August 14, 2008:WMG financials reveal investment in Imeem and Lala

WMG financials reveal investment in Imeem and Lala

As a quick extra to our coverage of Warner Music Group's latest quarterly results last week, the company's official filing has put a number to its investments in music websites Imeem and Lala. WMG invested $15 million in the former – despite having previously sued it for copyright infringement – and $20 million in the…

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