Warner Music narrows its loss as sales improve

Article Abstract:

Warner Music Group of the United States through September 30th, 2005 posted a loss of $30 million on revenue of $905 million, compared with a loss of $147 million on revenue of $798 million a year earlier. Strong earnings came from Faith Hill and Green Day albums, increasing digital-music sales and a restructured roster at Atlantic Records. The revenue results were stronger than expected.

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Warner Music's earnings surge 92% on digital sales, lower costs

Article Abstract:

Warner Music Group of the United States earnings soared 92 percent for the first quarter. Revenue is up to $69 million for digital music from $25 million a year earliner and net income is up to $69 million from $36 million a year earlier. Increased digital music sales offset decreased sales of CD's.

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EMI deal likely to resolve Warner's quest

Article Abstract:

Recording company EMI Group PLC has accepted an offer from venture capital firm Terra Firma Capital Partners, a deal totaling $4.74 bil. This is expected to end Warner Music Group Corp.'s efforts to purchase EMI.

Strategy & planning, Acquisitions & mergers, Venture Capital Companies, Miscellaneous Intermediation, Investors, not elsewhere classified, United Kingdom, Planning, Mergers, acquisitions and divestments, Company acquisition/merger, Company business planning, EMI Group PLC, Terra Firma Capital Partners, WMG

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