the LAW.COM service you should be able to click on any of the links below, sign in, and access the full text of all articles listed. A subscription to LAW.COM is needed for online access to this service. Court Dismisses Claims That Warner Music CEO Owed Former Simon & Schuster Exec for Role in Music Deal New York Law Journal Warner Music Group mogul Edgar...
kingblind (Free subscription) | yesterday
Digital Music News: Warner Music Group posted substantial quarterly and fiscal year losses Tuesday morning, thanks largely to recorded sales declines and restructuring costs. According to details shared ahead of the opening bell on Wall Street, losses at Warner Music (WMG) reached $18 million (12-cents per share) for the period ending September 30th, a reversal from a year-ago quarterly gain of $6...
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