Warner Financials Not Looking Great After Loss and Debt Increase Following Parlophone Purchase

Warner Music is struggling. Warner has announced their latest round of figures that see their revenues drop by 0.8 percent in the latest quarter and losses tripling to $79 million.

Im not sure Warner owner Len Blavatnik is even worried considering his net worth is valued at around $12.5 billion. However, the Warner long term debt has crept up to $2.225 billion following the purchase of Parlophone.

warner music group

Im your friendly RouteBot. Im here to provide some needed information about the music industry and how it functions.

Jay Z was “flipping out” after becoming the first rapper in the Songwriters Hall of Fame

Jay Z has become the first rapper ever to be inducted into the Songwriters Hall of Fame saying that “This is a win for us“. This June in New York, Jay Z will become the first…

Turn your guitar into a synth with Electro-Harmonix’s new pedal

Electro-Harmonix have come out with a new pedal that transforms your guitar or bass into a range of awesome vintage synthesiser sounds. The polyphonic SYNTH9 Synthesizer Machine transforms your guitar or bass with 9 presets…