Warner Music reports 17% revenue drop in second quarter

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Warner Music reports 17% revenue drop in second quarter

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The following comments relate to this news article:

Warner Music reports 17% revenue drop in second quarter

article published on 7 May, 2009

Warner Music Group's revenue for the second quarter of 2009 is down more than $100 million dollars compared to the same period last year. A statement from the company blames the decline primarily on worldwide economic conditions and a release schedule weighted heavily toward the last part of the year. WMG's one semi-bright spot is digital (internet-based) revenue, which accounted for ... [ read the full article ]

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jos22

Junior Member

7. May 2009 @ 16:21

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Warner Music reports 17% revenue drop in second quarter

so whats the bad news. this headline brought a smile to my face.

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Hopium

Member

7. May 2009 @ 17:41

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ITS THE PIRATES FAULT OH NOSE WE GONNA GO BROKE

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DTN107

Member

7. May 2009 @ 22:04

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I am surprise they didn't scream out "IT IS ALL BECAUSE OF PEOPLE WHO PIRATE MUSIC!"

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KillerBug

AfterDawn Addict

1 product review

8. May 2009 @ 00:31

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"CD sales continuing their freefall" - I didn't know anyone still bought CDs! Honestly, it is a technology left over from the early '80s, and they sound terrible...no better than an MP3. If I buy a CD it is only because I cannot find it for sale online, and the first thing I do is convert it to MP3.

If they refuse to go to 5.1/7.1 audio, I say let them go out of business...they might as well be selling cassettes.

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DaGuru77

Newbie

8. May 2009 @ 11:01

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I don't know where these dummies think they are coming from, but when you sue your customers for millions of dollars we stop buying your products. It's the old cliché: you are not doing us a favor by selling us your product. We don't need you, you need us. And when we are treated like dirt we will take our business elsewhere. These fatcat executives need to wake up and smell the coffee before it's too late. They need to stop listening to their bottom feeding lawyers and change their tune. This is another example of greed, pure and simple. This is just another example why our economy is in shambles, and you can take that to the bank.

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Ransack

Newbie

8. May 2009 @ 12:16

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It true. When you sue customers for your product they don't care to buy it at all in the future which is basically common sense. What Warner Bros should do is look for more commercial sounding unsigned artists and help the ones who are helping to promote themselves. They should also concentrates on selling the artists who are signed CD's at concert venues and design the some sort of EP CD release that can be only sold at concert venues. This would help generate more sales for the artists and more profits for Warner Bros. New ideas for CD sales is obviously needed in these times in order of benefiting on a profitable margin in these times because sales of CD's have become the minority of music sales in these times.

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hermes_vb

Senior Member

9. May 2009 @ 01:02

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Well, for those who wonder who's buying CD's...I am. Unless the download is offered as Lossless, I prefer the CD. It's better quality, and you can rip it to the format of your choice.

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Mr-Movies

Senior Member

11. May 2009 @ 22:19

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Originally posted by hermes_vb:
Well, for those who wonder who's buying CD's...I am. Unless the download is offered as Lossless, I prefer the CD. It's better quality, and you can rip it to the format of your choice.

Absolutely correct a CD is better then an MP3 and typically cheaper as well, if you want all of the songs and not just the top 40 tunes. I typically look for DVD-A's but still buy CD's too.

CD prices are WAY TOO HIGH make them resonable and sales will go up. Do you think that all of the monies they have waisted fighting Pirates Bay is a contributing factor to their slump? The negative publicity can't help.

I would like to see more of the free sites promoting bands so that the band gets the revenue and not the RIAA & music manufacture companies. I've bought CD's at live concerts for local bands and preffer to support the band not the studio's.

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mamal8de

Newbie

8. July 2009 @ 20:06

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I've been immersed in both music AND the industry ALL of my life. I have friends in undiscovered bands, and former classmates in upper-level industry positions.
...support the bands, not the companies....
Amen to the ten to that!!

As for WB, they would do better if they leaned more on their movie/DVD making, since they are the customer-preferred choice there. But like most of the biggies they undersell their best products and can't understand why their junk doesn't sell.

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"...better wake up...pay attention...otherwise you dead cabbage stew!"

This message has been edited since posting. Last time this message was edited on 8. July 2009 @ 20:07

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