Warner Music Group's current stock value is about two-thirds off from last year's $27 share value. From Hypebot: "WMG is the most visible recipient of growing investor doubts about the recorded music industry. But despite public pronouncements to the contrary, the label group's slow adoption of new revenue streams - WMG labels were left completely out of yesterday's Amazon launch for example - is also causing concern." [Yahoo! Finance]
11:32 AM on Wed Sep 26 2007
By mjohnston
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the label group's slow adoption of new revenue streams - WMG labels were left completely out of yesterday's Amazon launch for example - is also causing concern.
*laughs and points at Bronfman, supposed business genius*
Well...stop fucking with your customers Mr. Big Music.
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