Barrow Hanley Reports 8.11M WMG Shares; Sole Dispositive Power

Rhea-AI Filing Summary

Barrow Hanley Mewhinney & Strauss LLC reports beneficial ownership of 8,109,322 shares of Warner Music Group Corp common stock, equal to 5.56% of the class. The filing shows the firm has sole dispositive power over all 8,109,322 shares, sole voting power for 6,057,284 shares and shared voting power for 2,052,038 shares. The reporting entity is organized in Delaware and the filing names Barrow Hanley Global Investors as a person filing. The filer certifies these securities were acquired and are held in the ordinary course of business and not to change or influence control of the issuer.

Positive

• Material disclosure of a >5% position (8,109,322 shares, 5.56%), improving market transparency
• Explicit certification that holdings are held in the ordinary course of business and not to influence control

Negative

• None.

Insights

Investment Adviser Analyst

TL;DR: Barrow Hanley discloses a 5.56% beneficial stake with sole dispositive power, filed under Schedule 13G.

The filing documents 8,109,322 shares (5.56%) beneficially owned and shows the adviser has sole dispositive power and majority sole voting power for 6,057,284 shares with 2,052,038 shares held with shared voting power. As an investment adviser (Type: IA), the firm certifies holdings are in the ordinary course of business and not for control. This is a material >5% disclosure that increases transparency about institutional positions but, by itself, does not indicate an intent to change issuer control.

Corporate Governance Expert

TL;DR: Significant ownership disclosed; voting/dispositive splits could affect shareholder voting dynamics.

The report clarifies both voting and disposition authorities: sole dispositive power over 8,109,322 shares while voting power is split between sole (6,057,284) and shared (2,052,038). For governance purposes, these figures matter because they show where the right to direct share disposition lies and how voting influence is allocated. The certification that shares are held in the ordinary course is explicit, but the filing does not provide further detail on underlying clients or investment mandates.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Warner Music Group Corp

(Name of Issuer)

Common Stock

(Title of Class of Securities)

934550203

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 934550203

1

Names of Reporting Persons

BARROW HANLEY MEWHINNEY & STRAUSS LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 6,057,284.00
6	Shared Voting Power 2,052,038.00
7	Sole Dispositive Power 8,109,322.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

8,109,322.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.56 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Warner Music Group Corp
(b)	Address of issuer's principal executive offices: 1633 Broadway, New York, New York, 10019
Item 2.
(a)	Name of person filing: Barrow Hanley Global Investors
(b)	Address or principal business office or, if none, residence: 2200 Ross Avenue, 31st Floor Dallas, TX 75201
(c)	Citizenship: Delaware LLC
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 934550203
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 8109322
(b)	Percent of class: 5.56 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 6057284
	(ii) Shared power to vote or to direct the vote: 2052038
	(iii) Sole power to dispose or to direct the disposition of: 8109322
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

BARROW HANLEY MEWHINNEY & STRAUSS LLC

Signature:	Hannah Ackels
Name/Title:	BARROW HANLEY MEWHINNEY & STRAUSS LLC
Date:	08/12/2025

FAQ

How many Warner Music Group (WMG) shares does Barrow Hanley report owning?

The filing reports 8,109,322 shares beneficially owned.

What percentage of WMG does the reported position represent?

The reported position represents 5.56% of the class.

What voting and dispositive powers are disclosed for the WMG position?

The filer reports sole voting power for 6,057,284 shares, shared voting power for 2,052,038 shares, and sole dispositive power over all 8,109,322 shares.

Who filed the Schedule 13G for WMG?

The document names Barrow Hanley Mewhinney & Strauss LLC as the reporting person and lists Barrow Hanley Global Investors as the person filing; the reporting entity is a Delaware LLC.

Does the filing state the filer intends to influence control of WMG?

No; the filer certifies the securities were acquired and are held in the ordinary course of business and were not acquired to change or influence control of the issuer.

What is the CUSIP for the WMG common stock referenced in the filing?

The filing lists the CUSIP as 934550203.