Digital revenues not enough to counter Warner Music's slide
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While digital revenues were up 41 percent from last year, Warner Music's overall profits dropped 45 percent and revenues remained stagnant.
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CANNES, France  - Away from the headlines of job losses, grumbling artists and falling global sales, the music industry is trying new business models to boost digital sales and offset the decline in CDs.
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The 5-year chart for Motley Fool Stock Advisor recommendation Time Warner (NYSE: TWX) fails to show the fantastic success of the Lord of the Rings trilogy and the Harry Potter series of films.
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The Warner Music Groupâs announcement is the recording industryâs latest move away from its reliance on digital locks to reduce piracy.
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Record labels need the digital  music market to take off. So why aren't they helping it any?
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Warner Home Video's  defection from the HD DVD camp may have put a damper on  hardware sales.
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Amazon waited to offer digital music until it could sell unrestricted MP3 files, rather than songs with digital rights management. It may force Apple to compete on price and terms.
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CANNES, France  - Away from the headlines of job  losses, grumbling artists and falling global sales, the music  industry is trying new business models to boost digital sales  and offset the decline in CDs.
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Decision not expected to slow flood of lawsuits against file sharers by the music industry.
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While sales of physical  albums plummeted during the first nine months of 2006, big  increases in the demand for digital tracks and albums have kept  the overall music business in line with last year's totals.
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Warner Music Group&#39;s decision on  whether to counter bid for British rival EMI Group has become a  tortuously long one, as the No. 4 player grapples with exposing  itself further to recorded music amid a faster-than-expected  decline in the industry.
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Warner Music Group Corp&#39;s Chief  Executive said on Monday the music company&#39;s business was  poised to rebound as it tapped new revenue streams to counter  the decline in sales of traditional CDs.
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Music sales last year are expected to be down by 10% despite the growing popularity of the digital music market.
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Britain's EMI Group Plc  has rejected a 2.1-billion-pound ($4.1 billion) cash takeover proposal from Warner Music Group , saying on Friday it was not in the best interests of its shareholders.
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Warner Music is still considering its position on Britain's EMI and is more likely than not to make an improved offer by early next week, two sources familiar with the situation told Reuters on Monday.
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NEW YORK -- Recording company Warner Music Group Corp. said Friday it swung to a profit in the fourth-quarter, bolstered by a hefty settlement benefit, but its results fell short of Wall Street's expectations.
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Warner Music Group Corp  on Friday posted disappointing operating results and said it saw substantial pressure on operating income in the current quarter, and shares slid as much as 3 percent.