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# WMG Reports Loss Yet Bronfman Sees No Case For EMI Merger Rebuffing Analysts Views Of $250-300 Million In Savings
- URL: https://www.hypebot.com/wmg_reports_los/
- Published: 2006-05-05T13:59:25.000Z
- Updated: 2006-05-05T13:59:25.000Z
- Description: Warner Music Group head Edgar Bronfman on EMI’s attempt to buy WMG: "Consolidation for consolidation’s sake doesn’t make a lot of sense. Our’s is not a business that requires scale. Continue reading [https://www.hypebot.com/hypebot/2006/05/wmg_reports_los.html]
- Author: Bruce Houghton
- Tags: Major Labels, #wp, #wp-post, #Import 2026-01-21 11:10

Warner Music Group head Edgar Bronfman on EMI’s attempt to buy WMG:

![Bronfman_edgar_2](https://hypebot.typepad.com/hypebot/images/bronfman_edgar_2.jpg "Bronfman_edgar_2")

****"Consolidation for consolidation’s sake doesn’t make a lot of sense. Our’s is not a business that requires scale economics." *(huh?)* He claimed there was "no particular case for or against" merger. [(Evening Standard)](http://www.thisismoney.co.uk/news/article.html?in%5Farticle%5Fid=408817&in%5Fpage%5Fid=2&ref=hypebot.com)**

The financial markets see things differently as [Hypebot reported ](http://hypebot.typepad.com/hypebot/2006/05/emi%5Fwmg%5F300%5Fmil.html?ref=hypebot.com)[![Wmg_7](https://hypebot.typepad.com/hypebot/images/wmg_7.jpg "Wmg_7")](http://hypebot.typepad.com/photos/uncategorized/wmg%5F7.jpg?ref=hypebot.com)[ yesterday](http://hypebot.typepad.com/hypebot/2006/05/emi%5Fwmg%5F300%5Fmil.html?ref=hypebot.com) with outside analysts seeing $250-$300 million in cost savings from a merger. Today WMG [reported](http://investors.wmg.com/phoenix.zhtml?c=182480&p=irol-newsArticle&ID=852822&highlight=&ref=hypebot.com) a 2nd fiscal quarter losses of $7 million despite increasing digital revenues compared to a $4 million profit for the same period last year.

Unless Bronfman has a half dozen hit records no one knows about hidden inside his suit, he better start finding some cost savings somewhere or his investors will start wishing they’d taken EMI’s $4.23 billion offer.