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C2W Music paid execs over $22 million as it went deeper into the red

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CASH-STRAPPED song publisher C2W Music burned through another US$115,000 ($12.5 million) during the last three months of 2013.

And although it reported that it started to see royalty- driven earnings out of Barbados in its last quarter, it just realised US$9,300 in the three months to December 31, 2013.

Consequently, net loss for the year totalled US$620,000, bringing C2W’s accumulated losses to US$1.24 million up to December 31, 2013.

Published in the Jamaica Observer
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