Comments on: Crux of Big Music’s problems http://www.p2pnet.net/story/4338 p2pnet.net - reader powered Wed, 01 Feb 2012 15:11:09 -0300 http://wordpress.org/?v=2.8.4 hourly 1 By: Reader's Write http://www.p2pnet.net/story/4338/comment-page-1#comment-11610 Reader's Write Sat, 26 Mar 2005 19:19:14 +0000 #comment-11610 Lost revenue??? Then why are most record companies announcing huge profits for the past year. Warner Music is a great example of what the "Modern" record company should be. When the new owners took over they eliminated many unneeded "executive" jobs, you know, where people make an obscene amount of money to do essentially nothing, restructered their company to make things much more efficient and in doing so reported a $36 Million profit for 2004....all the while being 3rd over all in market share! Maybe this could be a lesson to the rest of the majors! Chris Abbott Lost revenue??? Then why are most record companies announcing huge profits for the past year. Warner Music is a great example of what the “Modern” record company should be. When the new owners took over they eliminated many unneeded “executive” jobs, you know, where people make an obscene amount of money to do essentially nothing, restructered their company to make things much more efficient and in doing so reported a $36 Million profit for 2004….all the while being 3rd over all in market share! Maybe this could be a lesson to the rest of the majors!

Chris Abbott

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