Warner Reports Q4 Loss

Warner Reports Q4 Loss
Warner Music Group
reported a fourth-quarter net loss of $46 million, a wider deficit compared to a loss of $18 million during the year-ago quarter, and a 13 percent drop in revenue to $752 million. Recorded music revenue declined 13 percent to $619 million, while digital revenue grew 7 percent to $197 million. Music publishing revenue decreased 13 percent to $142 million, while digital publishing revenue grew 12.5 percent. (11/17)

GRAMMY Winners Added To Peace Prize Concert Lineup
GRAMMY-winning artists Jamiroquai and Barry Manilow and GRAMMY-winning composer A.R. Rahman have been added to the lineup of artists scheduled to play the 17th annual Nobel Peace Prize Concert in Oslo, Norway, on Dec. 11. Previously announced performers include Colbie Caillat, Elvis Costello, Florence + The Machine, and Herbie Hancock. (11/17)

Email Newsletter