Billboard-1997-08-30
$6.95 (CAN.), £4.95 (U.K.), Y2,500 (JAPAN) $5.95 (U.S.), IN MUSIC NEWS BBXHCCVR *****xX 3 -DIGIT 908 ;90807GEE374EM0021 BLBD 595 001 032898 2 126 1212 MONTY GREENLY 3740 ELM AVE APT A LONG BEACH CA 90807 Hall & Oates Return With New Push Records Set PAGE 1 2 THE INTERNATIONAL NEWSWEEKLY OF MUSIC, VIDEO AND HOME ENTERTAINMENT AUGUST 30, 1997 ADVERTISEMENTS 4th -Qtr. Prospects Bright, WMG Assesses Its Future Though Challenges Remain Despite Setbacks, Daly Sees Turnaround BY CRAIG ROSEN be an up year, and I think we are on Retail, Labels Hopeful Indies See Better Sales, the right roll," he says. LOS ANGELES -Warner Music That sense of guarded optimism About New Releases But Returns Still High Group (WMG) co- chairman Bob Daly was reflected at the annual WEA NOT YOUR BY DON JEFFREY BY CHRIS MORRIS looks at 1997 as a transitional year for marketing managers meeting in late and DOUG REECE the company, July. When WEA TYPICAL LOS ANGELES -The consensus which has endured chairman /CEO NEW YORK- Record labels and among independent labels and distribu- a spate of negative m David Mount retailers are looking forward to this tors is that the worst is over as they look press in the last addressed atten- OPEN AND year's all- important fourth quarter forward to a good holiday season. But few years. Despite WARNER MUSI C GROUP INC. dees, the mood with reactions rang- some express con- a disappointing was not one of SHUT CASE. ing from excited to NEWS ANALYSIS cern about contin- second quarter that saw Warner panic or defeat, but clear -eyed vision cautiously opti- ued high returns Music's earnings drop 24% from last mixed with some frustration.
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