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Caitlin.House@wmg.com's blog

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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Widely Respected Exec To Partner With Co-President Mark Mitchell In Charting Label’s Future

on January 28, 2019 - 12:37pm

Warner Music UK today announced the appointment of Nick Burgess as Co-President of Parlophone Records, effective February 1st. Burgess, who was most recently SVP of A&R at Virgin EMI, will jointly head the label with Mark Mitchell, who has been serving as Co-President of Parlophone since January 2018. Both Burgess and Mitchell report to Max Lousada, CEO of Recorded Music, WMG and Chairman & CEO, Warner Music UK. Together, they will oversee all aspects of Parlophone Records, including A&R, marketing, press, promotion, digital, and design.

Lousada said: “Parlophone has always provided an

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Warner Music Group Corp. Reports Results for Fiscal Fourth Quarter and Full Year Ended September 30, 2018

on December 20, 2018 - 12:00am

·    Total revenue for the full year grew 12.0% or 9.2% in constant currency

·    Digital revenue for the full year grew 20.4% or 18.5% in constant currency

·    Net income for the full year was $312 million versus $149 million in the prior year

·    OIBDA for the full year was $478 million versus $473 million in the prior year

·    Total revenue for the quarter grew 13.3% or 14.8% in constant currency

·    Digital revenue for the quarter grew 21.4% or 23.1% in constant currency

·    Net loss for the quarter was $13 million versus $38 million in the prior-year quarter

·    OIBDA for the

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