Profile
Sector:
Communication ServicesIndustry:
EntertainmentCountry:
United StatesIPO:
03 June 2020Website:
http://www.wmg.comNext earnings report:
08 August 2024Last dividends:
22 May 2024Next dividends:
N/APrice
after hours | Wed, 26 Jun 2024 20:20:00 GMTAnalysts recommendations
Institutional Ownership
WMG Latest News
Warner Music Group will not submit an offer to acquire French digital music company Believe , the music label said in a statement on Saturday.
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.
Warner Music Group Corp. (WMG) came out with quarterly earnings of $0.30 per share, missing the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.23 per share a year ago.
Warner Music Group Corp. is planning to lay off about 600 employees, or around 10% of its workforce, as part of a restructuring plan aimed at freeing up more cash to invest in music and boost growth.
Warner Music announced plans Wednesday to cut 600 employees in the record label conglomerate's latest cost-cutting effort as the company seeks to sell off its entertainment portfolio, following a string of corporate layoffs in the tech industry.
Warner Music is cutting 10% of its workforce in a plan to restructure the company.
Warner Music Group Corp. (WMG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Warner Music Group Corp. (WMG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Warner Music Group Corp. (WMG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Warner Music Group Corp. (NASDAQ:WMG ) Q4 2023 Results Conference Call November 16, 2023 8:30 AM ET Company Participants Kareem Chin - Head of IR Robert Kyncl - CEO Bryan Castellani - CFO Eric Levin - Retiring CFO Conference Call Participants Omar Mejias - Wells Fargo Ben Swinburne - Morgan Stanley Sebastiano Petti - JPMorgan Batya Levi - UBS Benjamin Black - Deutsche Bank Jason Bazinet - Citi Operator Welcome to Warner Music Group's Fourth Quarter Earnings Call for the period and fiscal year ended September 30, 2023. At the request of Warner Music Group, today's call is being recorded for replay purposes, and if you object, you may disconnect at any time.
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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. 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.
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 does Warner Music Group report earnings?
The next expected earnings date for Warner Music Group is 08 August 2024