Warner Music Group WMG released fiscal first-quarter results Thursday that were much weaker than expected. Sales fell 11% from the year-ago period
Digital music is helping Warner Music 's results.
service for $9.99 a month after striking licensing deals with Universal Music Group, Sony Music Entertainment, and Warner Music Group . On balance, we believe these moves further support our wide moat rating. Still, as these changes do not alter
Amazon AMZN. Google's music store is playing catch-up. Three of the major labels have signed on, although Warner Music Group is notably absent. Still, we expect Google's "launch early, launch often" mantra will extend into Google Music
* Warner Music , BMG set to get recorded music, publishing
* Shares up slightly in early trading (Adds background, shares, NEW YORK to dateline)
* Warner Music buyout deal likely to top $3 bln - sources
NEW YORK (Reuters) - Warner Music Group posted a deeper loss on Tuesday as its sales declined more than expected, sending the company's shares down more than 11 percent.
We are no longer providing equity research on Warner Music Group WMG . We provide broad coverage of more than 1,800 companies across 91 industry groups and adjust our coverage as necessary based on client demand and investor interest.
maintaining our fair value estimate for Warner Music Group WMG after reviewing the firm's fiscal ..... second-quarter results, released Thursday. Warner generated $668 million of sales ..... the declining music industry, Warner is saddled with a large debt load