A healthy profit in the market AS to music did not prevent the Warner Music Group Corp. posts drop in income for the quarter.
The record company the third largest in the world were taken personally by billionaire Len Blavatnik's access industries in July, also saw its net loss more than doubled to $ 103 million from $ 46 million years ago.
Revenue is down 6% to $ 707 million despite the year-to-date unit sales in the u.s. rose 4%, the company said Thursday.
Adjusted operating income grew 7% to $ 101 million as the company continues to cut costs.
Severance costs fell to $ 10 million in the quarter, from $ 34 million years ago.