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Warner Music India Launches

on March 9, 2020 - 9:37am

Warner Music Group today announced the expansion of its presence in India, through the launch of its newest affiliate. Widely respected leader and executive Jay Mehta has been named the first Managing Director of the new territory. His brief will also cover the other markets in the South Asian Association for Regional Cooperation (SAARC) - Afghanistan, Bangladesh, Bhutan, the Maldives, Nepal, Pakistan and Sri Lanka. Based in Mumbai, Mehta will report to Alfonso Perez-Soto, EVP, Eastern Europe, Middle East, Africa and India.

This is the latest example of Warner Music Group’s long-term

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Warner Music Group Files Registration Statement For An Initial Public Offering

on February 6, 2020 - 5:19pm

Warner Music Group Corp. (“Warner Music Group”) today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (“SEC”) for a proposed initial public offering (“IPO”) of its common stock.  The shares of common stock to be sold in this offering are proposed to be sold by certain of Warner Music Group’s stockholders.  The number of shares of common stock to be offered and the price range for the proposed offering have not yet been determined.

 

Morgan Stanley, Credit Suisse and Goldman Sachs & Co.

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Warner Music Group Corp. Reports Results for Fiscal First Quarter Ended December 31, 2019

on January 31, 2020 - 12:00am
  • Total revenue grew 4.4% or 5.5% in constant currency
  • Digital revenue grew 12.6% or 13.5% in constant currency
  • Net income was $122 million versus $86 million in the prior-year quarter
  • OIBDA was $236 million versus $215 million in the prior-year quarter

Warner Music Group Corp. today announced its first-quarter financial results for the period ended December 31, 2019.

"Our Q1 results were very strong.  We achieved the highest quarterly revenue in our sixteen-year history as a stand-alone company.

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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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New Leadership for Warner Music’s Artist Services Team in London

on January 15, 2020 - 4:37am

Warner Music has announced a new dual leadership for its international Artist Services team based in London. Morgan Hughes steps up to the new role of Head of Creative and Russell Fogden joins from Bravado as Head of Commercial.

Artist Services is a division of WEA, Warner Music’s global artist and label services arm, and it supports artists in areas including direct-to-fan sales, merchandising, ticketing, website design and VIP fan club experiences.

Fogden and Hughes will be based in Warner Music’s London offices and report to Emmy Lovell, EVP, WEA Europe.

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