Business Case Studies, Restructuring / Turnaround Strategies Case Study, Warner Music Group,Edgar Bronfman Jr's Turnaround Strategies

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Restructuring / Turnaround Strategies Case Study

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Case Title:

Warner Music Group: Edgar Bronfman Jr's Turnaround Strategies

Publication Year : 2005

Authors: Puneet Pathak, Souvik Dhar

Industry: Home Appliances and Personal Care Products

Region:USA

Case Code: RTS0040

Teaching Note: Not Available

Structured Assignment: Not Available

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Abstract:
For the year 2003, Warner Music Group (WMG) reported a loss of $239 million, which the management attributed to the changed dynamics of the music industry and the resultant competition and large-scale piracy. In March 2004, Seagram scion Edgar Bronfman Jr. bought WMG from Time Warner for $2.6 billion. After taking over the company, Edgar who was known for his business acumen and strategies, turned around the company in a period of just 10 months and WMG recorded a profit of $36 million for the first quarter of 2005.

Pedagogical Objectives:

  • To understand the challenges faced by WMG in the highly competitive music industry
  • To discuss the turnaround strategies of Edgar Bronfman Jr. and whether these strategies would enable WMG to show outstanding performances in the future.

Keywords : Warner Music Group (WMG); Restructuring / Turnaround Strategies Case Study; Edgar Bronfman Junior; Music piracy; Music industry; On-line digital music; On-line business model; Turnaround strategies; Restructuring; Competitive strategies; Peer to Peer (P2P)

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