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Bronfman On Today's WMG Earnings Call - hypebot



Spotify Appears To Be A Non-Starter After reporting less than stellar earnings and a $17 million quarterly loss, Warner Music Group CEO Edgar Bronfman Jr. faced analysts on an earnings call. Some excerpts: "Variable pricing at iTunes "couldn’t have come at a worse time. (The deal was made) in the summer of 2008 before the financial crisis even hit - Apple went through that price increase in April, but in the face of the worse recession since the Depression... I don’t think there’s been another company to have taken such a price increase (30% on hit product) in 2009.” “The...
Bronfman On Today's WMG Earnings Call - hypebot

No spotify? Oh brother...