WARNER MUSIC GROUPS
Warner Music Group Corp (WMG) is a music content provider, which produces record labels in the music field. In the recording industry, WMG is the third greatest recording company. Historically, WMG was formed in 2004 and has successfully become a strong competitor against other major record companies, which include Sony Music Entertainment, Universal Music Group, and EMI. Generally, the company's tasks include finding, developing, and managing music talents. Furthermore, the company also produces recording labels, albums, and others. Besides that, WMG is one of the largest owner of song copyrights and publisher of printed music. Statistically, WMG has "presence in several segments across the music content value chain and in over 50 countries across the world" (Datamonitor, 2011). Over the years, WMG has attained and sold countless recorded companies. With all the successful achievements, WMG is popularly known as one of the big four record companies in the world.
English: The parental advisory logo
English: Julio Iglesias 2008
The Warner Bros. Music Group, at Burbank.Financially, the company's operating and financing performances are recorded on the annual financial records and statements. Comparable, total revenues are decreased by 4%, which is $149 million in 2011 (WMG 10-K, 2011). The primary decline in total revenues is due to the transformation of use in digital over physical sales. Lately, the growth of digital downloads is "tremendous in the U.S. and International"; for instance, "Spotify and YouTube are greatly emerging" (WMG 10-K, 2011). In 2011, physical sales decreased tremendously in amount of $186 million loss, compared to 2010. On the other hand, digital revenues increased only $55 million. And revenues in licensing and tour in Europe also increased in the amount of $16 million, compared to 2010. This table bellows demonstrates a comparison of WMG's annual gain/loss income in 2011 and its predecessor period (in millions):
September 30, 2011 | September 30, | |||