February 6, 2008

WMG Execs: 'Smaller Scale' M&A; Imeem Investment; DRM-Free MP3s

"Growth, particularly mobile, remained on a slower trajectory,” Warner Music Group chief executive Edgar Bronfman, Jr. warned analysts and investors during the earnings call for the quarter ending Dec. 31, 2007. But he also used his prepared remarks to talk big: “We continue to explore new business models that will accelerate digital growth. We are expanding our rights ... with new artists.” What was last year referred to as a revenue-share “partnership” - struck after WMG dropped a lawsuit against the social network Imeem in July - is now called an “investment”. (PaidContent)