Linkin Park Opposes Fleecing of Warner Music, Demands Immediate Release
The new owners of the Warner Music Group will be reaping a windfall of $1.4 billion from their $2.6 billion purchase a mere 18 months ago if their planned IPO moves forward. Linkin Park, their biggest act, will get nothing.
Meanwhile, of the planned $750 million raised by an IPO, only about $7 million will be put toward the company's own operations, with no money going to WMG artists.
It's plain to see WHY they would want that. Who can blame them?
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