Warner Music Shares Plunge to Lowest Point in 18 Months Following BMG Deal Termination
1 month ago
Warner Music Group Corp. (WMG) experienced a significant downturn in its stock value, plummeting by over 15% in early trading, marking its steepest decline in the last year and a half. This drastic drop follows the abrupt end of a joint venture with BMG Rights Management, raising concerns among investors regarding Warner's future revenue streams.
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