08/31: Bad Boy's Trio Prove WMG Deal Critics Wrong
From
Reuters:
"Our expectation when we did the deal with Bad Boy was to break one new artist every 18 months and to reintroduce P. Diddy," said Warner Music Executive Vice President Kevin Liles this week. "He's broken three new artists this year so it's over our expectation, but still under what we know he can do."
Warner Music does not break down revenue from its various labels, but SoundScan sales data show that the company's labels collectively accounted for an 18.7 percent share of the urban music sector in the year to date. In 2005, their share of that market was 13.8 percent.
While Combs cannot claim all the credit for Warner's resurgence in the hip-hop/R&B genre, analysts said Bad Boy was having a halo effect on other labels within the Warner group.
Via
TheMTLBadBoy at BadBoyForever.com.
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