Warner Music Group (WMG) 2007年年度报告「NASDAQ」.pdf

1、Warner Music GroupAnnual Report 2007NYSE:WMGA Message from Chairman and CEO Edgar Bronfman,Jr.Dear Fellow Shareholders:Industry transitions are times of great opportunity,and there is no doubt that the recorded musicindustry is in the midst of a significant and fundamental transformation.Of course,o

2、pportunity does not come without its challenges and this year,Warner Music Groupcontinued to meet and address the challenges of this transition head on,laying the groundwork forfuture growth.The transformation of the recorded music industry will require not only a clear vision and aprogressive strat

3、egy to radically alter traditional business models,but also leadership,continuedfinancial discipline and resilience.At Warner Music Group,we are creating the foundation forfuture growth and believe we have the right strategy in place not only to effectively navigatethrough these difficult times,but

4、also to reap the rewards of the recorded music industrysevolution.Looking back on our fiscal 2007,we made meaningful progress in many different areas.Sustaining Digital LeadershipDuring fiscal 2007,digital revenue grew 30%to$460 million or 14%of total revenue and,in theU.S.we once again reported dig

5、ital SoundScan album share substantially above our physical share.Building upon our digital leadership is essential as the recorded music business rapidly shifts fromphysical to digital.We entered into selective partnerships across business models that are aimed at driving expandedmonetization of ou

6、r content through new products in the digital space.These partnerships includedthe acquisition of a majority stake in Zebralution,a German digital distribution company,as well asdeals with social networking site,imeem,and online retailer and music discovery site,L.We expanded our global footprint of