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Warner Music Group Corp. Reports Results for the Fiscal Third Quarter Ended June 30, 2013

on August 8, 2013 - 12:00am
  • Total digital revenue grows by 11.7%
  •  Recorded Music revenue up 3.3%
  • OIBDA and OIBDA margin improve
  • Parlophone Label Group acquisition closed on July 1st


Warner Music Group Corp. today announced its fiscal third quarter financial results for the period ended June 30, 2013.

“We recorded a solid quarter, having released several successful albums and delivered strong performance from carryover releases, while continuing to exercise financial discipline and to benefit from the outstanding execution of our operators,” said Stephen Cooper, Warner Music Group’s CEO.

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Total digital revenue grows by 11.7% Recorded Music revenue up 3.3% OIBDA and OIBDA margin improve Parlophone Label Group acquisition closed on July 1st Warner Music Group Corp. today announced its fiscal third quarter financial result

on August 5, 2013 - 12:00am

Warner Music Group Corp. will release its financial results on Thursday, August 8, 2013 for the third fiscal quarter ended June 30, 2013 and will hold an earnings update conference call that morning at 8:30 a.m. ET.

To access the conference call, please dial 888-790-6706 or 517-623-4984. 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 Sunday, September 8, 2013 at 11:59 p.m. ET by dialing 866-468-7674 or 203-369-1453.  The call will also be available via webcast at www.wmg.com

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Warner/Chappell Production Music Names Industry Veteran Randy Wachtler President & CEO, Worldwide

on August 2, 2013 - 12:00am

Warner/Chappell Production Music, Warner Music Group’s production music arm, today announced the appointment of Randy Wachtler as President & CEO. Randy is based in Nashville, TN, and will report to Cameron Strang, Chairman and CEO, Warner/Chappell Music. Wachtler replaces Randy Thornton, who has left the company.

“Randy Wachtler is a world-class music industry veteran, who founded one of the cornerstones of our production music unit,” said Strang.

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Warner/Chappell Music Appoints Times Music in India

on August 2, 2013 - 12:00am

Warner/Chappell Music, the global music publishing arm of Warner Music Group Corp., and Times Music, the music and music IP management business of the Times of India Group, today announced an exclusive licensing deal under which Times Music will represent Warner/Chappell’s rich catalog in India. The agreement will see Times Music managing the rights to Warner/Chappell’s repertoire and driving publishing and synch deals on behalf of a wide array of legendary songwriters, award-winning contemporary hits and influential standards.
 
Cameron Strang, Chairman & CEO, Warner/Chappell said, “India has

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Warner/Chappell Music Signs Worldwide Co-Publishing Agreement with Def Jam Recording Artist Logic

on July 15, 2013 - 12:00am

Warner/Chappell Music, the global music publishing arm of Warner Music Group Corp., today announced that it has signed a worldwide co-publishing agreement with Def Jam recording artist and songwriter Logic. The Maryland-native was recently selected by XXL as one of 2013’s Top 10 Freshmen, a prestigious listing of the year’s most promising up-and-coming hip hop artists. Logic is currently working on his full-length debut album with executive producer No I.D.

Logic said, "I'm very excited to take this next step in my career.

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