COLUMN: The answer is $5.1 billion pre-tax operating income on $83.6 billion of operating revenue, which is about how much people spend on French fries during one year in the U.S. I went through all of the Warner Communications, Time Warner and AOL Time Warner annual reports since 1968 and pulled the segment financial data for the Warner Music Group or its predecessor companies.
Author: David Kronemyer
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COLUMN: The Recording Industry Association of America (“RIAA”) is the trade association for the U.S. record industry. The Motion Picture Association of America (“MPAA”) is the trade association for the U.S. film industry. One of their pretend jobs is to compile and disseminate statistics pertinent to each of their respective businesses. Their favorite hobby, however, […]