Warner Music Group report

WARNER MUSIC GROUPS

Warner Music Group Corp (WMG) is a medication content provider, which produces point labels in the music field. In the save 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 overwhelm Sony Music Entertainment, Universal Music Group, and EMI. Generally, the companys tasks include finding, developing, and managing music talents. Furthermore, the company also produces recording labels, albums, and others. Besides that, WMG is one and only(a) of the largest owner of song copyrights and publisher of printed music. Statistically, WMG has presence in some(prenominal) segments across the music content value chain and in over 50 countries across the world (Datamonitor, 2011). Over the years, WMG has accomplish 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.

Financially, the companys operating and financing performances ar recorded on the annual financial records and statements. Comparable, total revenues be decreased by 4%, which is $149 million in 2011 (WMG 10-K, 2011). The uncreated decline in total revenues is due to the transformation of exercise 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 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 bellows demonstrates a comparison of WMGs annual gain/loss income in 2011 and its predecessor period (in millions):

75% rowspan=2 colspan=1>	September 30, 2011	September 30, 2010	2011 vs. 2010
					$ Changes...

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