Tag: Net income

Warner Music Revenues Rise, Losses Shrink Dramatically

Warner Music Group has announced its Q2 financial results for the period ended March 31, 2018. Driven by streaming. total revenue grew 10.4%, and losses at the world's third largest. Continue reading

Bruce Houghton on 05/07/2018 in Major Labels | Permalink | Comments (0)

Tags: Al Gore, Alpha strike (gaming), Billboard Magazine, Chief financial officer, CNOOC Limited, JPMorgan Chase, Net income, Spotify, Subscription business model, Warner Music Group

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BMI Annual Royalty Distributions Top $1 Billion For First Time

BMI has distributed more than $1 billion to its songwriter, composers and publishers for the first time. Fiscal year 2017 marks the third consecutive year of record royalty growth for. Continue reading

Bruce Houghton on 09/07/2017 in D.I.Y. | Permalink | Comments (0)

Tags: Amazon.com, Earnings per share, Extended-hours trading, Fiscal year, Kim Reynolds, music, Net income, publishing, revenue, Terry Branstad, United States Ambassador to China, Wall Street

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Pandora Stock Recovers Friday Morning Despite $343M Loss, Disppointing Forecast, No Listener Growth

UPDATE 2: Pandora stock fell as much as 5% more in after hours trading Thursday, but recovered 4% Friday morning to an 11AM price of $3.11. Yesterday's drop came as. Continue reading

Bruce Houghton on 02/10/2017 in Music Business | Permalink | Comments (0)

Tags: Advanced Micro Devices, Advertising, and amortization, Artificial Intelligence, Bing, Calendar year, Chief financial officer, Cloud computing, depreciation, Earnings before interest, Earnings Per Share (EPS), Extended-hours trading, Fiscal year, Generally accepted accounting principles, Initial public offering, LinkedIn, NASDAQ, Net income, revenue, taxes, Wall Street

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Warner Music Reports Financials, $23 Million Loss In Last 3 Months

Warner Music Group continues to lose money at a substantial rate. Despite a 10.6% rise in digital revenue, the label and music group loss $23 million in the last quarter.

Bruce Houghton on 12/10/2015 in Major Labels | Permalink | Comments (0)

Tags: Brian Roberts, Chief financial officer, copyright, Currency, Fiscal year, Happy Birthday to You, music industry, Net income, Public domain, Warner Music Group

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EDM Giant SFX Reports $350 Million Loss

Robert Sillerman saw vast profits in EDM and said he'd bring those dollars to Wall Street. But as the company's latest financial report shows, despite an impressive list of acquisitions,. Continue reading

Bruce Houghton on 03/16/2015 in Live & Touring | Permalink | Comments (0)

Tags: A State of Trance, depreciation and amortization, Disc jockey, Earnings before interest, Earnings per share, Electronic music, Net income, North America, Pro forma, revenue, SFX (magazine), taxes

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Stock Falls Again Today, Listener Hours Drop, But Pandora Still Comes Out Ahead

UPDATE: Pandora stock fell another 8,.5% to $17,97 on Wednesdy Pandora listener hours in June fell from 1.35 billion to 1.25 billion. Pandora blamed the drop on seasonal listening patterns. Continue reading

Bruce Houghton on 07/10/2013 in Music Business | Permalink | Comments (1)

Tags: June, Net income, Pandora, Pandora Media, Rohan, royalties, Stifel Nicolaus, Tuesday

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