Tag: A+E Networks

Warner Music’s $3 Billion Debt Upgraded To B1 “High Default Risk”

When Len Blavatnik's Access Industries bought Warner Music Group in 2011, it took on $3.05 billion in expensive debt. Now investment ratings firm Moody's has upgraded WMG's outlook slightly from B2. Continue reading

Bruce Houghton on 06/27/2016 in Major Labels | Permalink | Comments (0)
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Spotify Revenues Top $1 Billion, Losses Widen As Music Streamer Plans Video Launch

With an Apple music relaunch right around the corner, Spotify has been busy shoring up $400 million in new funding, deep discounting paid subscriptions and now, according to multiple reports,. Continue reading

Bruce Houghton on 05/08/2015 in Music Business | Permalink | Comments (3)
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Pandora Dropped 2.3 Million Listeners In Last 3 Months, Stock Falls As Net Loss Widens

UPDATED: Pandora is heading into a stormy season, with court decisions, rate hearings and Congressional action all just ahead.  Today's report to Wall Street, however, did nothing to calm investor. Continue reading

Bruce Houghton on 04/24/2015 in Music Business | Permalink | Comments (2)
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Phil Seward Joins Live Nation From Virgin America To Head Loyalty Marketing

Live Nation Entertainment announced that Phil Seward has been hired to serve as the senior vice president of relationship and loyalty marketing. Seward is a marketing veteran who has held executive. Continue reading

Bruce Houghton on 11/24/2014 in Live & Touring | Permalink | Comments (0)
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