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| UPDATED: 2007-09-26 |
WMG Stock Falls
By: Bruce Houghton 2007-09-26 Warner Music Group shares hit new lows yesterday closing at $9.74. A year ago the stock traded at $27. As the only publicly traded... ...stand alone record label WMG is the most visible recipient of growing investor doubts about the recorded music industry. But despite public pronouncements to the contrary, the label group's slow adoption of new revenue streams - WMG labels were left completely out of yesterday's Amazon launch for example - is also causing concern. Comments Tag: WMG Add to Del.icio.us | Digg | Reddit | Furl About the Author: Bruce Houghton is a 25 year music industry veteran who owns booking agency Skyline Music and the tour marketing company Skyline Innovations. http://www.hypebot.com |
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