Has Warner Music Group Gone VP Crazy?
Even as WMG was announcing 400 job cuts and much wider quarterly losses, the company was promising increases in digital staffing; and yesterday they named ex-Jet Blue exec Peter Scherr. Continue reading
WMG Losses Widen 385% To $27 Million
Warner Music Group posted a 385% wider quarterly today due to soft music sales and confirmed that it would cut about 400 jobs. The world’s fourth largest music company reported. Continue reading
WMG Spawns Den Of Theives
They can’t make money selling music anymore; so why not TV? Warner Music Group has created a new production division with a title certain to instill confidence in today’s savvy. Continue reading
Roger Ames To Head EMI North America
As some have predicted for months, record industry veteran Roger Ames will head EMI North America with Jason Flom and other US label heads reporting directly to him. Ames had. Continue reading
EMI Adds Nichols And Crosswaite To Global Digital Team
As part of an ongoing restructuring, Mark Nichols and Matthew Crosswaite have both been appointed to new roles as vice presidents of business development in EMI Music’s global digital team,. Continue reading
Circuit City Grabs Napster As Retailers Continue Search For Digital Success
UPDATED: Circuit City + Napster is the name of a new service launching April 29th that has the retail giant marketing Napster’s 3 million track library. (press release here) This. Continue reading
AnywhereCD Answers WMG Attack In Court
AnywhereCD has filed a court complaint Friday against Warner Music seeking a declaratory judgment that AnywhereCD had not as WMG alleged breached its agreement with and has the rights to. Continue reading
WMG May Buy Major Management Firm
"… a big industry player is closing in on another type of union that would tap into new revenue outlets — and if it’s successful offer a new economic model. Continue reading
EMI Stock Up After Profit Warning And New Anti-Takeover Plan
EMI stock rose 8% yesterday on the London Exchange after reporting profits of $349 million exceeding analysts expectations. At the same time the company forecast that despite impressive 59% gains. Continue reading
WMG Sends Mixed MP3 Message
First AnywhereCD (run by by the founder of mp3.com Micheal Robertson) started selling a CD/mp3 combo that promises "no restrictions" including some by big name Warner Music Group artists Then. Continue reading
