Tuesday, September 24, 2013

Warner Music Group report

WARNER MUSIC GROUPS Warner Music Group Corp (WMG) is a medicinal drug content provider, which produces point labels in the music field. In the retain industry, WMG is the third greatest recording company. Historically, WMG was formed in 2004 and has successfully become a strong competitor against former(a) major record companies, which everyplacewhelm Sony Music Entertainment, Universal Music Group, and EMI. Generally, the companys tasks intromit finding, developing, and managing music talents. Furthermore, the company in any case produces recording labels, albums, and others. Besides that, WMG is bingle and only(a) of the largest owner of song copyrights and publisher of printed music. Statistically, WMG has presence in some(prenominal) segments crossways the music content value chain and in over 50 countries across the world (Datamonitor, 2011). Over the years, WMG has accomplish and change countless recorded companies. With all the successful achievements, WMG is popularly cognize as one of the big four record companies in the world. Financially, the companys operating and financing performances ar recorded on the yearbook financial records and statements. Comparable, total revenues be reduced by 4%, which is $149 million in 2011 (WMG 10-K, 2011). The uncreated decline in total revenues is collectable to the transformation of exercise in digital over somatogenetic sales. Lately, the growth of digital downloads is tremendous in the U.S. and International; for instance, Spotify and YouTube atomic number 18 greatly emerge (WMG 10-K, 2011). In 2011, physical sales decreased tremendously in amount of $186 million exhalation, compared to 2010. On the other hand, digital revenues change magnitude only $55 million. And revenues in licensing and tour in atomic number 63 also increased in the amount of $16 million, compared to 2010. This postpone shout demonstrates a comparison of WMGs annual gain/loss income in 2011 and its pre decessor period (in millions): Septe! mber 30, 2011 September 30, 2010 2011 vs. 2010 $ Changes... If you want to make it a full essay, order it on our website: OrderCustomPaper.com

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