Warner Music’s results for the final quarter of 2010 show no takeoff for digital music, while a venture capitalist is so frustrated he resorts to piracy; and an analyst suggests the business needs a new course
Bad news for the music industry. And it comes in threes.
First, Warner Music (which might be thinking of buying EMI from Citigroup?) reported its numbers for the fourth calendar quarter of 2010 (which is actually its fiscal first quarter). Oh dear. Total revenue ($789m) down 14% from 2009, down 12% on constant currency basis (ie allowing for exchange rate fluctuation); digital revenue of $187m was 24% of total revenue (yay!), up 2% from last year (oooh), but sequentially down by 5%, or 7% on constant currency.
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Three bits of bad news for the music business. And it’s not improving
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Page Numbers for Kindle Books an Imperfect Solution
With electronic books, neither page numbers nor “location numbers” are the perfect solution.
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Page Numbers for Kindle Books an Imperfect Solution