Posted
10:03 AM
by Gene
Perhaps a truer measure of the worth of youth media properties is
the fire-sale price for Warner Music. $3 billion plus including the debt is a fraction of what it was worth as part of PEOPLE WARNER. Media hacks will forever say the problem is downloading, but folks are still buying music, and if the music were better folks would be buying more. You get what you pay for, as the saying goes, and most music these days is free, and very much worth what you pay for it.
P. S. at 3:27 p. m.
One of SUPERNIKKI!!!!!'s commenters nails it:Hey, sexy M&A! That always equals good music and respect for catalog, right? Right?
Just kidding. Warners–one of the most interesting labels back in the day–might as well make toothbrush bristles for all this shlub and his advisors care. “Buy low and sell high.” That was Beethoven’s motto, wasn’t it?