Blogs

Warner Music Group Corp. Announces Launch of Initial Public Offering

Submitted by Stephanie.Briff...
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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Duran Duran Inks Worldwide Publishing Agreement with Warner Chappell Music

Submitted by Caitlin.House@w...
on May 21, 2020 - 3:56pm

Administration Deal Covers Majority of Iconic British Group’s Catalog + Future Work

Warner Chappell Music announced today that it has entered into a global publishing agreement with British music icons Duran Duran. The deal calls for Warner Chappell to administer the majority of the award-winning, multi-platinum group’s catalog from 1986 to date, as well as all current and future compositions. Included are acclaimed albums such as Notorious, Duran Duran (The Wedding Album), Astronaut, Red Carpet Massacre, and Paper Gods, encompassing the global hits “Notorious,” “All She Wants Is,” “Ordinary

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Warner Music Partners With Ziiki Media

Submitted by Oliver.Ebdon@wa...
on May 11, 2020 - 5:37am

Warner Music has partnered with Ziiki Media, a music aggregator, distributor and production house that is rapidly expanding its presence in the Indian market. The company specialises in the Punjabi scene, distributing music from local stars including Daler Mehndi, Jasmine Sandlas and J Star.

Punjabi music is popular across the subcontinent, not just with the 125 million Punjabi speakers in India and Pakistan. It’s also had an international impact, not least among the sizable Punjabi diaspora in Canada of some 700,000 people, and significant communities in Australia, the UK and the USA.

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

Submitted by Stephanie.Briff...
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

Submitted by Stephanie.Briff...
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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