Mar 21, 2008

Failing upwards...and upwards

And the major labels continue to wonder why they're losing money? It's amazing - Lyor Cohen & Edgar Bronfman get HUGE raises while their company, Warner Music Group, continues to lose money. As this news piece states, "That sounds great for the individuals involved, though it seems inconsistent with a company struggling against a rapid decline in recorded product." Sort of like a baseball team keeping a manager or general manager after several sub par .500 seasons.

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