Abstract
This note outlines the Borel-Weil-Bott theory for (arbitrary-genus) flag varieties of loop groups, following ideas of G. Segal. Recent revivalist interest in the "WZW fusion rules" suggests that my original (CMP 1995) treatment of the matter is not all that well understood, so a brief account thereof has been recycled along with the more recent results. Proofs are only outlined, with full details given in the references.