Jem Aswad Senior Music EditorWarner Music Group, which went public earlier this year, reported revenues that were essentially flat for its fiscal 2020, owing to the impact of COVID-19 and several of its superstar artists being off-cycle.“We’re proud of everything we’ve accomplished in the past year, despite the challenging conditions that the world has faced,” said Steve Cooper, CEO, Warner Music Group. “We’re essentially flat against a record-breaking prior year and, during the quarter, we grew 11% on an as-reported basis, excluding the revenue streams most impacted by Covid.” Pointing to the impact of the touring shutdown on artist services and performance revenue in music publishing, he said that minus those categories the company’s.
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