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Earnings
WMG Loves Spotify And Sees Music Riding The Cloud To Digital Tipping Point

Aug 4, 2011 9:37 AM

The music industry will soon reach that fabled tipping point at which digital revenue exceeds lost physical sales, Warner Music Group (NYSE: WMG) CEO Edgar Bronfman Jr reckons.

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Posted In: Money, Earnings, Companies, Warner Music Group

Access Industries Closes $3.3 Billion Purchase Of Warner Music Group

Jul 20, 2011 1:02 PM

Warner Music Group’s sale to Access Industries has been completed for $8.25 per share in cash, or $3.3 billion. The record label’s board approved the deal two weeks ago.

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Posted In: Entertainment, Music, Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, EMI, Warner Music Group

EMusic Reaches A Deal With EMI

May 19, 2011 4:00 PM

eMusic, the online music “club” that offers members discounts on tracks in exchange for a monthly subscription fee, has struck a deal with a fourth major music label to add tracks to its catalogue. eMusic says its members can now access more than 15,000 albums from EMI.

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Posted In: Entertainment, Music, Companies, EMI, Sony, Vivendi, Universal Music Group, Warner Music Group

Earnings
As WMG Prepares For Handover, Digital Now More Than 30 Percent Of All Sales

May 10, 2011 9:35 AM

Warner Music Group’s losses widened and revenues were up slightly in Q1, the company’s next to last quarter before it gets taken over by part-shareholder Access Industries, the diversified group owned by Russian-American industrialist Len Blavatnik, whose offer of $3.3 billion in cash (at $8.25 per share, a 34.4 percent…

EPS* Rev. vs Q110 Net Inc. vs Q110
Warner Music Group Release Beat Analysts' Estimates Revenue Indicator 2% Net Income Indicator 47.1%
* vs. Analysts' Estimates: Beat Analysts' Estimates Beat Met Analysts' Estimates Met Missed Analysts' Estimates Missed
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Posted In: Entertainment, Music, Mobile, Money, Earnings, Companies, Warner Music Group

Warner Music Sale Could Herald New Digital Outlook

May 6, 2011 10:19 AM

The winning bidder for Warner Music Group (NYSE: WMG) (WMG) is part-shareholder Access Industries, the diversified group owned by Russian-American industrialist Len Blavatnik, whose offer of $3.3 billion in cash (at $8.25 per share, a 34.4 percent premium over WMG’s average half-year price of $6.14) has been approved by WMG…

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Posted In: Entertainment, Music, Features, Breaking News, Money, M&A & Venture Capital, Mergers & Acquisitions, Companies, Warner Music Group

The Morning Lowdown 04-14-11

Apr 14, 2011 8:10 AM

Some of the stories people are talking about this morning:»  Arianna Huffington has some things to say about that class action lawsuit over unpaid blogging. (HuffPo; read paidContent’s coverage of the suit here) »  Warner Music Group Corp. (NYSE: WMG) has decided to pursue a sale of the whole company,…

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Posted In: Entertainment, Music, Features, The Morning Lowdown, Legal, Copyright, Marketing, Mobile, Companies, Amazon, News Corp., MySpace, Warner Music Group, Zynga

Earnings
WMG Digital Revs Rose Weakly Amid Wider CD Sales Declines

Feb 8, 2011 8:46 AM

Warner Music Group (NYSE: WMG) didn’t get much of a boost from the all-too-important holiday season last quarter. There were, of course, the inevitable shrinking of physical CD sales. And although digital’s share of revenues grew—in part because CD sales are less and less a part of the mix—the revenue…

EPS* Rev. vs Q409 Net Inc. vs Q409
Warner Music Group Release Beat Analysts' Estimates Revenue Indicator 14% Net Income Indicator 12.5%
* vs. Analysts' Estimates: Beat Analysts' Estimates Beat Met Analysts' Estimates Met Missed Analysts' Estimates Missed
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Posted In: Entertainment, Music, Money, Earnings, Companies, Warner Music Group

The Morning Lowdown 01-21-11

Jan 21, 2011 6:30 AM

Some of the stories people are talking about this morning:»  With even digital music sales flagging these days, it’s hardly surprising that Warner Music Group (NYSE: WMG), one of the four major record labels, has hired Goldman Sachs to search for possible buyers for the company. However, it is surprising…

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Posted In: Advertising, Entertainment, Games, Animation, Music, Features, The Morning Lowdown, Marketing, Media & Publishing, TV, Mobile, Social Media, Companies, EMI, Facebook, Google, YouTube, Warner Music Group, Countries, Europe, UK

eMusic Launches New Site With Tiered MP3 Pricing

Nov 18, 2010 9:12 PM

eMusic launched its new website today, which includes 250,000 new songs from Universal, new hits from Sony (NYSE: SNE) Music and Warner Music—and higher prices for its newer tracks.

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Posted In: Entertainment, Music, Companies, Best Buy, Cablevision, Comcast, Disney, ABC, Playdom, Microsoft, MSN, NBC Universal, CNBC, Playboy, Spotify, Warner Music Group, emusic, sony music entertainment, universal

Earnings
WMG Renews Spotify For Europe, Still Talking In U.S.

Nov 17, 2010 8:44 AM

If analysts on Warner Music Group’s Q4 earnings call were hoping for news of a Spotify deal, they got exactly what they wanted. Edgar Bronfman Jr said WMG has signed a new deal with the unlimited-music service - but it’s only a renewed deal, covering Spotify’s existing European markets.

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Posted In: Entertainment, Music, Money, Earnings, Companies, Spotify, Warner Music Group

Industry Moves
Warner Bros. Hires Transpera’s Ballard To Lead Digital Games

Oct 4, 2010 7:20 PM

Warner Bros. (NYSE: TWX) has hired mobile gaming veteran Greg Ballard to lead its digital games business, as the company continues to double-down on the effort. Ballard is joining Warner Bros. only four months after he was hired by mobile video ad network Transpera as CEO; he had previously spent…

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Posted In: Entertainment, Games, Industry Moves, Mobile, Social Media, Video, Companies, Best Buy, Cablevision, Comcast, Disney, ABC, Playdom, Microsoft, MSN, NBC Universal, CNBC, Playboy, Spotify, Time Warner, Warner Bros., Warner Music Group, greg ballard

The Morning Lowdown 09.10.10

Sep 10, 2010 7:30 AM

»  Credit MTV’s ad-sales partnership with Warner Music Group (NYSE: WMG) at the end of June, but the Viacom (NYSE: VIA) property became the web’s most-visited music destination, surpassing rival Vevo, according to the latest comScore (NSDQ: SCOR) Media Metrix figures. [WSJ] »  Google (NSDQ: GOOG) Voice may be returning…

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Posted In: Advertising, Entertainment, Music, Marketing, Media & Publishing, Newspapers, TV, Social Media, Video, Companies, Apple, Google, YouTube, Viacom, MTV, Warner Music Group

Vevo Pulls UMG Music Videos From MTV Sites Over Ad Dispute

Aug 6, 2010 5:48 PM

Vevo and MTV Networks (NYSE: VIA) are having difficulty coming to an agreement over whether Vevo can sell advertising around the Viacom network’s online music player, according to interviews with sources in both camps. As a result, UMG, one of the founding partners of Vevo, has pulled its artists’ videos…

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Posted In: Advertising, Entertainment, Music, Media & Publishing, TV, Cable & Telecom, Social Media, Video, Companies, Viacom, MTV, Vivendi, Universal Music Group, Warner Music Group, vevo

Earnings
WMG’s Bronfman Jr: Mobile Music Services Like Google’s Will Challenge Apple

Aug 5, 2010 9:20 AM

He may still be declining specific comment on yet-to-be-announced future services, but Warner Music Group (NYSE: WMG) CEO Edgar Bronfman Jr. has gone further than ever to confirm reports Google (NSDQ: GOOG) will launch a mobile music offering. Asked by analysts specifically about the recent Google Music rumors, Bronfman Jr.…

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Posted In: Entertainment, Music, Money, Earnings, Companies, Warner Music Group

Earnings
Warner Music Group’s Digital Rhythm Is Slowing

Aug 5, 2010 7:47 AM

Digital income is now only creeping up at Warner Music Group. For its Q3 ending June 30, group digital revenue grew only two percent since last year, to $179 million, and is a tenth down on the preceding three months.

EPS* Rev. vs Q210 Net Inc. vs Q210
WMG Release Missed Analysts' Estimates Revenue Indicator 16% Net Income Indicator 48%
* vs. Analysts' Estimates: Beat Analysts' Estimates Beat Met Analysts' Estimates Met Missed Analysts' Estimates Missed
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Posted In: Entertainment, Music, Money, Earnings, Companies, Warner Music Group

MTVN, Warner Music Group Partner On Digital Content And Ad Sales

Jun 30, 2010 10:46 AM

Warner Music Group (NYSE: WMG) has struck a “multi-year” ad sales and digital content partnership with MTV Networks (NYSE: VIA) that revolves around music videos. It’s hard not to see this announcement within the context of WMG still being a holdout when it comes to offering its artists’ videos on…

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Posted In: Advertising, Entertainment, Music, Companies, Viacom, MTV, Warner Music Group

Warner Music Gets Tap Tap Revenge With In-Game Music Channel, Promotions

Jun 4, 2010 8:32 AM

As part of Warner Music Group (NYSE: WMG) CEO Edgar Bronfman Jr.‘s efforts to expand its mobile reach beyond iTunes, the company is partnering with iPhone and iPod touch gamer Tapulous to promote and sell its artists’ songs. Terms of the deal weren’t disclosed. The agreement follows a similar deal…

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Posted In: Entertainment, Games, Music, Marketing, Mobile, Companies, Warner Music Group, tapulous

WMG’s Bronfman Warms To Apple, Tip-Toes Around iTunes Speculation

May 6, 2010 9:41 AM

Last quarter, Warner Music Group (NYSE: WMG) CEO Edgar Bronfman Jr scolded Apple for introducing variable track pricing too late and eagerly predicted a new wave of subscription digital music services “dwarving” the iTunes Store on which labels depend so much. This quarter, he’s full of praise for Cupertino, ahead…

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Posted In: Entertainment, Music, Companies, Apple, iPad, iPhone, Warner Music Group, edgar bronfman

Earnings
WMG Sees Pot With Less Money At End Of Digital Rainbow

May 6, 2010 7:25 AM

Some encouragement at Warner Music Group (NYSE: WMG), as digital sales have now hit 30.1 percent of total income - but this may also be contributing to an overall sales dip... In WMG’s January-to-March Q2, at constant currencies, digital revenue grew strongly by 11.8 percent from last year‘s period, to…

EPS* Rev. vs Q110 Net Inc. vs Q110
WMG Release N/A Revenue Indicator 1% N/A
* vs. Analysts' Estimates: Beat Analysts' Estimates Beat Met Analysts' Estimates Met Missed Analysts' Estimates Missed
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Posted In: Entertainment, Music, Money, Earnings, Companies, Warner Music Group

Blockbuster To Get New Warner Bros DVDs Four Weeks Before Netflix/Redbox

Mar 23, 2010 9:43 AM

This surely isn’t the four weeks of Advent, but nevermind, at least Blockbuster (NYSE: BBI) gets some breathing space it desperately needs. It has a new windowing deal with Warner Bros. (NYSE: TWX) where DVDs and Blu-rays will be available to the customers four weeks before they get released on…

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Posted In: Entertainment, Movies, DVD, Companies, Best Buy, Cablevision, Comcast, Disney, ABC, Playdom, Microsoft, MSN, NBC Universal, CNBC, Playboy, Spotify, Time Warner, Warner Bros., Warner Music Group, blockbuster

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