Warner Music Group (WMG) lost $74 million during this year’s first three months (the company’s second fiscal quarter), due in part to issues stemming from the novel coronavirus crisis. But its streaming revenue experienced an […]
Tag: Warner Music
TuneIn’s Legal Battle With Sony Music, Warner Music Heading Toward Appeal
TuneIn announced that it has gotten approval to appeal last month’s decision in a U.K. court that found that it infringed on the copyrights of Sony Music Entertainment and Warner Music U.K. On November 1, […]
Tencent Music Officially Files for Its $25 Billion IPO – and Spotify, Warner Music, and Sony All Have Stakes
You might call Tencent Music Entertainment the ‘Spotify of China’. Just one big difference: Tencent is profitable. Tencent Music Entertainment has officially filed for an IPO in the U.S., a widely expected move. The Tuesday […]
Warner Music Dumped 75% of Their Spotify Shares – A $400 Million Payday
Warner Music Group pulls a Sony and sells a huge chunk of Spotify shares. Warner Music Group Corp. (WMG) has announced that it has sold around 75% of its shares in Spotify.  The sell-off translates into […]
Why Warner Music Is Taking YouTube’s Dirty Money
Thanks to streaming (once again), Warner Music Group has posted strong financial gains.  But as Warner’s position becomes less desperate, it may be focusing on ‘fixing the YouTube problem’ for good. On the face of […]