Warner Music Group reports quarter loss
News: 18th November 2010 by Louise Dodgson under Record Labels
Warner has suffered a drop in revenue of 13% this past quarter. Apparently good sales in the UK and Italy were not enough to counteract poor performance in the US, Japan and other territories. Oh dear.
However, in other Warner news the label has renewed its contract with music streaming service Spotify in the UK, although it is yet to do the same in America. There are a few differences to be considered between Spotify in the US and the UK, which seem to be delaying the process at the moment. The PaidContent article below summarises the variations which result in different agreement terms for Spotify in the UK and America, if you want to know more...
Related Links
http://www.billboard.biz/bbbiz/content_display/industry/e3ifc4c9ce41adb968c814aa80367778c8b
http://paidcontent.co.uk/article/419-wmg-renews-spotify-for-europe-still-talking-in-u.s/
Tags
spotify, warner music group, record label, major label, record company, music sales
