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Warner Music Group Corp. - WMG STOCK NEWS

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

Warner Music Group Corp. (WMG), trading under the symbol WMG, is one of the largest and most influential music companies globally. Home to a diverse roster of new stars and legendary artists, WMG boasts a collection of prestigious record labels such as Atlantic, Warner Records, Parlophone, and Reprise, alongside others like Asylum, Elektra, Fueled By Ramen, and Nonesuch.

The company operates through two primary segments: Recorded Music and Music Publishing. Its recorded music division includes iconic labels that manage some of the world's most renowned artists including Ed Sheeran, Cardi B, Dua Lipa, and Blake Shelton. Warner Chappell, the music publishing arm, manages over 1 million copyrights and 65,000 songwriters, making it a leader in the industry.

WMG's recent achievements highlight its dynamic growth and adaptability. Notably, the company announced a groundbreaking partnership with Megan Thee Stallion allowing her to maintain artistic independence while leveraging WMG's global resources. This agreement underscores WMG's commitment to fostering long-term creative and financial success for its artists.

Financially, WMG has shown resilience and robust growth. For the quarter ending December 31, 2023, the company reported a 17.5% increase in revenue to $1.51 billion, driven by an uptick in digital streaming and licensing revenues. Adjusted OIBDA surged by 34.6% to $451 million, signifying strong operational performance.

Recently, WMG has made strategic moves to expand its global footprint. In February 2024, Nora Fatehi signed her first major global record deal with WMG, aimed at boosting her international music career. This move marks WMG's continued investment in diversifying its artist portfolio and reaching new markets.

Moreover, WMG has strengthened its presence in India through an expanded partnership with Global Music Junction, enhancing its influence in central Indian music markets like Bhojpuri and Haryanvi. This strategic investment aligns with WMG's vision to support regional artists and tap into the fast-growing Indian music industry.

WMG's commitment to innovation is evident through its wide array of services including artist and label services offered by ADA and its next-gen artist services division, WMX. Additionally, the company engages in storytelling through Warner Music Entertainment and content creation via IMGN.

Controlled by Access Industries, WMG maintains an 84% economic interest and 99% voting rights, ensuring stability and long-term vision. With a global presence spanning over 70 countries, WMG continues to play a pivotal role in shaping the future of music and entertainment, standing as a testament to over 200 years of rich musical legacy.

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Warner Music Group (WMG) will release its Q3 2024 financial results on August 8, 2024, covering the period ending June 30, 2024. An earnings conference call is scheduled for the same day at 8:30 a.m. ET. Interested parties can register online to receive a dial-in number and personal pin for the call. Participants are advised to join 10 minutes before the start. The call can also be accessed via webcast on the WMG website, with a replay available post-event.

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Warner Music Group (Nasdaq: WMG) has appointed Michael Ryan-Southern (MRS) as Executive Vice President of Corporate Development, effective August 5th.

MRS, who has extensive experience in investment, finance, and the music industry, will lead WMG's M&A activities. He will work closely with various departments to identify and acquire companies and catalogs to enhance growth and earnings.

Previously, MRS was Global Head of Music & Live Entertainment Investment Banking at Goldman Sachs and held senior roles at Mubadala Capital and EMI Music Publishing. He will report to WMG CEO Robert Kyncl and be based in New York.

MRS's appointment aligns with WMG's growth strategy and commitment to leveraging opportunities in recorded music, music publishing, and global markets.

MRS expressed excitement about WMG's entrepreneurial spirit and tech-forward approach, looking forward to contributing to the company's vision and evolution.

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Warner Music Group (WMG) has announced that its Executive Vice President and Chief Financial Officer, Bryan Castellani, will participate in a Q&A session at the J.P. Morgan Global Technology, Media and Communications Conference on May 21, 2024, at 10:50 a.m. ET.

The session will be available via a live webcast on WMG's Investor Relations website, with a replay accessible afterward in the Past Events section.

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Warner Music Group Corp. declared a regular quarterly cash dividend of $0.17 per share on its Class A Common Stock and Class B Common Stock, payable on June 3, 2024, to stockholders of record as of May 23, 2024.

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Warner Music Group Corp. reported solid results for the fiscal second quarter ended March 31, 2024, driven by growth in recorded music and music publishing. Total revenue increased by 7%, with net income reaching $96 million. Operating income decreased by 4% to $119 million, while adjusted OIBDA increased by 9% to $312 million. The company highlighted an acceleration in subscription streaming and revenue growth of 19% in music publishing. WMG reiterated their full-year operating cash flow conversion guidance and remains focused on long-term growth.

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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.
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Bollywood superstar Ayushmann Khurrana signs a global recording deal with Warner Music India, expanding his reach to international audiences.
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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.
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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.
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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.
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FAQ

What is Warner Music Group Corp. (WMG)?

Warner Music Group Corp. (WMG) is a major global music company, home to iconic labels and artists, and operates in recorded music and music publishing.

What are the key segments of WMG’s business?

WMG operates primarily through its Recorded Music and Music Publishing segments.

Who are some notable artists under WMG?

Some notable artists under WMG include Ed Sheeran, Cardi B, Dua Lipa, and Blake Shelton.

What recent partnerships has WMG announced?

WMG recently announced partnerships with Megan Thee Stallion for global services and Nora Fatehi to promote her international music career.

What financial growth has WMG reported recently?

For Q1 of the fiscal year, WMG reported a 17.5% increase in revenue to $1.51 billion and a 34.6% increase in Adjusted OIBDA to $451 million.

How does WMG contribute to the global music market?

WMG supports artists and songwriters through development, marketing, and global distribution, helping to shape music culture worldwide.

What is Warner Chappell?

Warner Chappell is the music publishing arm of WMG, managing over 1 million copyrights and 65,000 songwriters.

What role does technology play in WMG’s strategy?

WMG invests in technology to enhance digital revenue, streamline operations, and support artist and repertoire development.

What is WMG’s approach to artist independence?

WMG supports artist independence through innovative agreements, allowing artists to maintain creative control while leveraging WMG’s resources.

How does WMG expand its global presence?

WMG expands its global presence through strategic partnerships and investments, such as its recent deals in India and with international artists.

Warner Music Group Corp.

Nasdaq:WMG

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16.57B
141.60M
7.05%
94.47%
0.82%
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