Welcome to our dedicated page for Warner Music Group news (Ticker: WMG), a resource for investors and traders seeking the latest updates and insights on Warner Music Group stock.
Warner Music Group Corp. (WMG) delivers comprehensive music industry leadership through its recorded music and publishing divisions. This news hub provides investors and industry professionals with essential updates on financial performance, artist partnerships, and strategic initiatives shaping the global music market.
Access real-time insights into WMG's earnings reports, catalog acquisitions, licensing agreements, and technology integrations. Our curated news collection tracks the company's navigation of digital transformation, copyright management innovations, and international market expansions.
Stay informed about critical developments including label partnerships, streaming platform collaborations, and intellectual property portfolio growth. Content spans quarterly financial disclosures, executive leadership updates, and analysis of WMG's competitive positioning against industry trends.
Bookmark this page for verified updates directly from corporate filings and authorized news sources. Regularly refreshed content ensures stakeholders maintain current understanding of WMG's operational strategies and market opportunities.
Warner Music Group Corp. (WMG) has declared a quarterly cash dividend of $0.12 per share on its Class A and Class B Common Stock, totaling approximately $61.2 million. This dividend will be payable on December 1, 2020, to stockholders recorded as of November 24, 2020. The company continues to operate globally, maintaining a strong portfolio of music labels and a vast catalog of over 1.4 million compositions, showcasing its substantial presence in the music industry.
Warner Music Group Corp. (WMG) has announced a private offering of $250 million in additional 3.000% Senior Secured Notes due 2031. Priced at 97.501% of face value, these notes are part of a previous issuance of $550 million notes made on August 12, 2020. The proceeds from this offering will primarily fund acquisitions and may be used for redemption purposes as well. The offering is expected to close by November 2, 2020, following standard closing conditions.
Warner Music Group Corp. (WMG) has initiated a private offering of $250 million in additional 3.000% Senior Secured Notes due 2031. This follows the $550 million issuance of the Original Notes on August 12, 2020. The offering is aimed at qualified institutional buyers and will support acquisitions and potential redemptions of existing notes. Notably, the Additional Notes will not be registered under the Securities Act, restricting their sale within the U.S. This financial maneuver reflects WMG's strategic plans for growth and investment.
Warner Music Group (WMG) announced that CEO Steve Cooper will participate in a question and answer session at the Goldman Sachs 29th Annual Communacopia Conference on September 17, 2020, at 1:15 p.m. ET. A live webcast will be available on WMG's Investor Relations homepage, and a replay will be accessible in the Past Events section. WMG has a rich history of over 200 years, operating in 70+ countries and encompassing renowned labels and a diverse music publishing catalog of over 1.4 million compositions.
Warner Music Group Corp. (WMG) has declared a regular quarterly cash dividend of $0.12 per share on its Class A and Class B Common Stock, totaling approximately $61.2 million. The dividend is scheduled for payment on September 1, 2020, to stockholders on record as of August 25, 2020. This decision reflects WMG's ongoing commitment to return value to its shareholders and confidence in its financial stability.
Warner Music Group Corp. (WMG) announced a private offering of $550 million in 3.000% Senior Secured Notes due 2031, set to close on August 12, 2020. The offering is exempt from the registration requirements of the Securities Act and targets qualified institutional buyers. Proceeds will partially repay a senior term loan, cover related fees, and support general corporate purposes. The notes are not registered under the Securities Act and cannot be sold in the U.S. without registration or exemption. This strategic move aims to optimize WMG's financial position.
Warner Music Group (WMG) announced a private offering of $550 million in senior secured notes due February 15, 2031. The notes are exempt from registration under U.S. Securities Act and will be offered to qualified institutional buyers and certain offshore purchasers. Proceeds will be utilized to repay a portion of its senior term loan facility, cover related fees, and support working capital and general corporate purposes. These notes are unregistered and cannot be sold in the U.S. without registration or an exemption.
Warner Music Group reported third-quarter results for the period ended June 30, 2020. Overall, total revenue declined by 4.5% to $1.01 billion, while digital revenue surged 11.1% to $720 million. The company faced a net loss of $519 million, a stark contrast to last year’s net income of $14 million. Adjusted OIBDA was $166 million, up 12% year-over-year. The decline in revenue was attributed to COVID-19 disruptions and reduced physical sales. Despite challenges, management expressed confidence in their digital transformation and artist development strategies.
Warner Music Group will report its financial results for Q3 2020 on August 4, 2020, covering the period ended June 30, 2020. An earnings update conference call will occur at 8:30 a.m. ET, accessible via phone or webcast. The company operates globally in over 70 countries, with a diverse Recorded Music division and a vast music publishing catalog exceeding 1.4 million compositions. WMG is committed to connecting artists and culture worldwide.
Warner Music Group (WMG) has announced the pricing of €325 million in 2.750% senior secured notes due 2028. The offering is set to close on June 29, 2020. Proceeds from this issuance, along with previous notes amounting to $535 million due 2030, are aimed at repaying outstanding secured notes due 2023 and 2024. The offering is only available to qualified institutional buyers and will not be registered under the Securities Act. Forward-looking statements indicate various risks that may affect WMG's future financial results.
