One half of one percent return on sales -- operating at a loss if not for a one time
lawsuit settlement -- core business off 14 percent -- primary asset (recording
artists) jumping ship [i.e. "not all of Warner's artists would agree to new
relationships"] -- stock price down 70 percent from already low levels.
These slobs are going out of business even faster than their newspaper and
tee vee cousins.
ping
RIAA’s lawsuits against its customers finally bringing the chickens home to roost?
I don’t follow the industry close enough to know if Warner is a big problem here (I suspect they are), but I am so tired of the “stuff” the industry is selling to our kids, that I wouldn’t mind them crahing through the floor. If they are destroyed, it would only be fitting. And I might add, the other parts of the entertainment industry need to sit up and take notice. They could be next.
Sux when decades of reliance on obscene profit margins comes to an end! The dinosaur needs to adjust to a different business model.
...all that bs about thinking out of the box, paradigm shift, and synergy....MBA heal thyself!
15.00 dollars for a CD that costs about a buck to produce...WHAT were you thinking?!?
“40 years of promoting songs that tell kids to break all the rules, and this is how they treat us! How ungrateful!”
- Nameless Record Company Executive Moron
I download music but I recognize that the quality is much inferior to getting it on a CD. The compression schemes that are used degrades the quality of the music. That’s a fact.
“Warner Music Group Corp, the world’s third-largest music company, on Thursday posted a 58 percent drop in quarterly profit, hurt by an industry-wide slump in CD sales, as more fans bought songs online.”
But that’s ok...just keep going after Limewire users and creating even more ill will instead of trying to find ways to get the music to your customers in the music file format.