Warner Music Group

Warner Music Group Corp.
Formerly
TypePublic
NasdaqWMG
IndustryMusic
Entertainment
Founded1958; 63 years ago (1958)
FounderJack L. Warner
Headquarters
New York City, New York
,
United States
Area served
Worldwide
Key people
Michael Lynton
(Chairman)
Len Blavatnik
(Vice Chairman)
Stephen Cooper
(CEO)
RevenueIncrease US$4.475 billion (2019)[1]
Increase US$356 million (2019)[1]
Decrease US$258 million (2019)[1]
Total assetsIncrease US$6.017 billion (2019)[1]
Total equityIncrease -US$269 million (2019)[1]
Owners
Prior
Number of employees
4,520 (2017)
Divisions
SubsidiariesUproxx
Gold Typhoon
Songkick
EMP Merchandising
IMGN Media
HipHopDX
Websitewww.wmg.com
Footnotes / references
[4][5]

Warner Music Group Corp. (WMG) is an American multinational entertainment and record label conglomerate headquartered in New York City. It is one of the "big three" recording companies and the third-largest in the global music industry, after Universal Music Group (UMG) and Sony Music Entertainment (SME). Formerly part of Time Warner (now WarnerMedia), WMG was publicly traded on the New York Stock Exchange from 2005 until 2011, when it announced its privatization and sale to Access Industries.[6] It later had its second IPO on Nasdaq in 2020, once again becoming a public company.[7] With a multibillion-dollar annual turnover, WMG employs more than 3,500 people and has operations in more than 50 countries throughout the world.[8]

The company owns and operates some of the largest and most successful labels in the world, including Elektra Records, Reprise Records, Warner Records, Parlophone Records (formerly owned by EMI), and Atlantic Records. WMG also owns Warner Chappell Music, one of the world's largest music publishers.

Since August 2, 2018, WMG has expanded its business to digital media operation through its acquisition of Uproxx.

  1. ^ a b c d e "Warner Music Group Corp. Reports Results for Fiscal Fourth Quarter and Full Year Ended September 30, 2019 - Warner Music Group Official Blog". Warner Music Group Official Website. Archived from the original on March 9, 2021. Retrieved October 5, 2020.
  2. ^ "FORM S-1". Archived from the original on July 26, 2020. Retrieved August 11, 2020.
  3. ^ "Tencent Acquires Stake in Newly Public Warner Music Group". June 12, 2020. Archived from the original on July 30, 2020. Retrieved August 11, 2020.
  4. ^ "Warner Music Group Tops $4 Billion in Revenue on Strength of Digital, Publishing". Billboard. Archived from the original on April 10, 2019. Retrieved April 3, 2019.
  5. ^ "Warner Music Group". Fortune. Archived from the original on February 9, 2019. Retrieved February 8, 2019.
  6. ^ Flanagan, Andrew (June 3, 2020). "Warner Music Group Trading On Wall Street, Promises Social Justice Support". NPR. Archived from the original on May 5, 2021. Retrieved June 6, 2020.
  7. ^ Franklin, Joshua; Nivedita, C (June 3, 2020). "Warner Music strikes a chord as shares pop on Nasdaq debut". Reuters. Archived from the original on March 9, 2021. Retrieved June 6, 2020.
  8. ^ Christman, Ed (July 20, 2011). "Access Industries Completes Acquisition of Warner Music Group". Billboard. Archived from the original on July 24, 2011. Retrieved January 14, 2012.

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