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Caitlin.House@wmg.com's blog

Warner Chappell Music and Love Renaissance Announce Leading-Edge Publishing Partnership

on February 17, 2021 - 9:02am

Warner Chappell Music, the global publishing arm of Warner Music Group, has entered into a dynamic publishing partnership with the hit-making record label, Love Renaissance (LVRN). Spearheaded by LVRN founders Tunde Balogun and Justice Baiden, the partnership includes new signings with rising Atlanta star BRS Kash, whose “Throat Baby (Go Baby)” single currently holds the top spot on Urban Radio, as well as Cruel Santino (fka Santi), GMK and Genio Bambino. Warner Chappell has also extended its deal with LVRN artist, songwriter, and global R&B superstar, Summer Walker.

Warner Chappell Music

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Warner Music Group Invests in Rotana Music, Arab World's Leading Independent Label, Part of Rotana Group

on February 16, 2021 - 9:15am

Warner Music Group (WMG) today announced an investment in the Arab world’s leading independent record label, Rotana Music, part of Rotana Group. The deal will expand WMG’s presence in the rapidly growing Middle East and North African (MENA) region, while driving cross-cultural opportunities for the label’s renowned repertoire.

At the same time, it was announced that ADA Worldwide, WMG’s label services division, will distribute Rotana releases globally outside of MENA and via YouTube for the entire world.

Rotana’s portfolio includes many of the most prominent and beloved artists across the

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Warner Music Latina & Warner Records Ink Global Agreement with Musical Phenomenon Myke Towers

on February 11, 2021 - 2:02pm

Warner Latina and Warner Records today announced the signing of an exclusive distribution deal with Puerto Rican musical phenomenon, Myke Towers, and his independent label, Whiteworld Music. The agreement will bring the multi-platinum star’s music to the global stage, adding Warner’s combined international and domestic A&R and marketing firepower to the growth and development of his burgeoning career.

Iñigo Zabala, President of Warner Music Latin America & Iberia, said: “We’re very proud to welcome Myke Towers to the Warner Music family.

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Warner Records and BPG Music Announce Innovative Strategic Partnership

on February 4, 2021 - 9:03am

Warner Records announced today the launch of an innovative strategic partnership with BPG Music, founded by influential industry leaders Gee Roberson and longtime business partner Jean Nelson. BPG Music/Warner Records’ unique approach focuses on providing a gateway for young black artists and entrepreneurs who are looking for the global reach of a major label while retaining their creative autonomy. Alongside their roles as CEOs of BPG Music, Roberson and Nelson also serve as advisors to Warner Records.

“Our goal at BPG/Warner is to discover, mentor, and grow the next generation of musical

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Warner Music Group Corp. Reports Results for the First Quarter Ended December 31, 2020

on February 1, 2021 - 12:00am

Financial Highlights:

  • Generated Highest Quarterly Revenue in History as a Standalone Company    
  • Delivered Double-Digit Digital Revenue Growth Driven by Continued Momentum in Streaming 
  • Increased Revenue Contribution from Emerging Platforms, Unlocking New Value-Creation Opportunities
  • Achieved Strong Year-Over-Year Growth and Margin Expansion in Key Operating Metrics

For the three months ended December 31, 2020

  • Total revenue grew 6% or 4% in constant currency
  • Digital revenue grew 17% or 16% in constant currency
  • Net income was $99 million versus $122 million in the prior-year quarter
  • OIBDA
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