Warner Music Group Corp.[7] (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 Warner Bros. Discovery), WMG was publicly traded on the New York Stock Exchange from 2005 until 2011, when it announced its privatization and sale to Access Industries.[8] It later had its second IPO on Nasdaq in 2020, once again becoming a public company.[9] With a multibillion-dollar annual turnover, WMG employs more than 3,500 people and has operations in more than 50 countries throughout the world.[10]
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 operations through its acquisition of Uproxx.
^"Warner Music Group". Warner Music Group. Archived from the original on November 17, 2021. Retrieved November 12, 2021.
^"Tencent Acquires Stake in Newly Public Warner Music Group". Bloomberg News. June 12, 2020. Archived from the original on July 30, 2020. Retrieved August 11, 2020.
^"FORM S-1". Archived from the original on July 26, 2020. Retrieved August 11, 2020.
^"Warner Music Group Tops $4 Billion in Revenue on Strength of Digital, Publishing". Billboard. Archived from the original on April 10, 2019. Retrieved April 3, 2019.
^"Warner Music Group Corp. Reports Results for Fiscal Fourth Quarter and Full Year Ended September 30, 2022 – Warner Music Group Official Blog". Warner Music Group Official Website. November 22, 2022. Archived from the original on November 22, 2022. Retrieved November 22, 2022.
^"Warner Music Group". Fortune. Archived from the original on February 9, 2019. Retrieved February 8, 2019.
^"Warner Music Group Corp. Reports Results for Fiscal First Quarter Ended December 31, 2021". February 8, 2022. Archived from the original on February 9, 2022. Retrieved March 15, 2022.
^Flanagan, Andrew (June 3, 2020). "Warner Music Group Trading On Wall Street, Promises Social Justice Support". NPR. Archived from the original on May 5, 2021. Retrieved June 6, 2020.
^Franklin, Joshua; Nivedita, C (June 3, 2020). "Warner Music strikes a chord as shares pop on Nasdaq debut". Reuters. Archived from the original on March 9, 2021. Retrieved June 6, 2020.
^Christman, Ed (July 20, 2011). "Access Industries Completes Acquisition of Warner Music Group". Billboard. Archived from the original on July 24, 2011. Retrieved January 14, 2012.
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Global Information
US$5.919 billion (2022)