Company

Warner Music Group Corp.

Headquarters: New York, NY, United States

Founded: April 6, 1958

Employees: 5,900

CEO: Mr. Stephen Forbes Cooper

show_chart NASDAQ: WMG +4.16%

Market Cap

$19.21 Billion

USD as of April 1, 2022

history Market Cap History

Warner Music Group Corp. market capitalization over time

Evolution of Warner Music Group Corp. market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

history Market Cap History of Warner Music Group Corp.

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.

Wikipedia Introduction

Warner Music Group Corp. (d.b.a. Warner Music Group, commonly abbreviated as WMG) is an American multinational entertainment and record label conglomerate headquartered in New York City. It is one of the "big three" recording companies and the third-largest in the global music industry, after Universal Music Group (UMG) and Sony Music Entertainment (SME). Formerly part of Time Warner (now WarnerMedia), WMG was publicly traded on the New York Stock Exchange from 2005 until 2011, when it announced its privatization and sale to Access Industries. It later had its second IPO on Nasdaq in 2020, once again becoming a public company. With a multibillion-dollar annual turnover, WMG employs more than 3,500 people and has operations in more than 50 countries throughout the world. The company owns and operates some of the largest and most successful labels in the world, including Elektra Records, Reprise Records, Warner Records, Parlophone Records (formerly owned by EMI), and Atlantic Records. WMG also owns Warner Chappell Music, one of the world's largest music publishers. Since August 2, 2018, WMG has expanded its business to digital media operation through its acquisition of Uproxx.

Source: Wikipedia, retrieved on March 31, 2022, 9:07 p.m.

Stocks & Indices

Warner Music Group Corp. has the following listings and related stock indices.


Stock: NASDAQ: WMG

Stock: Bovespa: W1MG34

Stock: FSX: WA4

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)

Details

Headquarters:

1633 Broadway

New York, NY 10019

United States

Phone: 212-275-2000