At Warner Music’s last investor call, Deutsche Bank’s Aaron Watts asked WMG chief Stephen Cooper what other opportunities there were in the mergers and acquisitions landscape looking ahead.
“We’re actively in the market, looking at deals that are available,” Cooper replied.
“We’re not going to change our strategy [of] trying [to] invest against what we believe could be growth assets for our business simply because we picked up and are going to be integrating Parlophone. We’re very confident about our ability to integrate that business and we’re going to continue to look at opportunities as they come up.”
Warner Music Group revenues were up by around 2% in its third fiscal quarter ended June 20, 2013 compared to the same period in 2012, but its net loss nearly doubled.
Warner seems to be putting together some amazing assets and I think they have great potential to grow even further in 2013 and 2014 (with Digital revenues looking strong).