Warner Music Group posted dire numbers Thursday as profit plunged 74% to $18 million USD last quarter on fewer releases and soft CD sales.

Music sales continued to take a beating this last fiscal quarter as Warner Music Group said that its fiscal fourth quarter profits plunged 74% to $18 million USD due to fewer album releases and poor CD sales.


It's overall revenue fell Revenue fell 11% to $928 million.


"This was a difficult quarter, in some part because the industry still faces a challenging environment, but almost entirely due to the comparisons to our very strong fir



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