(In an effort to keep you fully informed, and fully entertained, below we present today's FYI and TMI — news you need and news that's, well, sometimes needless….)
WMG Reports 1Q Earnings
Warner Music Group reported a first-quarter net loss of $80 million, a wider deficit compared to a loss of $26 million during the year-ago quarter. Revenue for its fiscal first quarter declined 1 percent to $769 million, while digital revenue increased 16 percent to $255 million, representing 33.2 percent of total revenue for the quarter. Music publishing revenue decreased 4.1 percent to $116 million, and digital publishing revenue increased 27 percent to $19 million.
The NRA Hit List: Beyoncé, Bon Jovi And Britney Spears
Jon Bon Jovi may be a cowboy on a steel horse, but it appears he's wanted dead or alive by the National Rifle Association. The NRA has released its list of "enemies" and Bon Jovi is on it, along with artists such as Beyoncé, Boyz II Men, Chaka Khan, Britney Spears, and Shania Twain, among others. The list, originally drawn up in 2012, cites approximately 500 names of "anti-gun individuals." We think they should change the name of the list to "Individuals Who Give Guns A Bad Name."