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) is a global music entertainment company whose news flow reflects activity across recorded music, music publishing, technology partnerships, capital allocation, and strategic initiatives. As a Nasdaq-listed issuer in the Communication Services sector, Warner Music Group regularly releases earnings updates, dividend announcements, and transaction-related disclosures that are relevant to investors and industry observers.
On this page, readers can follow Warner Music Group news items such as quarterly and full-year financial results, earnings conference call announcements, and Board decisions on regular quarterly cash dividends. These updates are often accompanied by commentary on revenue trends in recorded music and music publishing, including digital and streaming performance, artist services and expanded-rights revenue, and licensing activity.
Warner Music Group’s news also highlights partnerships at the intersection of music and technology. Recent announcements describe collaborations with Suno on licensed AI music models designed to compensate and protect artists and songwriters, and with Stability AI on professional-grade, ethically trained AI tools for music creation. Additional releases cover joint ventures for catalog acquisitions, leadership appointments in regions such as Asia-Pacific and Latin America, and participation in industry-wide sustainability research on live music emissions with MIT Climate Machine and other partners.
For investors, analysts, and music industry professionals, the WMG news feed provides a single stream of company-issued press releases and related coverage, ranging from financial performance and dividends to AI initiatives and environmental studies. Users can return to this page to review historical announcements and monitor how Warner Music Group communicates its strategy, operational developments, and market positioning over time.
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.
Warner Music Group (WMG) has announced that its Executive Vice President and Chief Financial Officer, Bryan Castellani, will participate in a Q&A session at the J.P. Morgan Global Technology, Media and Communications Conference on May 21, 2024, at 10:50 a.m. ET.
The session will be available via a live webcast on WMG's Investor Relations website, with a replay accessible afterward in the Past Events section.
Warner Music Group Corp. declared a regular quarterly cash dividend of $0.17 per share on its Class A Common Stock and Class B Common Stock, payable on June 3, 2024, to stockholders of record as of May 23, 2024.
Warner Music Group Corp. reported solid results for the fiscal second quarter ended March 31, 2024, driven by growth in recorded music and music publishing. Total revenue increased by 7%, with net income reaching $96 million. Operating income decreased by 4% to $119 million, while adjusted OIBDA increased by 9% to $312 million. The company highlighted an acceleration in subscription streaming and revenue growth of 19% in music publishing. WMG reiterated their full-year operating cash flow conversion guidance and remains focused on long-term growth.
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