It seems that every fiscal year, Warner Music Group shows a huge loss. In fact, since 2001, the company has only shown an annual profit once. But how much money are we talking about? Well, we looked through every fiscal balance sheet for the past ten years, and found net losses totalling $10.14 billion.
Meanwhile, analysts continue to sound alarm bells ahead of a near-certain sale. That includes salty Wall Street analyst Richard Greenfield, who pointed to huge debt levels of roughly $1.5 billion. But securities analyst SmarTrend is now pointing to a debt load topping $1.9 billion, and the worst debt-earnings ratio in the entertainment industry. Warner got a 5.96x calculation, though Live Nation wasn't far behind with a 5.94x ratio.
Comments Closed
NathanJE Tuesday, April 12, 2011
So, why is everyone lining up to buy this bag of p--p?
@TonyFromSony Tuesday, April 12, 2011
Tony Gutierrez
#ohsnap
@ExcellentOnline Tuesday, April 12, 2011
Excellent Online
Holy shit how are they still in business
@Craigleon Wednesday, April 13, 2011
Craig Leon
Maybe the sign should read: "Warner Music: For Sale -Cheap".
@arnofresh Wednesday, April 13, 2011
Arno Fresh
ouch !
candyman Wednesday, April 13, 2011
im curious to know what warner was doing in 2002?? seems like that company's a 10-year fuck-up lol
@BeccaAStockton Wednesday, April 13, 2011
Becca Stockton
Anyone have any innovative ideas that might stop the music industry from losing billions of dollars?
@ninenorthlp Wednesday, April 13, 2011
Larry Pareigis
They'll make it up on volume
peter Wednesday, April 13, 2011
What I would like to know is how much the top executives made in the past 10 years for running the company into the ground.
@wesleyverhoeve Wednesday, April 13, 2011
Wesley Verhoeve
Kicking when down?
FreshPerspective Wednesday, April 13, 2011
Warn-da-Brothers & the sister that they need to find a new business model.
I say they link up with MySpace and section off music genres and promote the 360!
@DigiReyes Wednesday, April 13, 2011
Angel Digi Reyes
Shoutout to Edgar Bronfman Jr. Nice one!!!
Manuel Minino Wednesday, April 13, 2011
Music Bussiness is changing, but executives of Warner want it to remain the same like it was 30 years ago... that's why thy are losing money... they still selling horses in a world with cars...
@Jonn3DeepCEO Wednesday, April 13, 2011
JONN STOCKTON
Damnnn
@Prophetnoise Wednesday, April 13, 2011
Prophetnoise
Daymn! That's a lot of $ to lose. Who found it?
@DerekSnider Wednesday, April 13, 2011
Derek Snider
& posted a profit once over that time (Alarm bells)
elmorse Wednesday, April 13, 2011
It only seems fair to start this chart in '05, the first year of Edgar Bronfman's ownership. Then it's a different story...
@ChrisSutherIand Wednesday, April 13, 2011
Chris Sutherland
10 YEARS? They haven't figured out their business model is flawed? WTF?
@stratrev Wednesday, April 13, 2011
strategic revolution
Luck of the Sperm - Edgar Broffman! - remember DuPont stock!
@HEARITLIVE Wednesday, April 13, 2011
HEAR-IT-LIVE
CEO makes how much?
@NoExpiration Wednesday, April 13, 2011
No Expiration
is that all, folks?
OUR SPONSORS
© 2011 All Rights Reserved
Follow Us