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Warner Music Drop 74%
02/09/07
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(BBC) Warner Music has reported a 74% fall in profits for the final three months of 2006, following weaker album sales than in the same period a year earlier.

The music group's net profits fell to $18m (9.2m) for the quarter, compared with $69m for the same period in 2005.

While Warner's digital music sales jumped 45% to $100m, this still only accounted for 11% of total revenues. [see full story for more and look for the related link where they have rejected Steve Jobs call to end DRM] - Click here for the Full Story

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