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Caitlin.House@wmg.com's blog

Warner Music Group Partners with Chief Blockchain Gaming Developer Splinterlands

on February 23, 2022 - 9:01am

Deal Marks Leading Collectible Card Gaming Company’s First Major Music Partnership

Warner Music Group (WMG) today announced it has entered into a partnership with leading blockchain gaming developer Splinterlands. The first-of-its-kind deal will see the two companies collaborate to give select WMG artists opportunities to create and develop unique, play-to-earn (P2E), arcade-style blockchain games. Splinterlands currently operates the world’s most popular blockchain game dapp (decentralized app), called Splinterlands.

Oana Ruxandra, Chief Digital Officer & EVP, Business Development, WMG said:

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Warner Music Group Corp. Reports Results for Fiscal First Quarter Ended December 31, 2021

on February 8, 2022 - 6:49am

Financial Highlights

  • Generated Record Revenue Underpinned by Strength across Recorded Music and Music Publishing
  • Robust Streaming Performance Driven by Growth across Traditional and Emerging Streaming Platforms
  • Delivered Margin Improvement and Double-Digit Growth in Adjusted OIBDA and Adjusted EBITDA Despite Strong Recovery in Lower-Margin Revenue Streams Impacted by COVID
  • Completed Acquisitions of 300 Entertainment and David Bowie’s Music Publishing Catalog

For the three months ended December 31, 2021

  • Total revenue grew 21% or 22% in constant currency
  • Digital revenue grew 21% or 22% in
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Letter to Songwriters On U.S. Streaming Rates

on February 7, 2022 - 12:38pm

To our Warner Chappell songwriting family, 

As your partners and your champions, we wanted to let you know about a crucial fight that will determine what you make from streaming both now and in the years to come.  

In the U.S., there’s a portion of your revenue from streaming services (such as Spotify, Apple and Amazon) – mechanical revenue – that’s determined every five years by three judges who make up the Copyright Royalty Board (CRB) in Washington, D.C. 

By early next year, in a proceeding known as Phono IV, the CRB will determine the mechanical royalty rates that streaming services will

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Warner Chappell Music Adds Venture Partners to Rich Christina’s SVP of A&R Role

on February 4, 2022 - 9:01am

Warner Chappell Music, the global publishing arm of Warner Music Group, has expanded Rich Christina’s role to Senior Vice President (SVP), A&R and Venture Partners. This new focus provides added structure, organization, purpose and strategy for the department’s growing repertoire of venture partners and their songwriters.

Warner Chappell Music President, North America, Ryan Press, said: “Rich is an expert dealmaker with creative instincts who has had an illustrious career, and this new role sets him up to better connect our writers with our venture partners' rosters through songwriting camps,

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Josh Remsberg Joins Warner Records as SVP, Commercial Revenue

on February 2, 2022 - 9:35am

Josh Remsberg has joined Warner Records as Senior Vice President, Commercial Revenue. Remsberg comes to Warner following two decades at Universal Music Group (UMG), where he most recently served as SVP, Commerce & Business Development at Capitol Records. In his new post, Remsberg reports to Warner Records EVP, Promotion & Commerce Mike Chester and is based at the label’s LA headquarters. He will work closely with Chester in developing and executing the company’s new release and long-term sales strategy and artist campaigns across streaming, digital, and commercial platforms and accounts.

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