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Precisely the same conclusion I drew after reading Warners response. How can the financial picture possibly improve over time? Only option I see at this point is licensing to Shout! Factory or Image.

Gary, I wasn't able to attend the chat myself, unfortunately. A quick scan of the people posting in this thread told me all I needed to know regarding the possibility of any discussion over Warner classics from the 50s-60s catalog. Maybe next time. Update--OK, I wrote too soon seeing that...