(Reuters) - "This quarter's loss is primarily because of the write-off
of distribution and music publishing advances paid to and on
behalf of one of our content providers, Source Entertainment,"
Chief Executive Martin Greenwald said in a statement.
He added that they also continue to accrue legal and other
expenses related to their takeover by BTP Acquisition Co. LLC.,
an investor group led by financier and film producer David
Bergstein, which pushed them into the red this quarter.
Read more at Reuters.com Market News
of distribution and music publishing advances paid to and on
behalf of one of our content providers, Source Entertainment,"
Chief Executive Martin Greenwald said in a statement.
He added that they also continue to accrue legal and other
expenses related to their takeover by BTP Acquisition Co. LLC.,
an investor group led by financier and film producer David
Bergstein, which pushed them into the red this quarter.
Read more at Reuters.com Market News
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