by Zach Shaw | Apr 11, 2011 | Label Moves
Since it was revealed that Warner Music Group would be up for sale, rumors of possible bidders have swamped the internet. At one point, it was rumored that Napster co-founder Sean Parker was a part of California billionaire Ron Burkle’s group who were bidding on WMG’s...
by Zach Shaw | Mar 14, 2011 | Label Moves, Rumors and Gossip
Warner Music Group has been rumored to be up for sale for the past few months. Seeing that they recently experienced their 8th straight quarterly loss last month, such rumors aren’t so hard to believe. However, who might be putting in a bid for the label might come as...
by Zach Shaw | Feb 8, 2011 | Gloom And Doom
Looks like Sony isn’t the only one who experienced a poor fourth quarter this year. DigitalMusicNews.com reports that Warner Music Group’s fourth quarter revenue experienced a 13 percent slip to $752 million, while full-year revenues dropped 7 percent to $2.98...
by Zach Shaw | Jan 21, 2011 | Label Moves
DigitalMusicNews is reporting that Warner Music Group is rumored to be up for sale. WMG is apparently has Goldman Sachs trying to help them find a buyer to get out of the music industry all together. Among the many potential purchasers is Kohlberg Kravis Roberts...
by Metal Insider | May 11, 2009 | Bad Deals
Warner Music Group did not have the best of luck with investments in 2008, losing $33 million in ventures with streaming services imeem and lala. Business Insider largely attributes WMG’s $68 million net loss in the quarter ending March 31 to these deals. The...