Warner Music’s Full-Year Profit Falls Despite Streaming and Recorded Music Growth
Warner Music Group reported a 23% decline in annual profit for the fiscal year ending Sept. 30 as the termination of BMG’s distribution agreement resulted in lower revenue, though higher publishing and recorded music revenues bolstered annual revenues. WMG’s net income for the 12 months ending Sept. 30 fell to $370 million from $478 million […]
