Warner Music Group Posts Q4 Loss

Warner Music Group Posts Q4 Loss

Warner Music Group Posts Q4 Loss
Warner Music Group
reported a fourth-quarter loss of $103 million, a wider deficit compared to a loss of $46 million during the year-ago-quarter. Revenue for the fourth quarter declined 6 percent to $707 million, while digital revenue increased 7 percent to $210 million, representing 29.7 percent of total revenue for the quarter. Music publishing revenue decreased 1 percent to $141 million, and digital publishing revenue decreased 6 percent to $17 million. (12/8)

Rolling Stone Names Adele The Best Of 2011
Rolling Stone has named Adele's 21 and "Rolling In The Deep" the best album and single of 2011, respectively. Jay-Z and Kanye West's Watch The Throne ranked No. 2 on the magazine's album list, followed by Paul Simon's So Beautiful Or So What, Fleet Foxes' Helplessness Blues, and Radiohead's The King Of Limbs. On the singles list, Jay-Z and West's "N****s In Paris" ranked No. 2, followed by Britney Spears' "'Til The World Ends," Foo Fighters' "These Days," and Paul Simon's "Rewrite." (12/8)

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