WMG Plans $338M In Major Music Acquisitions
Warner Music Group revealed that its subsidiary WMG Acquisition Corp has raised more than $250 million in capital to help fund a pair of acquisitions worth a total of $338. Continue reading
WMG Posts $519M Q3 Loss, Net Income Falls 53%
Warner Music Group announced Q3 financial results yesterday with total revenue for the period off by 4.5%. Highlights Digital revenue grew 11.1% or 13.4% in constant currency Total revenue was. Continue reading
WMG Stock Surged Another 6.24% As NASDAQ Opened Thursday
Warner Music Group [NASDAQ: WMG] stock surged another 6.24% right after the opening bell in Thurday, trading as high as $32 and up $1.88 on its second day of trading.. Continue reading
WMG Approved For IPO As Saudi Buyout Rumor Swirls
Warner Music Group has been approved to IPO, according to an updated SEC filing. No date for the IPO has been set. Warner confirmed the SEC update in statement: “We. Continue reading
Warner Music IPO Suggests Streaming Price Increase
While Warner Music Group and now UMG’s announcements that they will file for an IPO are not especially surprising, indications in WMG’s filing that an increase in streaming prices could. Continue reading
MON. BRIEF: WMG Surges • Music’s Brexit Fears • Cox Battles $1B Label Settlement • More
MONDAY 2.3.2020 • Music Business News From Across The Web Updated Continuously Under The More News Tab Above
Warner Music Group Reports Solid Q4, Year
Warner Music Group Corp. today annnounced solid Q4 and full-year financial results for the periods ending September 30, 2019. Highlights incude: • Total revenue for the full year grew 11.7%. Continue reading
Warner Music Group 2018 Revenue Tops $4B, Digital Up 20%
Warner Music Group reported 2018 revenue of $4 billion as part a quarterly and year end financial report on Thursday. It marked a 15 year high for the world's third. Continue reading
WMG Launches Multi Million Dollar ‘Boost’ Fund
Warner Music Group has launched WMG Boost, a seed investment fund to support entrepreneurial growth and innovation in the music industry. The multimillion dollar fund will invest in early stage. Continue reading
Court Approves $112M Spotify Artists Compensation Fund Settling Class Action Lawsuit
[UPDATED] The court has approved the settlement of combined class action lawsuits originally brought against Spotify for copyright infringement by musicians David Lowery and Melissa Ferrick. The settlement guarantees an. Continue reading
