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# From WMG Earnings Call: EMI, Spotify & The Cloud
- URL: https://www.hypebot.com/from-wmg-earnings-call-emi-spotify-the-cloud/
- Published: 2010-11-17T09:49:14.000Z
- Updated: 2010-11-17T09:49:14.000Z
- Description: On this mornings earnings call, Warner Music Group CEO Edgar Bronfman Jr and his team did their best to explain financials that showed declining revenue, slow digital growth and a. Continue reading [https://www.hypebot.com/hypebot/2010/11/from-wmg-earnings-call-emi-spotify-the-cloud.html]
- Author: Bruce Houghton
- Tags: Major Labels, #wp, #wp-post, #Import 2026-01-21 10:59

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On this mornings earnings call, Warner Music Group CEO Edgar Bronfman Jr and his team did their best to explain financials that showed declining revenue, slow digital growth and a business plan centered on extracting more rights and revenue from artists, as well as, continued cost cutting. (More on the financial statement [here](https://www.hypebot.com/wmg-revenues-decline-13-digital-sales-grew-7/).) But Bronfman also shared some carefully worded insights into the broader music industry:

- Bromfman touted a new "difficult to reach" agreement with **Spotify** in the EU, but hinted that any **U.S. launch** was up to other labels. That's a softening of his previous position which was far more anti music streaming.
- He refused to speculate about what might happened next at **EMI** and if WMG would make a bid.
- While not offering specifics on **Google** or any other service, Bronfman stated that **music in the cloud** offered a "significant opportunity" to **turn the business around** and suggested major action in the space should happen early next year.
- **Declining ringtone sales** continued to be the music group's justification for slow overall digital revenue growth.