‘Tis the season for quarterly financial results…

Warner Music Group’s total revenue for the fourth quarter of 2014 was $829 million, up from $815 million for the same period in 2013. However the company had a net loss of $41 million, up from $36 million the previous year.<!–/*
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WMG CEO Stephen Cooper said:

“Some strong new releases, as well as outstanding execution by our operators around the world during the holiday season, made for an excellent start to our fiscal year. Our extraordinary roster of songwriters and artists, combined with our first-class management team and our sustained investment in new opportunities, means that we are well-positioned to build on this success as the industry evolves.”

Nina Ulloa covers breaking news, tech, and more. Follow her on Twitter: @nine_u

The post WMG: A Net Loss of $41 Million Is an “Excellent Start to Our Fiscal Year” appeared first on Digital Music News.

Source: Industry News

Musixmatch has added Thomas Hesse to their Board of Advisors. Hesse was previously an executive at Bertelsmann and Sony Music.<!–/*
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// ]]>Lauren Ceradini is leaving her position as VP of Publicity at Epic Records. Ceradini is joining Capitol Music Group to take on the same role, VP of Publicity.

Live Nation‘s SVP of Global Touring, Mark Norman, has left his position. Norman is now at AEG Live in the same position, SVP of Global Touring.

Nina Ulloa covers breaking news, tech, and more. Follow her on Twitter: @nine_u

The post Executive Shuffles: Capitol Music Group, AEG Live, Musixmatch appeared first on Digital Music News.

Source: Industry News