Warner and My Diploma Thesis

May 9, 2007

Warner Music Group announced today its results for Q2 2007 that ended March 31, 2007 (read press release and 10-Q).
The numbers were down in every important category except digital sales.
Total revenue dropped 2% and the net loss was $27 million. Revenue from recorded music dropped 4% and digital recorded music revenue increased 22%. Music publishing revenue increased 11%. Digital revenues now account for 14% of total company revenues.
The press release says the restructuring is so WMG’s “continued evolution from a record and songs-based business to a music-based content company and the ongoing management of its cost structure.”

NICE!
Thats exactly the strategic plan I suggested in my diploma thesis ….

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