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Warner Music GroupNASDAQ: WMG

Profile

Industry:

Entertainment

Country:

United States

IPO:

03 June 2020

Next earnings report:

21 November 2024

Last dividends:

27 August 2024

Next dividends:

N/A
$16.68 B
-33%vs. 3y high
86%vs. sector
-63%vs. 3y high
68%vs. sector
-95%vs. 3y high
99%vs. sector
-45%vs. 3y high
75%vs. sector

Price

after hours | Fri, 01 Nov 2024 20:19:46 GMT
$32.21+$0.25(+0.78%)
$1.55 B$1.59 B
$1.55 B$139.00 M

Analysts recommendations

Institutional Ownership

WMG Latest News

Warner Music Hit By Streaming Volatility And Execution Risks: Analyst
benzinga.com04 October 2024 Sentiment: NEGATIVE

BofA Securities analyst Jessica Reif Ehrlich downgraded Warner Music Group Corp WMG from Neutral to Underperform and lowered the price target from $33 to $30.

ATLANTIC MUSIC GROUP BEGINS NEW ERA
prnewswire.com23 September 2024 Sentiment: POSITIVE

Focus on cultural impact and creative expertise New leadership empowered at Atlantic, 300 Entertainment, and 10K Projects Key moves include promotions of Lanre Gaba and Erica Bellarosa, appointment of Dave Rocco, and elevation of Craig Kallman NEW YORK , Sept. 23, 2024 /PRNewswire/ -- Today, Atlantic Music Group (AMG), part of Warner Music Group (Nasdaq: WMG), unveiled its dynamic new leadership team and structure.

Warner Music Expands Layoffs in Restructuring Push
investopedia.com20 September 2024 Sentiment: NEGATIVE

Warner Music Group (WMG) said it is going to expand its planned layoffs as part of an updated restructuring plan aimed at freeing up cash to boost its core music operations.

Warner Music slashing 750 jobs — or 13% of workforce — in major restructuring
nypost.com19 September 2024 Sentiment: NEGATIVE

In February, Warner Music, home to artists such as Dua Lipa and Teddy Swims, said that it would cut 600 employees - about 10% of its workforce.

Warner Music Group Corp. Announces Quarterly Cash Dividend
globenewswire.com15 August 2024 Sentiment: POSITIVE

NEW YORK, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (“Warner Music Group” or “WMG”) today announced that its Board of Directors declared a regular quarterly cash dividend of $0.18 per share on WMG's Class A Common Stock and Class B Common Stock. The dividend is payable on September 4, 2024, to stockholders of record as of the close of business on August 27, 2024.

Big 3 Music Giant Warner: Streaming Boom Sends Shares Higher
marketbeat.com08 August 2024 Sentiment: POSITIVE

Warner Music Group NASDAQ: WMG is in the communication services sector and is one of the “Big 3” companies in the music recording and publishing industry, including Sony Music Group and Universal Music Group OTCMKTS: UMGNF.

Warner Music up 4% on 'steady-as-she-goes' Q3 update
proactiveinvestors.com07 August 2024 Sentiment: POSITIVE

Shares in Warner Music Group Corp. were ahead 4% in premarket trading after the label's earnings matched market expectations and it reiterated guidance for the year.

WARNER MUSIC GROUP ANNOUNCES REORGANIZATION OF RECORDED MUSIC OPERATIONS
prnewswire.com01 August 2024 Sentiment: POSITIVE

After Two Highly Successful Decades at WMG, Max Lousada Announces Decision to Step Down at End of Fiscal Year Creative Regional Leadership to Be Elevated Through Flatter Structure; Greater Impact Through Globalized Services Elliot Grainge Becomes CEO of Atlantic Music Group at Beginning of Fiscal Year 2025; Julie Greenwald to Take New Role as Chairman of Atlantic Music Group NEW YORK ,  August 1, 2024 /PRNewswire/ -- Warner Music Group (Nasdaq: WMG) today unveiled a dynamic new structure for its Recorded Music operations, designed to strengthen services to artists at every stage of their careers, create more direct channels between local expertise and global opportunities, and position the company for long-term growth. As part of this reorganization, Max Lousada , CEO, Recorded Music, has decided to step down at the end of the fiscal year (September 30), after eight highly successful years in the role, and 20 years at WMG.

Warner Music drops plans to bid for France's Believe
Reuters06 April 2024 Sentiment: POSITIVE

Warner Music Group will not submit an offer to acquire French digital music company Believe , the music label said in a statement on Saturday.

US Supreme Court may dump Warner Music dispute over copyright damages
Reuters21 February 2024 Sentiment: POSITIVE

U.S. Supreme Court justices signaled on Wednesday they may dismiss a legal fight between a Miami music producer and Warner Music over a song by rapper Flo Rida.

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What type of business is Warner Music Group?

Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. It 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 150,000 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.

What sector is Warner Music Group in?

Warner Music Group is in the Communication Services sector

What industry is Warner Music Group in?

Warner Music Group is in the Entertainment industry

What country is Warner Music Group from?

Warner Music Group is headquartered in United States

When did Warner Music Group go public?

Warner Music Group initial public offering (IPO) was on 03 June 2020

What is Warner Music Group website?

https://www.wmg.com

Is Warner Music Group in the S&P 500?

No, Warner Music Group is not included in the S&P 500 index

Is Warner Music Group in the NASDAQ 100?

No, Warner Music Group is not included in the NASDAQ 100 index

Is Warner Music Group in the Dow Jones?

No, Warner Music Group is not included in the Dow Jones index

When was Warner Music Group the previous earnings report?

No data

When does Warner Music Group earnings report?

The next expected earnings date for Warner Music Group is 21 November 2024