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

by RouteBot on February 14, 2013

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

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