Major Record Labels Continue to Lose Money

Great post over at Digital Music News outlines Warner Music Groups Financials from 2002-2012.

Warner Music Group

financial profits/losses, fiscal years 2002-2012 (as reported to the SEC).

2012: ―$190 million.

2011: ―$206 million.

2010: ―$143 million.

2009: ―$100 million.

2008: ―$56 million.

2007: ―$21 million.

2006: +$60 million.

2005: ―$169 million

2004: ―$1.422 million.

2003: ―$1.353 million

2002: ―$6.026 billion.

Total: ―$9.626 billion

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