Warner Music Group posted a 16.1% decline in sync revenues in its Q3 FY2013 report but attributed the fall to a large one-time publishing settlement that took place in 2012.
In the three months ended June 30, 2013 synchronisation revenues stood at $26 million compared to $31 million in the same period last year – a 16.1% year-on-year.
In its financial report, however, WMG says that the decline in sync revenue “reflects a one-time settlement of $4 million in the ...
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