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Caitlin.House@wmg.com's blog

R&R Records Sets Joint Venture with Warner Bros. Records

on April 9, 2019 - 3:24pm

Label Founded in 2016 by Ben Persky and Mason Klein

First Signings are Dijon and Wens

R&R Records has inked a joint venture with Warner Bros. Records (WBR), it was announced today by WBR Co-Chairman & CEO Aaron Bay-Schuck and R&R founders Ben Persky, Mason Klein, and Will Perliter. Based in L.A., R&R was launched in 2016 with the goal of providing an alternative approach for independent artists, focusing on an aggressive digital strategy. In its first two years, the label amassed a quarter billion streams, introducing artists such as Mt. Joy and Sorcha Richardson.

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Warner Music Group Strikes Innovative Deal with Nigeria’s Leading Label Chocolate City

on March 28, 2019 - 11:58am

Partnership Creates New Opportunities for African Talent Around the World, as well as for Global Superstars in Africa

Warner Music Group (WMG) has announced a pioneering partnership with Chocolate City, the most influential independent record label in Nigeria. The partnership will dramatically grow the reach of African artists around the world, and will create new opportunities for global superstars in the region. Chocolate City will continue to be led by Co-Founders Audu Maikori and Paul Okeugo, and EVP of Imprints, Jude Abaga, and Aibee Abidoye, EVP of Recorded Music.

Chocolate City is home

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An Open Letter to Songwriters from Carianne Marshall

on March 15, 2019 - 12:45pm

Hello,

You may have heard about the tech companies’ appeal of a recent CRB ruling, and we wanted to make sure you were clear on our stance on this crucial issue.

Last year, the Copyright Royalty Board (CRB) granted an increase of the compulsory mechanical rates paid to songwriters - from 10.5% to 15.1% over the next five years. The decision came after rigorous consultation with many parties, including a wide range of tech companies, as well as songwriters and music publishers. There were strong arguments made on both sides, and the resulting rate increase was fair as well as overdue.

That is

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Warner Music Group Corp. Reports Results for Fiscal First Quarter Ended December 31, 2018

on February 5, 2019 - 1:00am
  • Total revenue grew 15.1% or was up 17.8% in constant currency
  • Digital revenue grew 17.6% or was up 19.9% in constant currency
  • Net income was $86 million versus $5 million in the prior-year quarter
  • OIBDA was $215 million versus $155 million in the prior-year quarter

Warner Music Group Corp. today announced its first-quarter financial results for the period ended December 31, 2018. 

“I’m pleased that we are off to a great start for fiscal ‘19,” said Steve Cooper, Warner Music Group’s CEO.

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Warner Music Group Corp. To Conduct Earnings Conference Call On Tuesday, February 5, 2019

on January 31, 2019 - 10:04am

Warner Music Group Corp. will release its financial results on Tuesday, February 5, 2019, for the first quarter ended December 31, 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 Thursday, March 7, 2019 at 11:59 p.m.

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