WABBIT HOLE: In the bad news/good news department, Warner Music's fiscal Q3 loss widened, but not as much as analysts had expected. For the quarter ended June 30, Warner reported a loss of $55 million, or 37 cents a share, compared with a year-earlier loss of $37 million, or 25 cents a share. Revenue dropped 16% to $652 million, blamed on what Warner accurately called a "light" release schedule. The company said digital revenue rose 2.3% and made up 27% of total revenue. Operating income on the record side dropped 46% as revenue slid 18%. It’s WMG’s sixth straight quarterly loss. Shares have fallen 17% so far this year. (8/5a)
THE MUSIC OF CLIVE COMES ALIVE AT CARNEGIE HALL
That's what friends are for. (5/1a)
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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!
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