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Warner Music Group Opens New Financial Shared Services Center in Nashville

on October 28, 2016 - 12:00am

Warner Music Group (WMG) today announced the creation of a new center of excellence for Shared Services in Nashville, Tennessee.

To establish the new center, WMG will move some of its US departments, including the US Accounting Operations, Cash Management and Recorded Music Rights Administration. By combining these financial, legal, and administrative functions under one roof, the company will be well positioned to develop expertise, processes, and best practices in Shared Services for its US recorded music and music publishing divisions.

Located at Nashville City Center and due to open in

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NPG Records & Warner Bros. Records Announce Two New Prince Releases, Both with Previously Unreleased Music from The Vault

on October 21, 2016 - 12:00am

Greatest Hits Collection PRINCE 4Ever Arrives On November 22

Remastered, Deluxe Version of Purple Rain Due In Early 2017

 

Today, NPG Records and Warner Bros. Records announced two new Prince releases that will celebrate the iconic artist’s music and introduce fans to previously unreleased material from his legendary vault. This will mark the first Prince recordings released since his passing on April 21st of this year.

Released on November 22nd in the U.S.

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Warner/Chappell Production Music and Partner Catalogs Capture Five Wins at the 2016 Mark Awards

on October 20, 2016 - 3:37pm

Warner/Chappell Production Music and partner catalogs, 9 Lives Music, Sound-Pol and MidCoast Music, took home five trophies at the 2016 Mark Awards held Tuesday evening at the Production Music Conference. The second annual awards recognized both track and usage categories.

“I’m so proud of our team at Warner/Chappell Production Music and our worldwide partners for the wins at The 2016 Mark Awards," says Randy Wachtler, President & CEO of Warner/Chappell Production Music.

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WMG Acquisition Corp. Announces Expiration and Final Results of Cash Tender Offers

on October 18, 2016 - 8:00am

Warner Music Group Corp. (“Warner Music Group”) announced today that the previously announced cash tender offers by its wholly owned subsidiary, WMG Acquisition Corp. (“WMG”), expired at 5:00 p.m. New York City time on October 17, 2016. At the expiration time, valid tenders had been received in the amounts set forth in the table below.

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ADA Strengthens Leadership with Addition of Christine Taylor as SVP of Finance

on October 18, 2016 - 12:00am

Alternative Distribution Alliance (ADA) Worldwide, Warner Music Group’s independent distribution and services arm, has hired Christine Taylor to join the company in the newly created role of Senior Vice President, Finance. Taylor reports to Eliah Seton, President of ADA.

Taylor will be charged with oversight of ADA’s worldwide financial systems, including budgeting, forecasting, and financial planning and analysis. She will also explore long-term financial solutions and strategies as ADA plans for future growth.

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