Warner Music Group Outlines Future Plans

In a conference call with investors and analysts on Thursday (November 29), Edgar Bronfman Jr. of Warner Music Group laid out the plans for the troubled record label. Though Roger Friedman of FoxNews.com highlighted this quote: “We’re not going to continue to sign artists for recorded music revenue only”, his conclusion that the label no longer develops recording artists is inconsistent with the call. As is his claim that the analysts “sounded disgusted and perplexed by the answers”, there’s no aspect of the call that was contentious and suggests Friedman is being deliberately deceptive for reasons unknown. Bronfman’s plans are for WMG to promote and share revenues in all aspects of an artist’s career and to be a broad based music content company, not just reliant on CD sales. Listen to the conference call, skip to the Q&A in section five, at wmg.com.