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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.
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Warner Music Group Corp. (Nasdaq: WMG) has announced an underwritten secondary offering of 8,562,500 shares of its Class A common stock at $41.00 per share, set to close on January 6, 2022. The offering, led by affiliates of Access Industries, will not include any shares sold by Warner Music Group, meaning the company will not receive any proceeds. Morgan Stanley is acting as the underwriter. A shelf registration statement relating to the stock has been filed and is effective, with related documents available through the SEC.
Warner Music Group Corp. (Nasdaq: WMG) announced the sale of 8,562,500 shares of its Class A common stock by affiliates of Access Industries to Morgan Stanley & Co. LLC, the sole underwriter for this public offering. The Company will not receive any proceeds from this transaction. Shares will be sold on Nasdaq or through negotiated transactions, with the offering subject to Morgan Stanley's discretion. Investors are encouraged to consult the registration statement and prospectus filed with the SEC for detailed information.
Warner Music Group (WMG) announced its acquisition of 300 Entertainment, a leading independent music company known for its roster of top-charting artists including Megan Thee Stallion and Mary J. Blige. Following the acquisition, Kevin Liles, co-founder of 300, will assume the roles of Chairman and CEO for both 300 and Elektra Music Group. This move aims to expand the global reach of 300's artists while maintaining its independent identity. Liles emphasized the importance of creative freedom and expressed confidence in the partnership's potential for growth.
Warner Music Group Corp. (WMG) announced a private offering of $535 million in senior secured notes through its subsidiary, WMG Acquisition Corp. The company plans to use the proceeds for potential acquisitions of music-related assets or for general corporate purposes if acquisitions do not proceed. The notes will be exempt from registration under the Securities Act and offered only to qualified institutional buyers. The company may also redeem portions of the notes before their maturity under specified conditions. Forward-looking statements and associated risks are noted.
Warner Music Group reported a strong Q4 2021, with total revenue growth of 22%, driven by 19% growth in digital revenue. Net income increased to $30 million compared to $1 million a year prior. For the full year, total revenue rose 19%, with digital revenue up 22%. Adjusted OIBDA for Q4 was $218 million, up 25%. The company also reported robust free cash flow of $193 million, a 39% increase year-over-year. Management remains optimistic about 2022's releases and market expansion.
Warner Music Group (WMG) declared a quarterly cash dividend of $0.15 per share on its Class A and Class B Common Stock, totaling approximately $77.2 million. The dividend is set to be paid on December 1, 2021 to shareholders recorded as of November 23, 2021. This reflects WMG's commitment to returning value to shareholders amidst the evolving music industry landscape.
Warner Music Group Corp. (Nasdaq: WMG) is set to release its fourth quarter and fiscal year financial results on November 15, 2021, for the period ending on September 30, 2021. An earnings conference call will follow at 8:30 a.m. ET, accessible via phone or webcast. Interested parties should prepare to dial in 10 minutes early. The conference call replay will be available until December 15, 2021. Warner Music continues to operate across 70 countries, with a diverse array of music labels and a vast catalog of over one million compositions.
Mattel, Warner Music Group, and iHeartMedia launched Barbie Radio, a 24-hour digital station available exclusively on iHeartRadio. The station features Barbie acting as a DJ, playing songs from her extensive catalog, including music from her latest album Barbie: Big City, Big Dreams. This initiative aims to engage children and families while promoting girl empowerment through its content. Barbie Radio can be accessed on various devices, providing an interactive musical experience for fans worldwide.
Warner Music Group has announced a secondary offering of 2,340,000 shares of its Class A common stock, priced at $44.00 per share. The offering, conducted by affiliates of Access Industries, is set to close on September 24, 2021. Warner Music Group will not sell any shares or receive proceeds from this offering. Morgan Stanley is acting as the underwriter. A shelf registration for the common stock has been filed and is effective, with all necessary documents available through the SEC and Morgan Stanley.
Warner Music Group Corp. announced the sale of 2,340,000 shares of its Class A common stock by affiliates of Access Industries to Morgan Stanley as the sole underwriter. The offering will be conducted on Nasdaq and other venues, with no proceeds going to Warner Music Group. The company advises investors to review the registration statement and prospectus filed with the SEC. The press release serves as a notification and not an offer.
