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NEAR TRUTHS: SPRING BLOOMS
Here come the big guns. (3/28a)
THE COUNT: COLDPLAY IS HOT, COUNTRY'S COOKIN' IN THE U.K.
The latest tidbits from the bustling live sector (3/28a)
CITY OF HOPE TAPS MARCIANO FOR TOP HONOR
This year's philanthropic model (3/28a)
TRUST IN THE TOP 20
Hip-hop is no longer hibernating. (3/28a)
UMG BROADENS SPOTIFY OFFERINGS
Sir Lucian and Daniel are in harmony. (3/28a)
THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
Blighty Beat
WARNER U.K. REVENUES UP 37%
7/5/18

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.

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. made a loss of over £10k. Of that £197m, nearly 90% (£177m) was generated in the U.K.