Company
Warner Music Group Corp.
Headquarters: New York, NY, United States
Founded: April 6, 1958
Employees: 5,900
CEO: Mr. Stephen Forbes Cooper
Market Cap
$15.86 Billion
USD as of July 1, 2024
Warner Music Group Corp. Categories
United States Communication Services EntertainmentUnited States Communication Services United States Entertainment
Top Competitors by Market Capitalization
Detailed Description
Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. The company operates through Recorded Music and Music Publishing segments. The Recorded Music segment is involved in the discovery and development of recording artists, as well as related marketing, promotion, distribution, sale, and licensing of music created by such recording artists; markets its music catalog through compilations and reissuances of previously released music and video titles, as well as previously unreleased materials; and conducts its operation primarily through a collection of record labels, such as Warner Records and Atlantic Records, as well as Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Spinnin' Records, Warner Classics, and Warner Music Nashville. This segment markets, distributes, and sells music and video products to retailers and wholesale distributors; independent labels to retail and wholesale distributors; and various distribution centers and ventures, as well as retail outlets, online physical retailers, streaming services, and download services. The Music Publishing segment owns and acquires rights to approximately one million musical compositions comprising pop hits, American standards, folk songs, and motion picture and theatrical compositions. Its catalog includes approximately 100,000 songwriters and composers; and various genres, including pop, rock, jazz, classical, country, R&B, hip-hop, rap, reggae, Latin, folk, blues, symphonic, soul, Broadway, electronic, alternative, and gospel. This segment also administers the music and soundtracks of various third-party television and film producers and studios. The company was founded in 1929 and is headquartered in New York, New York.
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Stocks & Indices
Warner Music Group Corp. has the following listings and related stock indices.
Stock: NASDAQ: WMG wb_incandescent
Stock: Bovespa: W1MG34 wb_incandescent
Stock: FSX: WA4 wb_incandescent
Key People
Founder(s): Warner Bros.
Stephen Cooper (CEO) Michael Lynton (chairman) Len Blavatnik (vice chairman)
Financials
Revenue: US$5.301 billion (2021)US$4.463 billion (2020)
Operating income: US$0.609 billion (2021)US$0.229 billion (2020)
Net income: US$0.307 billion (2021) US$0.470 billion (2020)
Total assets: US$7.211 billion (2021)US$6.410 billion (2020)
Total equity: US$0.046 billion (2021)US$0.045 billion (2020)