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 reported financial results for Q4 and full year 2024. Q4 total revenue increased 3% to $1.63B, while net income decreased 69% to $48M compared to $154M in the prior year. Full-year results showed 6% revenue growth to $6.43B, with net income increasing 9% to $478M. Digital revenue was flat in Q4 but grew 7% for the full year. The company demonstrated strong streaming performance with Music Publishing achieving its fourth consecutive year of double-digit revenue growth. Operating cash flow conversion reached 53%, aligning with guidance.
Warner Music Group (WMG) has announced its Board of Directors' declaration of a regular quarterly cash dividend. Shareholders will receive $0.18 per share on both Class A and Class B Common Stock. The dividend will be paid on December 3, 2024, to stockholders recorded as of the close of business on November 19, 2024.
Warner Music Group Corp. (WMG) has announced its upcoming earnings release and conference call schedule. The company will disclose its financial results for the fourth quarter and fiscal year ended September 30, 2024, on Thursday, November 21, 2024. An earnings conference call is scheduled for the same morning at 8:30 a.m. ET.
Interested parties can register for the call through a provided link, which will furnish them with a dial-in number and personalized pin. WMG recommends calling in 10 minutes before the start time. For those not planning to ask questions, a webcast option is available at www.wmg.com. The conference call replay will also be accessible via the same website.
Atlantic Music Group (AMG), part of Warner Music Group (Nasdaq: WMG), has unveiled a new leadership team and structure to maximize cultural impact and strengthen creative expertise. Elliot Grainge will become CEO of AMG on October 1, succeeding Julie Greenwald. The restructuring empowers dedicated A&R and Marketing teams at Atlantic Records, 300 Entertainment, and 10K Projects.
Key appointments include:
- Lanre Gaba as President of Hip-Hop, R&B, and Global Music at Atlantic Records
- Rayna Bass & Selim Bouab as Co-Presidents of 300 Entertainment
- Nicholas Ziangas and Molly McLachlan as Co-Presidents of 10K Projects
- Craig Kallman elevated to Chief Music Officer for AMG
- Dave Rocco appointed as President of Creative for AMG
Warner Music Group (WMG) has declared a quarterly cash dividend of $0.18 per share on its Class A and Class B Common Stock. The dividend will be paid on September 4, 2024, to stockholders of record as of the close of business on August 27, 2024. This announcement demonstrates WMG's commitment to returning value to shareholders and maintaining a consistent dividend policy. The regular quarterly dividend suggests financial stability and confidence in the company's cash flow generation capabilities.
Warner Music Group Corp. reported its Q3 2024 financial results, showing strong Recorded Music subscription streaming growth and continued momentum in Music Publishing. Despite a 1% decrease in total revenue, the company saw a 14% increase in net income to $141 million and a 10% increase in operating income to $207 million. Adjusted OIBDA rose 6% to $316 million, while cash provided by operating activities increased to $188 million. The company's performance was driven by a robust slate, healthy industry trends, and disciplined cost management. WMG reaffirmed its full-year operating cash flow conversion guidance of 50-60%.
Warner Music Group (WMG) has announced a reorganization of its Recorded Music operations, aimed at strengthening artist services and creating more direct channels between local expertise and global opportunities. Key changes include:
1. Max Lousada, CEO of Recorded Music, will step down at the end of the fiscal year after 20 years with WMG.
2. Julie Greenwald will transition to a new role as Chairman of Atlantic Music Group.
3. Elliot Grainge will become CEO of Atlantic Music Group, effective October 1, 2024.
4. A new, flatter structure will elevate creative regional leadership, with regional and divisional leaders reporting directly to WMG CEO Robert Kyncl.
5. The company will strengthen its central global operations in distribution, Global Catalog, Marketing, and WMX.
Warner Music Group Corp. (WMG) has rescheduled its third quarter earnings release for Wednesday, August 7, 2024, a day earlier than previously announced. The financial results will cover the quarter ended June 30, 2024. An earnings conference call is set for 8:30 a.m. ET on the same day. Interested parties can register for the call to receive dial-in details and a personalized pin. WMG recommends joining 10 minutes before the start time. For those not planning to ask questions, a webcast option is available at www.wmg.com. The call replay will also be accessible via the company's website.
Warner Music Group (WMG) will release its Q3 2024 financial results on August 8, 2024, covering the period ending June 30, 2024. An earnings conference call is scheduled for the same day at 8:30 a.m. ET. Interested parties can register online to receive a dial-in number and personal pin for the call. Participants are advised to join 10 minutes before the start. The call can also be accessed via webcast on the WMG website, with a replay available post-event.
Warner Music Group (Nasdaq: WMG) has appointed Michael Ryan-Southern (MRS) as Executive Vice President of Corporate Development, effective August 5th.
MRS, who has extensive experience in investment, finance, and the music industry, will lead WMG's M&A activities. He will work closely with various departments to identify and acquire companies and catalogs to enhance growth and earnings.
Previously, MRS was Global Head of Music & Live Entertainment Investment Banking at Goldman Sachs and held senior roles at Mubadala Capital and EMI Music Publishing. He will report to WMG CEO Robert Kyncl and be based in New York.
MRS's appointment aligns with WMG's growth strategy and commitment to leveraging opportunities in recorded music, music publishing, and global markets.
MRS expressed excitement about WMG's entrepreneurial spirit and tech-forward approach, looking forward to contributing to the company's vision and evolution.
