Buffett made his assessment in his annual letter to Berkshire shareholders, where the 89-year-old also assured that Berkshire is “100% prepared” for the eventual departures of himself and Vice Chairman Charlie Munger, 96. Berkshire also reported record net income for the year of $81.42 billion, reflecting enormous gains in its common stock holdings, though operating profit fell 3%. The annual letter has long been eagerly awaited by investors and fans for its straight talk about Berkshire, the economy, investing and other topics. …read more […]
Ten years ago, the rise of technology started turning the music industry upside-down. Issues such as piracy caused labels to struggle. But thanks to subscription streaming services, such as Spotify and Apple Music, the industry is making a comeback. Earlier this month, investors saw proof of that when a report revealed Warner Music IPO details.
Warner Music IPO: The Business
Warner Music Group, or simply Warner Music, is an American entertainment and record label. It has labels such as Atlantic, Elektra, Reprise and Parlophone. The company’s music publishing firm, Warner Chappell Music, has over 1.4 million copyrights across all genres. Warner Music …read more […]