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Caitlin.House@wmg.com's blog

Warner Music Group Enters Into Agreement to Acquire EMP Merchandising, A Leading European Music & Entertainment E-Tailer

on September 17, 2018 - 11:44am

EMP To Remain A Stand-Alone Direct-to-Fan Unit Run By Current Leadership Team

Warner Music Group (WMG) today announced it has entered into a definitive agreement to acquire EMP Merchandising Handelsgesellschaft mbH (EMP), one of Europe’s leading specialty music and entertainment merchandise e-tailers. EMP is currently owned by Sycamore Partners, a private equity firm based in New York. Once the deal is complete, EMP will become a stand-alone, direct-to-fan business unit within WEA, WMG’s global artist and label services division headed by President Tony Harlow.

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Statement from Tom Corson and Warner Bros. Records Regarding Mac Miller

on September 7, 2018 - 7:40pm

 

“All of us at Warner Bros. Records are deeply shocked and saddened by the tragic news of Mac Miller’s untimely passing. Mac was a hugely gifted and inspiring artist, with a pioneering spirit and a sense of humor that touched everyone he met. Mac’s death is a devastating loss and cuts short a life and a talent of huge potential, where the possibilities felt limitless. We join all of his fans across the globe in extending our thoughts and prayers to his family and friends.” – Tom Corson, Co-Chairman & COO, Warner Bros. Records

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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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