Warner Music Group disclosed in its first-quarter earnings release that it bought Bulldog–the promotion company that put on those “$3,000 a pop if you’re stupid enough to pay to get in, free if you’re famous” Social@Ross shows that featured artists like Billy Joel–last May, but that it has since bailed out of the company and will take an $18 million charge on the venture, which comes out to a 12-cent loss per share. WMG’s overall earnings this quarter took an 11-cents-a-share hit. Honestly, where did they think they were going to make the money from on that series? Product placements in gossip columns? [Silicon Alley Insider / Photo: Getty]
