The company's shares slumped as much as 4.47 euros, or 38%, to 7.2 euros, giving the company a market value of 157 million euros (or $140 million). The company, which owns the European rights to Walt Disney Co.'s music, reported late Thursday (11/30) that its nine-month operating loss had widened to 9.7 million deutsche marks (or $4.3 million) from a loss of 1.8 million marks for the same period a year ago.
Edel's market worth saw its high-water mark in February 1999, when the company, which trades on the Neuer Markt, was valued at more than 2 billion euros.
LIVE NATION POSTS (ANOTHER) RECORD QUARTER
More butts in seats than ever before. (5/3a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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