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The Latest Breaking News from Digital

Warner Music Group CEO Plans To Step Down Next Year

Warner Music Group Corp (NASDAQ:WMG) disclosed planning for the succession of CEO and director Stephen Cooper. WMG expects the transition to happen by the end of 2023. Cooper has served as CEO since 2011. He will continue to serve as CEO and director until his successor is appointed. WMG reported second-quarter FY22 revenue growth of…

Al Jazeera wins record number of Telly Awards

Al Jazeera wins record number of Telly Awards

The news network’s digital section is named ‘Telly Company of the Year’.

Warner Music Q1 Growth Slows, EPS Dops Y-o-Y

Warner Music Q1 Growth Slows, EPS Dops Y-o-Y

Warner Music Group Corp (NASDAQ:WMG) reported second-quarter FY22 revenue growth of 10% year-on-year to $1.376 billion, missing the consensus of $1.38 billion. Recorded Music revenue grew 8% Y/Y to $1.15 billion. Music Publishing increased 20% Y/Y to $230 million, and Digital grew 8% Y/Y to $931 billion. Adjusted OIBDA margin decreased 50 bps…

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Digital Brands Shares Plummet On Pricing Equity Offering At 50% Discount

Digital Brands Group Inc (NASDAQ:DBGI) has priced its underwritten public offering of 37.4 million shares at $0.25 per share. The offer price represents a 50% discount on Digital’s closing price on May 5, 2022. The company has granted the underwriters a 45-day option to purchase up to 5.4 million additional shares of common…

Wrangler, Lee Parent's Q1 Earnings Exceed Street View; Cuts Q2 EPS Outlook

Kontoor Brands Inc (NYSE:KTB) reported first-quarter FY22 sales growth of 4% year-on-year to $679.74 million, beating the consensus of $655.33 million. The company attributed the revenue growth to strength in Digital and continued positive trends in the U.S. wholesale business and solid performance in international markets. Revenue in the U.S. increased 4% Y/Y,…

Tech firm AND Digital to open Bristol office and create 100 jobs

The company has provided IT services to organisations including British Airways, Diageo and The Prince's Trust

Birmingham Post

Featured Jobs: Illuminate Communications, Klara Cosmetics, NRMA Holiday Parks, Resident Advisor, Dinosaur Designs, Hamma.Digital

Illuminate Communications provides dynamic integrated communications services spanning consumer and corporate media relations, content marketing, digital and social, and issues and crisis management to clients spanning financial services and fintech, to telecommunications, agriculture and technology. Illuminate is searching for a standout PR consultant with 1-3 years’ experience to join their…

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Why Are Warner Music Shares Trading Lower Today?

Why Are Warner Music Shares Trading Lower Today?

Warner Music Group Corp (NASDAQ:WMG) reported first-quarter FY22 revenue growth of 22% year-on-year to $1.61 billion, beating the consensus of $1.49 billion. Recorded Music revenue grew 19% Y/Y to $1.39 billion. Music Publishing increased 31% Y/Y to $229 million, and Digital grew 21% Y/Y to $1 billion. Adjusted OIBDA margin increased 90 bps…

New York Times Tops Q4 Consensus; Raises Dividend, Plans Share Buyback

New York Times Tops Q4 Consensus; Raises Dividend, Plans Share Buyback

New York Times Co (NYSE:NYT) reported fourth-quarter FY21 sales growth of 16.7% year-on-year, to $594.2 million, beating the consensus of $578.9 million. Subscription revenues increased 11.2% Y/Y to $351.2 million, and advertising revenues increased 26.9% Y/Y to $176.8 million. Compared with the Q4 of 2019, total revenues increased 16.9%, as subscription revenues increased…

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