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Warner Music Group

Warner Music Group CEO to Step Down in 2023

Warner Music Group CEO Stephen Cooper will leave the media company next year. In an SEC filing on Wednesday, WMG, home to the likes of Cardi B. and Bruno Mars said it “has begun planning for the succession” of Cooper, who will continue to serve as CEO until his replacement is found and appointed. Cooper, […]

Music Services May Have Less Churn Than Video Streamers, Warner Music CEO Says

Warner Music Group, home to the likes of Cardi B, Ed Sheeran and Bruno Mars, reported higher fiscal second-quarter revenue on Tuesday, driven by digital growth. Earnings for the latest period fell to $92 million from $117 million in the year-ago period, “primarily due to aggregate realized and unrealized losses on the mark-to-market of certain […]

Warner Music Group Launches Podcast Network With Shows Led by Lupita Nyong’o, Jason Derulo

Warner Music Group has launched a podcast network that will include a slate of shows hosted by Lupita Nyong’o, Jason Derulo and Billy Mann. Called Interval Presents, the network is led by Allan Coye, WMG’s senior vp digital strategy and business development, and will focus on developing podcasts with subjects at the intersections of music, […]

Warner Music Earnings Rise, Digital Revenue Jumps

Warner Music Group, home to the likes of Cardi B and Bruno Mars, reported higher fiscal first-quarter earnings on Tuesday. Net income for the latest period, ending on Dec. 31, rose from $99 million to $188 million. Before the market open, the music major also posted a 21 percent increase in revenue for the fiscal […]

Warner Music Group, OneOf Partner on Exclusive NFTs for WMG Catalog

The Quincy Jones-backed NFT platform OneOf and Warner Music Group have announced a partnership to create exclusive NFTs for artists across WMG’s music catalog. It’s a first-of-its-kind preferred partnership that will see the Web3 company, which describes itself as an eco-conscious green NFT platform built for music, joining forces with the major music company — […]

300 Entertainment Launches Film, Content Studio (Exclusive)

300 Entertainment, the label behind Megan Thee Stallion and led by music mogul Kevin Liles, is getting into film and TV content. The content and film division 300 Studios has set as its debut project RACE: Bubba Wallace, a Netflix docuseries about the only full-time African American driver in the NASCAR Cup Series, Bubba Wallace. […]

Music Majors Up, Spotify Down: Audio Entertainment Stocks Dance to Their Own Beat

This past year was a cacophony for audio entertainment stocks. Universal Music Group saw a strong market debut and Warner Music saw a run-up in shares — then analysts grew cautious on both stocks. Meanwhile, SiriusXM was mostly flat and Spotify dropped before finding its rhythm later in 2021. While the growth in music streaming […]

Warner Music Quarterly Financials Rise as Digital Revenue Jumps 19 Percent

Warner Music Group, home to the likes of Cardi B, Ed Sheeran and Bruno Mars, reported higher fiscal fourth-quarter earnings on Monday. Net income for the latest period rose from $1 million to $30 million. Before the market open, the music major also posted a 22 percent increase in revenue for the latest quarter, which […]

Michael Lynton, Josh Berger Join Board of Britain’s Secret Cinema

Warner Music Group chairman and former Sony top executive Michael Lynton and Josh Berger, the former president and managing director of Warner Bros. U.K., Ireland and Spain, are joining the board of British “immersive” movie experience company Secret Cinema with immediate effect. “Both appointees bring with them decades of entertainment experience to Secret Cinema, which […]

Warner Music Partners With Tencent on Joint Venture Record Label in China

A dominant player in digital music in China, Tencent has been licensing songs from Warner Music for over a decade.

Streaming Growth Drives Record Digital Revenues at Warner Music Group

The world's biggest record company, releasing its fourth-quarter results, is benefiting from increased streaming and social media platform revenue during the pandemic.

Warner Music Prices IPO at $25 Per Share, Valuing Company at $12.75 Billion

Warner Music Group priced its much-anticipated initial public offering at $25 per share, valuing the music major at $12.75 billion.