The Sale of Warner Music Highlights a Turning Point for the Whole Music Industry
Date: Monday, March 28, 2011 @ 11:20:24 UTC

There are probably so many permutations to this fugue that even Bach, let alone Edgar Bronfman Jr., couldn't resolve them. Sadly the same holds true for the entire music industry. Both Warner and EMI have outstanding publishing assets, collecting royalties from a catalogue of the world's best-loved music. Music publishing is a steady, low-risk business that generates lots of cash just the sort of thing private equity types love. But recorded music, the breaking of new acts and the selling of their work, remains a business in crisis. As Guy Hands will tell you, it will take more than money to change that record. Complete Article

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