RUMOR MILL
Thursday, July 5, 2018
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.
VMAs BEAMING BACK
TO THE BIG APPLE Getting back to where they once belonged (4/24a)
THE COUNT: ALL THE DESERT'S A STAGE
Jon Wayne is rolling over in his grave. (4/24a)
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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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