Warner Music Group’s losses widened and revenues were up slightly in Q1, the company’s next to last quarter before it gets taken over by part-shareholder Access Industries, the diversified group owned by Russian-American industrialist Len Blavatnik, whose offer of $3.3 billion in cash (at $8.25 per share, a 34.4 percent premium over WMG?s average half-year price of $6.14), was accepted last week. But the other big news from WMG’s Q1 is that digital is now over 30 percent of all sales.
Sarah Wynter Jaime Pressly Ashanti Jennie Finch Lisa Snowdon
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