EVERYBODY PANIC!! More fodder that the music industry is dying thanks to godless downloaders. Oh wait but when you read the article you find out:
- Results still topped Wall Street estimates
- $9 million was spent in "restructuring"
- To be fair, Warner also reported a $12 million profit related to a Napster settlement
- Quarterly revenue was actually UP from the previous quartet, despite a total lack of real Christmas releases. Ok, that last part was mine
- US sales actually rose, international sales fell.
- Linkin Park, James Blunt, Nickelback were among the top sellers this quarter. Woah, spot the problem there.
Full story here.