WMG Reports Loss In 1Q

WMG Reports Loss In 1Q
Warner Music Group reported a first-quarter loss of $36 million, a slightly smaller deficit compared to a loss of $38 million during the year-ago quarter. Revenue for the first quarter declined 8 percent to $628 million, while digital revenue increased 7 percent to $235 million, representing 37.4 percent of total revenue for the quarter. Music publishing revenue decreased 7 percent to $128 million, and digital publishing revenue decreased 18 percent. (5/15)  

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