3 posts and columns on record companies

LimeWire Gives Up the Ghost, Shuts Down P2P File-Sharing Client

in Media on October 26, 2010 at 12:57 pm PT

Last spring, music file-sharing service LimeWire suffered a crushing blow in federal court. This is the net result: The company will stop distributing its core software, and will disable “hundreds of millions” of existing downloads. It’s the victory the big music labels have been seeking for some time.

Warner Music Earnings: Out of Tune

in Media on November 24, 2009 at 3:48 am PT

Warner Music Group has a mixed bag of results for Wall Street this morning: The music label’s revenue was a bit higher than analysts had expected. But even after factoring out one-time severance charges, the company lost three cents a share, and the Street was assuming it would earn four or five cents a share.