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WARNER U.K. REVENUES UP 37%

Revenues at Warner Music’s U.K. operation are out of the red after rising 37% last year when Ed Sheeran helped generate turnover of more than £197m, according to accounts filed at Companies House.

Profits rose by 281% to £18.8m for the year ending 9/29, while shareholders’ funds were up 244% to £11m. Of that £197m, nearly 90% (£177m) was generated in the U.K.

The performance exceeds the increase in revenue for the last financial years at Universal and Sony’s British-based operations. UMG U.K. revenues rose by 8.8% to £344m for its financial year ending 12/31, while Sony’s revenues were up 14% to £226.1m for its year ending 3/31 2017. 

In 2016, Warner U.K. registered a loss of over £10k. 

iHEARTRADIO AWARDS:
SPREADING THE LOVE
We've got winners. (3/15a)
HITS LIST IS RADIOACTIVE
It's dialed in. (3/15a)
THE ROOTS OF ROCK &
SOUL, SONG BY SONG:
REAPING THE HARVEST
Ready to shake, rattle and roll? (3/15a)
SONG REVENUE CHART:
MONTE IS MONEY
Location, location, location. (3/15a)
A TASTE OF RAINMAKERS:
ALLEN GRUBMAN
A high-flying legal eagle (3/15a)
THE NEXT RECORDING ACADEMY HEAD IS...
(The envelope, please.)
IT'S NOT JUST ABOUT MARKETSHARE
But it is, really. Isn't it?
WHAT IF I DON'T STREAM?
First of all, don't panic.
WHO ORDERED THIS PIZZA?
Seriously, come get it now or we're eating it.
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