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