Warner Music writes off $33 million in music startups Imeem, Lala » VentureBeat

Warner Music writes off $33 million in music startups Imeem, Lala ยป VentureBeat

VENTUREBEAT.COM - When it comes to music startups of my generation, they have yet to bring in serious revenue. And to make matters worse, the ones that stream music have to pay record labels a hefty licensing fee. Major record label Warner Music Group may be one of the record labels driving up costs for these startups, but it has had enough of investing in them. It has written off $33 million in equity and debt...

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