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> Last week, in announcing its quarterly earnings, Warner Music Group partly blamed an operating loss on expenses related to the "Happy Birthday" settlement.

Good for them. Well deserved!

Warner Music has clearly been wearing The Wrong Trousers.

https://www.youtube.com/watch?v=jOw7AwG-2Gs

Happy Birthday dear Gromit!

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How much do you need to spend on a single law suit to be in an "operational loss" when you're a 3 bln dollar yearly revenue company?

More than the product brings in.

Included in that loss may be all future revenues that could be attributed to the 'Happy Birthday' song though, in the form of a write-off of the value of the asset.

Well if the wrote it off they actually might end up making more money on it because depending on the original asset value it can reduce their taxable income to nothing.

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