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Caitlin.House@wmg.com's blog

Warner Music Group Corp. Reports Results for Fiscal Fourth Quarter and Full Year Ended September 30, 2020

on November 23, 2020 - 12:00am

Financial Highlights:

  • Continued Momentum in Streaming Highlighted by Sequential Improvement in Revenue Growth
  • Delivered Double-Digit Digital Revenue Growth for the Quarter and Full Year with Digital Revenue Contribution Increasing to 65% of Total Revenue
  • Executed Significant Deals with Key Digital Partners in 2020 and Increased Revenue Contribution from Emerging Platforms, Unlocking New Value-Creation Opportunities
  • Achieved Strong Year-Over-Year Growth and Margin Expansion in Adjusted OIBDA and Adjusted EBITDA

For the three months ended September 30, 2020

  • Total revenue was up 0.2% or down
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Jacob Fain Joins Elektra Music Group as Senior Vice President, A&R and Head of Research & Analytics

on November 19, 2020 - 10:58am

Seasoned executive Jacob Fain has joined Elektra Music Group as Senior Vice President, A&R and Head of Research & Analytics. Fain – who was most recently SVP, A&R and Research/Analytics at Sony/ATV Music Publishing – will bring a rare combination of deep A&R, publishing, and data analytics experience to this newly created role at the company. Based in Los Angeles, he will report to Gregg Nadel, Co-President, Elektra Music Group.

“Discovering and breaking new talent has always been a combination of gut instinct, reading fan reaction, and helping artists bring out their best as performers and

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Atlantic Records, Artist Partner Group and ADA Announce Extension of Partnership

on November 18, 2020 - 12:17pm

Atlantic Records, Artist Partner Group and ADA announced today a new phase of their successful partnership originally formed in 2012. Artists signed under the original agreement will now be brought fully into the Atlantic fold. Artist Partner adds ADA, WMG’s independent artist and label services arm, as an additional channel partner for future signings.

Artist Partner introduced acclaimed and hugely popular artists such as Alec Benjamin, Ava Max, Bazzi, Charlie Puth, Don Toliver, Kehlani, Kevin Gates, Lil Skies, YoungBoy Never Broke Again, and others.

Artist Partner Group was founded as a

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Warner Music Group Corp. To Conduct Earnings Conference Call on Monday, November 23, 2020

on November 17, 2020 - 5:23pm

Warner Music Group Corp. will release its financial results on Monday, November 23, 2020, for the fourth quarter and fiscal year ended September 30, 2020, and will hold an earnings update conference call that morning at 8:30 a.m. ET.

To access the conference call, please dial (833) 646-0491 or (918) 922-6618. The passcode for the call is “Warner Music.” We suggest you call in 10 minutes prior to the start time. If you do not anticipate asking a question, we recommend joining via the webcast at www.wmg.com. You will be able to replay the conference call up until Wednesday, December 23, 2020

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Maria Weaver Named President of WEA, Warner Recorded Music's Global Artist & Label Services Network

on November 16, 2020 - 9:59am

Warner Music Group (WMG) announced today that Maria Weaver has been named President of WEA, Warner Recorded Music's global artist and label services network. Weaver was most recently Senior Vice President & Chief Marketing Officer at Comcast Advertising and previously held senior marketing and creative services posts at Interactive One, HBO, and Showtime. She will be based in New York and report to Max Lousada, Global CEO of Recorded Music for WMG.

Weaver will oversee the array of expertise and resources under the WEA umbrella, including streaming account management & playlisting,

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