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Warner Music Group Corp - WMG STOCK NEWS

Welcome to our dedicated news page for Warner Music Group (Ticker: WMG), a resource for investors and traders seeking the latest updates and insights on Warner Music Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Warner Music Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Warner Music Group's position in the market.

News
Warner Music Group Corp. To Conduct Earnings Conference Call on Thursday, May 9, 2024
Rhea-AI Summary
Warner Music Group Corp. is set to release its financial results for the second quarter ending March 31, 2024, with an earnings conference call scheduled on May 9, 2024, at 8:30 a.m. ET. Investors can register for the call to receive the dial-in number and personalized pin. The webcast option is available for those not asking questions, with a replay accessible on wmg.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.68%
Tags
earnings
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News
AYUSHMANN KHURRANA SIGNS GLOBAL DEAL WITH WARNER MUSIC INDIA
Rhea-AI Summary
Bollywood superstar Ayushmann Khurrana signs a global recording deal with Warner Music India, expanding his reach to international audiences.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.78%
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none
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News
WARNER MUSIC EXPANDS DEAL WITH JETSYNTHESYS' GLOBAL MUSIC JUNCTION
Rhea-AI Summary
Warner Music India expands partnership with Global Music Junction, becoming the largest player in the Indian local language market. The agreement includes a strategic investment by Warner Music in GMJ, leading to a seat on the board. GMJ dominates the Bhojpuri, Kannada, Gujarati, Haryanvi, and Oriya language markets, with exponential growth in the latter two. Warner Music now holds a significant presence in central Indian music, aiming to support artists and connect with fans globally.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.15%
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none
News
Warner Music Group Confirms Its Indication of Interest in Relation to French Digital Music Company Believe SA
Rhea-AI Summary
Warner Music Group (WMG) confirms its approach to Believe SA for a potential combination, valuing Believe at €17/share. WMG aims to provide strategic support and financial stability to accelerate Believe's growth. The Consortium waives conditions after WMG's proposal, raising concerns over French securities regulations. WMG awaits due diligence information to proceed with a formal offer.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.6%
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none
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News
Warner Music Group Corp. to Participate in Deutsche Bank’s Media, Internet & Telecom Conference
Rhea-AI Summary
Warner Music Group Corp. announced Bryan Castellani, CFO, will participate in a Q&A session at Deutsche Bank's conference. The webcast will be available to the public.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.56%
Tags
conferences
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News
Warner Music Group Corp. to Participate in Morgan Stanley Technology, Media & Telecom Conference
Rhea-AI Summary
Warner Music Group Corp. announced CEO Robert Kyncl's participation in a Q&A session at the Morgan Stanley Conference on March 6th. The live webcast and replay will be accessible on the company's Investor Relations website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.23%
Tags
conferences
News
GLOBAL SUPERSTAR NORA FATEHI SIGNS RECORD DEAL WITH WARNER MUSIC GROUP
Rhea-AI Summary
Global star Nora Fatehi signs her first major record deal with Warner Music Group, marking a significant milestone in her international music career. With a diverse fanbase and billions of views, Nora aims to become a global music star, leveraging Warner Music's expertise to reach new heights.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.23%
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none
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News
Warner Music Group Corp. Announces Quarterly Cash Dividend
Rhea-AI Summary
Warner Music Group Corp. declares a quarterly cash dividend of $0.17 per share on its Class A and Class B Common Stock, payable on March 1, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.82%
Tags
dividends
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News
Warner Music Group Corp. Reports Results for Fiscal First Quarter Ended December 31, 2023
Rhea-AI Summary
Warner Music Group Corp. reported double-digit growth in revenue and adjusted OIBDA, with recorded music and music publishing delivering the highest quarterly revenue in company history. Total revenue increased 17%, net income was $193 million, and operating income increased 34% to $354 million. The company also reported a robust operating cash flow conversion of 65% of adjusted OIBDA. Warner Music Group launched a plan to achieve $200 million in annual savings to be reinvested into growth opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.49%
Tags
earnings
News
MEGAN THEE STALLION & WARNER MUSIC GROUP ANNOUNCE INNOVATIVE AGREEMENT TO ENABLE THE HOUSTON NATIVE TO MAINTAIN INDEPENDENCE WHILE WORKING WITH MAJOR MUSIC COMPANY'S GLOBAL RESOURCES
Rhea-AI Summary
Megan Thee Stallion and Warner Music Group (WMG) have entered into an innovative agreement that allows the artist to maintain her independence while accessing the music company's global services. Megan will have distribution and resources with Warner Music, full ownership of her masters and publishing, and creative control of her music releases. The announcement follows the success of Megan's recent single 'HISS,' which reached No. 1 on various music charts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Warner Music Group Corp

Nasdaq:WMG

WMG Rankings

#482 Ranked by Market Cap
#960 Ranked by Stock Gains
#1406 Ranked by Dividends

WMG Stock Data

17.32B
133.40M
7.09%
92.87%
0.74%
Entertainment
Communication Services
Link
United States
New York

About WMG

with its broad roster of new stars and legendary artists, warner music group is home to a collection of the best-known record labels in the music industry including asylum, atlantic, east west, elektra, fueled by ramen, nonesuch, reprise, rhino, roadrunner, rykodisc, sire, warner bros. and word, as well as warner/chappell music, one of the world's leading music publishers, with a catalog of more than one million copyrights worldwide. wmg comprises an array of businesses aimed at helping artists achieve long-term creative and financial success while providing consumers with the highest-quality music content available. wmg is engaged in the recorded music business (including artist services) and the music publishing business, and is a leading company in national and international repertoire that operates through numerous international affiliates and licensees in more than 50 countries.