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Caitlin.House@wmg.com's blog

Warner Music Group Corp. Reports Results for Fiscal Third Quarter Ended June 30, 2018

on August 7, 2018 - 12:00am
  • Total revenue grew 4.5% or was up 1.9% in constant currency
  • Digital revenue grew 16.1% or was up 14.1% in constant currency
  • Net income was $321 million versus $143 million in the prior-year quarter
  • OIBDA was $99 million versus $115 million in the prior-year quarter

Warner Music Group Corp. today announced its third-quarter financial results for the period ended June 30, 2018. 

“Amazing new music from our artists and songwriters and great execution from our global operators have driven our year-to-date revenue up 12%, or 7% in constant currency,” said Steve Cooper, Warner Music Group’s CEO.

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Warner Music Group Acquires Youth Culture Powerhouse, UPROXX

on August 2, 2018 - 2:23pm

Artists, Audiences and Advertisers to Benefit from UPROXX’s Expanded Resources and Reach

Warner Music Group (WMG) today announced the acquisition of UPROXX – the youth culture and video production powerhouse. Founded in 2008, UPROXX is one of the most influential media brands for youth culture, reaching more than 40 million people across the web, Facebook, Twitter, Snapchat, Instagram, and YouTube.

UPROXX will continue to be run by current CEO and Chief Creative Benjamin Blank and Co-Founder and Publisher Jarret Myer.

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Warner Music Group Corp. To Conduct Earnings Conference Call On Tuesday, August 7, 2018

on August 2, 2018 - 10:13am

Warner Music Group Corp. will release its financial results on Tuesday, August 7, 2018, for the third quarter ended June 30, 2018, and will hold an earnings update conference call that morning at 8:30 a.m. ET.

To access the conference call, please dial (844) 868-0142 or (832) 777-5759. The passcode for the call is “Warner Music.”  We suggest you call in 10 minutes prior to the start time. You will be able to replay the conference call up until Friday, September 7, 2018 at 11:59 p.m.

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The Vamps Sign Deal with Warner/Chappell

on July 18, 2018 - 11:23am

The Vamps, who are involved in the race to have this week’s UK Number One album, have signed a global deal with Warner/Chappell Music, the music publishing arm of Warner Music Group.  The band has generated more than two billion streams of their songs to date.  

The Vamps say:  “We’ve always written songs for our albums and we also love collaborating with other songwriters.  Whenever we have down time on the road, we start writing.  It’s amazing to work with Mike Smith again and we can’t wait to team up with songwriters and artists working in every type of genre from hip-hop to Nashville.

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Seymour Stein Honored with Trustees Award from the Recording Academy

on July 18, 2018 - 11:08am

Sire Records Co-Founder and Chairman Announces Departure from Warner Music Group

Sire Records Chairman and musical industry icon Seymour Stein was honored with the Recording Academy’s prestigious Trustees Award on Saturday night, July 14th, at the organization’s Special Merit Awards ceremony and tribute concert, held at the Dolby Theatre in Los Angeles. Billed as “GRAMMY Salute to Music Legends,” the event will be broadcast later this year as part of the Great Performances series on PBS.

The award was presented to Stein by Henry Rollins, who said, “Seymour is the ultimate visionary indie,

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