“In the short term, it's going to lead to reduction of the artists on contracts, as it moves to cut unprofitable relationships pretty aggressively, ... Some of that would have happened anyway, but this speeds it up -- you have an owner who just put a lot of cash into it and needs to get some of that cash back out.”
“They may not have been profitable for a big record company, but they were getting air time and music sales, ... You'll see some very known bands going to self-release of albums, many more independent companies having shelf-space at retail.”
“I would not underestimate their ability to market this franchise, ... I don't think it will move the needle that much at Disney, but it's a good fit for them.”
“Looking at EBITDA disguises the fact that after capital expenditures, interest income and working capital, there is often little cash left over for equity shareholders,”
