5 ms·
> Last week, in announcing its quarterly earnings, Warner Music Group partly blamed an operating loss on expenses related to the "Happy Birthday" settlement. G
by Stratoscope 11y ago
> Last week, in announcing its quarterly earnings, Warner Music Group partly blamed an operating loss on expenses related to the "Happy Birthday" settlement.
Good for them. Well deserved!
Warner Music has clearly been wearing The Wrong Trousers.
https://www.youtube.com/watch?v=jOw7AwG-2Gs https://www.youtube.com/watch?v=jOw7AwG-2Gs
Happy Birthday dear Gromit!
- dogma1138 11y agoHow much do you need to spend on a single law suit to be in an "operational loss" when you're a 3 bln dollar yearly revenue company?
- dexterdog 11y agoMore than the product brings in.
- tomarr 11y agoIncluded in that loss may be all future revenues that could be attributed to the 'Happy Birthday' song though, in the form of a write-off of the value of the asset.
- dogma1138 11y agoWell if the wrote it off they actually might end up making more money on it because depending on the original asset value it can reduce their taxable income to nothing.