Saturday, May 23, 2026

Warner Music: Releases Donald Fagen Record in Secret, Also Reports $94 Mil Loss

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What can you say about Warner Music? They are the Bermuda Triangle of the pop world. Today they reported more losses, as usual. That’s nothing new. Their Green Day album, “Uno,” is plummeting after two weeks on the charts. Green Day used to rule the charts. No Warner release can remain at the top for more than a week or two. It’s some unwritten rule.

Here’s the summary of their latest sad story: “For the nine-month period ended June 30, WMG posted a net loss of $94 million of revenues of $2.06 billion. With its revenue expectations for the fourth quarter, it should post annual sales of 2.78 billion to $2.8 billion this year, down from the $2.87 billion in its prior fiscal year.”

Now it turns out they’ve released a new album by Steely Dan partner Donald Fagen called “Sunken Condos.” (This may be reference to all the homes Lyor Cohen bought while running WMG– just kidding!) No press, no advance. It’s just here. And it’s already number 3 on amazon.com’s physical CD chart, and number 11 on iTunes. (amazon doesn’t have the download–it’s an i Tunes exclusive I guess).

The Steely Dan fans are clearly buying the album without any urging. And WMG likes to keep most of its releases a secret. It makes it easier than promoting them. And also, frustrated writers (like yours truly) will actually pay to download the album rather than wait for a free copy.

So let me tell you what my $10.99 got me: a really beautifully crafted jazz funk CD that I’m enjoying. Among the original tracks is a cover of Isaac Hayes’s “Out of the Ghetto.” On amazon, the press description is an “Ashkenazi version” of the song. Very funny.

They’ve released a “Single”– it’s not really a single– but it’s an “impact track” in case someone at radio will play it, called “I’m Not the Same Without You.” It’s very catchy. I’d suggest “Miss Marlene” as a follow up. But who knows what Warner will do? If anything…The other track they could concentrate on it is “Weather in My Head,” very Steely Dan-ish.

Fagen as always is singing sharp, and the funk/bass lines are strong. Putting Jon Herrington’s guitar out front makes these tracks a lot more angular than the sometimes blander more recent work. “Sunken Condos” is a huge leap better than “Morph the Cat,” for example. And Freddie Washington on bass makes the album a lot more muscular.

http://donaldfagen.com/newfeature.php

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Roger Friedman
Roger Friedmanhttps://www.showbiz411.com
Roger Friedman is the founder and editor-in-chief of Showbiz411. He wrote the FOX411 column on FoxNews.com from 1999 to 2009 and previously edited Fame magazine and wrote the "Intelligencer" column at New York magazine. His bylines have appeared in The New York Times, The Washington Post, the New York Daily News, the New York Post, Vogue, Details, and the Miami Herald. He is a voting member of the Critics Choice Awards (Film and Television branches), and his movie reviews are tracked by Rotten Tomatoes. is articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. With D.A. Pennebaker and Chris Hegedus, he co-produced the 2002 documentary "Only the Strong Survive," which screened at Directors' Fortnight at the Cannes Film Festival.

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