SoundCloud raise $70 million in debt funding following “uncertainty”

SoundCloud have managed to acquire a massive $70 million in loan funding, earlier than their 2015 accounts predicted they would need to raise funds. According to new filings with the Companies House in the UK…

Warner Music Group Announces Heavy Losses for 2nd Quarter 2009

In a report to shareholders this morning, Warner Music Group revealed that in the quarter ending June 30th, 2009, total revenue decreased 9.3% and operating income from continuing operations declined 51%. Total losses from continuing…

EMI Lose $1.2 billion in the Last Financial Year

It has just been finalised that EMI lost a huge $1.2 billion in their financial year ending March 31st. This figure dwarfed the prio year’s $455 million in the red. Some losses stem from restructuring…