Income

  1. Warner Music Group Expects Improved Revenues In Q4

    October 16, 2012 10:02 PM EDT When the Warner Music Group (WMG) reports its financials for the three-month period ended Sept. 30, the company expects revenue to total $721 million to $741 million, an improvement over the $719 million reported in the corresponding period for th ...

  2. Omnifone, Powers Music For Sony, BlackBerry, Rara.com, Turns Profit

    September 11, 2012 12:58 PM EDT Profits of any kind are rare in digital music, but there's money to be made powering other company's services. White-label service Omnifone announced Tuesday its first annual operating profit in the company's nine-year history. The ...

  3. Universal Music Group Reports Quarterly Revenue Gain

    August 30, 2012 9:54 AM EDT Universal Music Group today reported 88 million euros ($110.4 million) in earnings before interest, taxes, depreciation and amortization on revenues of 961 million euros ($1.2 billion) in its quarterly earnings report. That's up slightly from ...

  4. Business Matters: Doing More With Less - A Key Theme at NARM 2012

    May 11, 2012 9:03 PM EDT Doing More With Less -- A Key Theme at NARM 2012 -- The theme at NARM's Music Biz 2012 conference was forced austerity. "We're doing more with less," one major label executive said when asked how his company was doing.Outsourci ...

  5. U.K. Music Market Slips 3.4% Despite 25% Growth In Digital, Says BPI

    February 16, 2012 12:15 PM EST Digital music revenues in the United Kingdom climbed by 24.7% in 2011, but it was not enough to prevent a 3.4% decline in the overall music market, according to new figures released by labels trade body the BPI. Total recorded music trade revenue ...

  6. Warner Music Group Spent Less, Revenue Remained Flat in Holiday Quarter

    February 09, 2012 12:54 PM EST The holidays were good to Warner Music Group. Key releases by Michael Buble, Nickelback and the Black Keys helped Warner post flat revenue of $779 million in the fourth quarter of 2011 and first of the company's fiscal year. Operating earning ...

  7. Australia's APRA, AMCOS Report Record Revenues

    November 28, 2011 4:30 PM EST Australia's performing right society APRA and its sister mechanical right body AMCOS have reported a best-ever combined revenue of Australian $240 million ($233), a rise of 8%. The result for the year ending June 30, explains APRA/AMCOS CEO B ...

  8. Clear Channel Radio Revenue Up 4% to $781 Million

    August 04, 2011 6:45 AM EDT CC Media Holdings, the parent company of Clear Channel Communications, reported Wednesday that revenue grew 8% to $1.6 billion in the second quarter, with radio revenue up 4%. The company's billboard business rose 5% domestically and 19% inte ...

  9. France's SACEM Revenues Up 7.5% Last Year

    July 13, 2011 2:36 PM EDT Sacem, the French authors and publishers collection society, has just announced 7.5% growth in 2010 to €819.6 million (about $1.16 billion), the agency's first growth that's exceeded inflation in five years, according to Sacem report. In ...

  10. Business Matters: Despite Media Reports, EMI Did Not Post a $535 Million Profit Last Year

    May 18, 2011 4:46 PM EDT Don't Believe the Hype: EMI Did Not Post a $535 Million Profit Here's another reason not to believe everything you read in the papers: London's Sunday Times reported that EMI's most recent annual profit rose 7% to £330 million ...

  11. Country Radio Seminar 'Show Me The Money' Panel Paints Tough Financial Picture For New Artists

    March 03, 2011 10:09 AM EST If anyone attending the Country Radio Seminar still doubted the troubles facing the recording business, a presentation of case-study profit-and-loss statements by artist and label representatives cemented the position March 2 during "Show Me ...

  12. The Quarter Financial Wrap: WMG, UMG, Live Nation, Hastings, Trans World and much more

    June 10, 2010 12:00 AM EDT You hear a lot of grim music business news but recent performances of publicly traded music and music-related companies had enough positive aspects to overlook – at least for a few moments – the industry’s broad decline. Overall, falling physical ...

  13. WMG Q2 Revenue Stable

    May 06, 2010 12:00 AM EDT Warner Music Group's total revenue in the second quarter, to March 31, 2010, was down 1.3% year-on-year to $662 million. The decline was 6% on a constant currency basis. WMG said the performance reflected a light release schedulue, the contin ...

  14. More Digital Blues, Rhapsody Edition

    April 06, 2010 12:00 AM EDT Had Rhapsody been a standalone entity in 2009, it would have reported a net loss of about $26 million and an operating loss of $54 million, according to pro forma financial statements released by RealNetworks on Tuesday. Though Rhapsody has about ...

  15. Live Nation: DOJ Concessions Cost $118 Million In Annual Rev

    March 30, 2010 12:00 AM EDT Concessions to the Department of Justice cost Live Nation about $118 million in annual revenue, according to pro-forma financial statements released by Live Nation. The documents depict the new company as if both companies merged at the beginning ...

  16. Analysis: Recorded Music Forecasts And Their Spotty History

    January 19, 2010 12:00 AM EST Last week, two market research reports were released that forecast the trend of recorded music revenues. The reports are notable for two things: the dates when digital-physical equilibrium will be met and the errant forecasts of their predecessors ...

  17. Warner Music Group Q3 Revenues Down

    August 06, 2009 12:00 AM EDT In its fiscal third quarter, Warner Music Group continued to diversify its product mix but turned in revenue and earnings characteristic of an industry in a difficult transition. Total revenue dropped to $769 million, down 9% from the prior year q ...

  18. WMG Digital Revenue Up 39%

    November 25, 2008 12:00 AM EST Warner Music Group has issued fourth-quarter and full-year results that show strong digital revenue gains for the 12 months up to Sept. 30. Although digital revenue grew by a modest 0.6% from the previous 2008 quarter to $167 million, that represe ...

  19. UMG Posts Q2 Loss

    July 24, 2008 12:00 AM EDT The Universal Music Group saw a 5.3% drop in sales to 1.02 billion euros ($1.6 billion) in the quarter ended June 30, from the 1.07 billion euros ($1.4 billion) generated by the company in the preceding quarter. But on a constant currency exchange ...

  20. Hastings Posts Record Q1 Income

    May 19, 2008 12:00 AM EDT Hastings Entertainment turned in its fifth consecutive quarter of earnings growth, posting almost $3 million in net income, or 28 cents per diluted share, on sales of $131.9 million, for the three month period ended April 30. The company said the ...

  21. Hastings Posts Quarter Net Income Of $1.9 Million

    August 20, 2007 12:00 AM EDT Hastings Entertainment posted net income of $1.9 million, or 17 cents per diluted share, on sales of $125.9 million in the company's second fiscal quarter ended July 31. The profit total represents slightly more than a 10-fold increase from t ...

  22. Sirius Q3 Revs Soar, Subs Up 135%

    November 08, 2006 12:00 AM EST Revenue soared 150% to $167.1 million. Revenue soared 150% to $167.1 million. News ...

  23. RealNetworks Reports Leap In Q3 Earnings

    November 07, 2006 12:00 AM EST Revenue rose 14% to $93.7 million. Revenue rose 14% to $93.7 million. News ...

  24. UMG Q3 Sales Down

    November 07, 2006 12:00 AM EST Digital accounts for 11.5% of revenue. Digital accounts for 11.5% of revenue. News ...

  25. Handleman Posts Q1 Loss, Music Sales Down

    September 06, 2006 12:00 AM EDT Lost $5.9 million in the first quarter. The Handleman Co posted a deeper loss in the first quarter of this year compared to last, with plummeting music sales cited as the key reason for the weak performance. Overall, the Troy, Mich.-based wholesal ...

  26. Handleman Posts Q1 Loss, Music Sales Down

    September 06, 2006 12:00 AM EDT Lost $5.9 million in the first quarter. The Handleman Co posted a deeper loss in the first quarter of this year compared to last, with plummeting music sales cited as the key reason for the weak performance. Overall, the Troy, Mich.-based wholesal ...

  27. Warner Music Posts Q2 Loss

    May 05, 2006 12:00 AM EDT Warner Music Group Corp. on Friday (May 5) posted a quarterly loss, though domestic sales were strong and digital revenues rose substantially. Warner Music Group Corp. on Friday (May 5) posted a quarterly loss, though domestic sales were strong an ...

  28. Hastings Ent. Releases Financial Results

    August 25, 2005 12:00 AM EDT Chain hits earnings forecast in Q2. Although Hastings Entertainment hit its earnings forecast by generating $671,000 in net income, or six cents per diluted share, on sales of $122.7 million in the three-month period ended July 31, the Amarillo, T ...

  29. Coldplay, Gorillaz Delays Dull EMI Results

    May 24, 2005 12:00 AM EDT Revenue, profits down, but digital sales triple. Revenue, profits down, but digital sales triple. News ...

  30. UMG Posts Major Gains

    March 10, 2005 12:00 AM EST profit, revenue rise. 2004 profit, revenue rise. News ...

  31. WMG Posts 10-Month Uptick

    December 13, 2004 12:00 AM EST Warner Music Group today (Dec. 13) reported improved financial performance for the 10 months ended September 2004. The company's net loss was $136 million, compared with a net loss of $239 million in Warner Music Group today (Dec. 13) reporte ...

  32. Revamped WMG Posts First-Half Gains

    August 19, 2004 12:00 AM EDT Warner Music Group says it swung to a first-half profit of $21 million, reversing a $36 million loss in the same period a year ago. Warner Music Group says it swung to a first-half profit of $21 million, reversing a $36 million loss in the same pe ...

  33. Blair: Clear Channel Starts Strong In 2004

    May 05, 2004 12:00 AM EDT In an analysis prepared for investors, financial services firm William Blair & Co. shows Clear Channel Communications posting a solid financial performance early in 2004. In an analysis prepared for investors, financial services firm Willi ...

  34. Blair: Clear Channel Starts Strong In 2004

    May 05, 2004 12:00 AM EDT In an analysis prepared for investors, financial services firm William Blair & Co. shows Clear Channel Communications posting a solid financial performance early in 2004. In an analysis prepared for investors, financial services firm Willi ...