Tag Archives: Warner Music

Major Label Makes a Profit

Variety says that WMG reported a $23 million net profit last quarter: Edgar Bronfman’s company posted a $23 million net profit in the fiscal first quarter that ended Dec. 31 compared with a $16 million loss in the year-earlier period. Total revenue declined 11% to $878 million, but digital revenue soared 20% to $171 million … Continue reading Major Label Makes a Profit

Wilco, Sonic Youth, Beck Get Vinyl Reissues

In celebration of Record Store Day, Warner Brothers (via imprints, etc.) is releasing limited number vinyl pressings from Wilco, Sonic Youth, Beck and others. Grimey’s reports: Warner Brothers has already announced a complete slate of Wilco reissues from A.M. through Summerteeth, all 180-gram RTI pressings with CD included (just like Sky Blue Sky, Ghost Is … Continue reading Wilco, Sonic Youth, Beck Get Vinyl Reissues

Major Label Executives’ Salaries

Wonder why major labels are losing money? Look at Warner Music Group’s officers’ salaries: Edgar Bronfman makes $6,250,000 while Lyor Cohen makes $8,340,000. That’s almost 15 million dollars per year to pay two guys who want us to believe that sharing music hurts artists. Fuck you!