No doubt you remember the
Social@Ross series of concerts from this summer, which featured big-name chefs, ottoman seating, Tom Petty, Billy Joel, James Taylor, Dave Matthews, and Prince—and a $15,000 price tag. Well, according to Pali Research analyst Rich Greenfield, Warner Music Group may remember those concerts quite well! Why? Because the beleaguered record company apparently
shelled out about $16 million to acquire the shows' promoter, the Bulldog Entertainment Group, and has since lost a total of around $30 million as the result of the acquisition.
More »
Idolator
