From CNET News.com: The transition to digital doesn't seem to be going that well for Warner Music Group. The third largest of the four top record labels reported a net loss of $46 million for the company's fourth quarter. During the same period last year, the company reported a loss of $18 million. Revenue declined 13 percent to $752 million from $867 million a year ago. Warner reported digital revenue of $197 million or a 7.1 percent increase from the same period in 2009. Digital now accounts for a full quarter of the company's entire business. View: Article @ Source Site |
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