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Stephanie.Briffa@wmg.com's blog

Warner Music Group Corp. Announces Launch of Initial Public Offering

on May 26, 2020 - 6:21am

Warner Music Group Corp. (the “Company”) announced today that it has launched the initial public offering of 70,000,000 shares of its Class A common stock pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission (“SEC”). The initial public offering price is expected to be between $23.00 and $26.00 per share. The offering consists entirely of secondary shares to be sold by Access Industries, LLC and certain related selling stockholders.

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Warner Music Group Corp. Reports Results for Fiscal Second Quarter Ended March 31, 2020

on May 7, 2020 - 7:30am
  • Digital revenue grew 5.7% or 7.4% in constant currency
  • Total revenue was down 1.7% compared to the prior year-quarter or flat in constant currency
  • Net loss was $74 million versus net income of $67 million in the prior-year quarter
  • OIBDA was $12 million versus $191 million in the prior-year quarter

 

Warner Music Group Corp. today announced its second-quarter financial results for the period ended March 31, 2020.

“We had a tough comparison with an especially strong Q2 in 2019, so I’m pleased that we’ve matched our excellent performance in the prior-year quarter, due in large part to an 11%

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Warner Music Group Corp. to Conduct Earnings Conference Call on Thursday, May 7, 2020

on May 4, 2020 - 5:06pm

Warner Music Group Corp. will release its financial results on Thursday, May 7, 2020, for the second quarter ended March 31, 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. You will be able to replay the conference call up until Saturday, June 6, 2020 at 11:30 a.m.

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Warner Music Group Artists and Songwriters Join Together for the First-Ever PlayOn Fest, A Virtual Music Festival Supporting the COVID-19 Solidarity Response Fund for the World Health Organization

on April 22, 2020 - 3:12pm

Warner Music Group today announced the first-of-its-kind virtual music festival, PlayOn Fest supporting the COVID-19 Solidarity Response Fund for the World Health Organization (WHO), powered by the UN Foundation. As part of a spectacular three-day live streaming event, PlayOn Fest promises to bring energy and high production values from world class stages (including Coachella, Sydney Opera House, Lollapalooza, Apollo Theater, Bonnaroo, The O2 Arena, Primavera Sound, Red Rocks Amphitheater, Rock In Rio, Global Citizen Festival, and more) to music fans hungry for communal live experiences.

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Warner Music Group Corp. to Conduct Earnings Conference Call on Friday, January 31, 2020

on January 27, 2020 - 4:56pm

Warner Music Group Corp. will release its financial results on Friday, January 31, 2020, for the first quarter ended December 31, 2019, 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 Monday, March 2, 2020 at 11:59 p.m.

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