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 (WMG) announced the launch of a new visual podcast series, Iconic Records: Life After Death, hosted by Angie Martinez. The series, premiering on April 29, 2023, on The Roku Channel, focuses on The Notorious B.I.G.'s final album, coinciding with the 50th anniversary of hip-hop. It consists of eight episodes featuring guests like Lil Cease, Fat Joe, Pusha T, and Rick Ross, who will discuss the album's creation and cultural impact. Viewers can also access the series on YouTube and other audio platforms starting May 1. Ben Blank, President of WMX, emphasized the importance of sharing stories that have influenced generations, marking this series as a significant step in connecting artists with fans.
Warner Music Group Corp. (WMG) is set to announce its financial results for the second quarter ended March 31, 2023, on May 9, 2023. An earnings conference call will commence at 8:30 a.m. ET, allowing investors and analysts to engage with company executives. Participants can register online to receive dial-in details or join via webcast. WMG boasts a rich history of over 200 years and operates in more than 70 countries. Its portfolio includes notable labels and a vast music publishing catalog, reflecting a diverse range of genres. The company continues to innovate within the entertainment sector, highlighting its relevance in the modern music landscape.
Warner Music Group (WMG) announced that CEO Robert Kyncl will participate in a Q&A session at the Morgan Stanley Technology, Media & Telecom Conference on March 8, 2023, at 2:40 PM PT. This session will provide insights into the company's operations and future strategies.
A live webcast will be accessible to the public via the Investor Relations section of WMG's website. Additionally, a replay will be available under Past Events on the same page.
Warner Music Group Corp. (WMG) announced that Eric Levin, Executive Vice President and Chief Financial Officer, will participate in a Q&A session at the Deutsche Bank 31st Annual Media, Internet & Telecom Conference on February 28, 2023, at 10:30 a.m. ET. A live webcast of the session will be accessible to the public via WMG's Investor Relations homepage. Following the event, a replay of the audio webcast will be available in the Past Events section. WMG operates globally in more than 70 countries, encompassing renowned labels and a diverse music catalog exceeding one million copyrights.
Warner Music Group Corp. (WMG) has declared a quarterly cash dividend of $0.16 per share for both Class A and Class B Common Stock. The dividend, payable on March 1, 2023, is for shareholders on record as of the close of business on February 21, 2023. This announcement underscores WMG's commitment to returning value to shareholders amidst its long-standing position in the music industry, housing iconic labels and a vast catalog. The company emphasizes its ongoing effort to maintain regular dividend payments, although investors should consider associated risks related to future dividend sustainability.
Warner Music Group released its first-quarter financial results for the period ending December 31, 2022. Total revenue fell by 8% to $1.488 billion, largely impacted by an extra week in the prior-year quarter. Digital revenue dropped 5% while Music Publishing revenue grew 9%. Net income decreased 34% to $124 million, and adjusted net income was down 51% to $110 million. Despite challenges, operating income rose by 11% to $265 million. Free cash flow surged by 98% to $188 million. Management remains optimistic about future releases and monetization opportunities, driven by a strong release schedule planned for the second half of 2023.
Warner Music Group (NASDAQ: WMG) has announced the launch of Rhythm City, a music-themed social roleplay experience on Roblox, available starting February 4, 2023. Developed in partnership with Gamefam, the platform allows users to engage with artists through social roleplay, enjoy virtual concerts, and participate in mini-music challenges.
This initiative aims to enhance connections between artists and fans in a digital environment, reinforcing WMG's commitment to innovative experiences in the metaverse. Users can choose various roles and explore a vibrant virtual community centered around music.
Warner Music Group has acquired the recorded music rights to YES' complete Atlantic Records catalog, reinforcing their long-standing partnership. The acquisition includes landmark albums such as Fragile and 90125, totaling 12 studio albums, live recordings, and compilations. YES, a rock band renowned for over 30 million albums sold worldwide, continues to influence music culture since their debut in 1969. This deal ensures their iconic music is curated for both existing fans and new audiences. The acquisition, announced on January 23, 2023, marks a significant milestone for both parties.
