Get the latest gossip
How Layoffs Are Showing Up in Music Companies’ Earnings Reports
Music company layoffs are showing up in earnings reports, which demonstrate that companies that cut costs had better margins and profitability.
The slew of earnings reports over the past two weeks have revealed that companies achieved better margins and greater profitability — even in cases with lower revenue or disappointing growth in some areas. Investors are interested in music companies because streaming has transformed the industry, bringing growth in the wake of falling CD and download sales and opening new markets around the world. While investors found reason for concern, CEO Golnar Khosrowshahi struck an optimistic note on Wednesday’s earnings call.
Or read this on Billboard