Activision Blizzard is no hero to Warner Music Group
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As an Activision Blizzard (NASDAQ: ATVI) shareholder, I’m extremely gratified by the unqualified success of the Guitar Hero franchise. However, I’m none too happy about statements made by Warner Music Group (NYSE: WMG) CEO Edgar Bronfman Jr. who believes that Activision Blizzard should be paying more to license the songs. When I first heard about that, I admit, I became a bit worried. After all, if the publisher has to pony up a higher amount of cash to the music industry, then there could be pressure on the stock.
