Warner Music Group reported a continuing, though slowing, decline for its fiscal Q3, ending 6/30. The loss was deepened by fluctuations in exchange rates. Here’s the skinny, as summarized in the report:
"I’m pleased with our relative performance this quarter, given that Q3 was our strongest quarter in fiscal 2014," said CEO Stephen Cooper. “Our successes this quarter are due to ongoing growth in streaming revenue, a strong flow of outstanding music from our artists and songwriters, and first-class execution by our operators around the world.”
Added EVP/COO Eric Levin, “Currency factored prominently in our results. It is encouraging that, given the strength of the prior-year quarter, total revenue was essentially flat year over year on a constant-currency basis. I’m proud of our OIBDA and margin performance. We will continue to take a balanced, global approach to delivering revenue, free cash flow and OIBDA growth.”
THE COUNT: COLDPLAY IS HOT, COUNTRY'S COOKIN' IN THE U.K.
The latest tidbits from the bustling live sector (3/28a)
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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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