Warner Music Group Corp - Company Profile
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Warner Music Group Corp (WMG) is a provider of music and entertainment products. It markets, sells and licenses recorded music in various physical and digital formats. The company also owns and acquires rights to musical compositions and exploits and markets these compositions. WMG’s collection of record labels in the music industry includes Atlantic Records, East West, Canvasback, Asylum, FFRR, Fueled by Ramen, Erato, Parlophone, Reprise, Elektra, Nonesuch, Roadrunner, Sire, Rhino, Warner Classics, and Warner Music Nashville, and music publishers, such as Warner Chappell Music. It publishes music across a range of musical styles and holds rights in copyrights from songwriters and composers. The company has a business presence in the US, the UK, Germany, China, Canada, France, Brazil, Australia, South Korea and Japan. WMG is headquartered in New York, the US.
Headquarters
United States of America
Address
1633 Broadway, New York, 10019
Website
www.wmg.com
Telephone
1 212 2752000
No of Employees
5,900
Industry
Media
Ticker Symbol & Exchange
WMG (NASD)
Revenue (2022)
$6.0B
2%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-22%
(2022 vs 2021)
Market Cap*
$16.6B
Net Profit Margin (2022)
XYZ
-23.5%
(2022 vs 2021)
* As of and is in US$
Warner Music Group Corp premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Recorded Music | Marketing, and Licensing of Recorded Music | Warner Bros. |
| Music Albums | Music Publications | The Atlantic Records |
| DVD Products | Streaming and Download Services | Rhino |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
| XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Others | In April, the company withdrew its plans to acquire Believe. |
| 2024 | Acquisitions/Mergers/Takeovers | In March, the company acquired a minority stake in Nika. |
| 2024 | Plans/Strategy | In March, the company announced its plans to acquire France-based, Believe. |
Competitor Comparison
| Key Parameters | Warner Music Group Corp | Universal Music Group Inc | Virgin Records Ltd | Hollywood Records Inc | Kobalt Music Group |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United Kingdom | United States of America | United States of America |
| City | New York | Santa Monica | London | Burbank | New York City |
| State/Province | New York | California | England | California | New York |
| No. of Employees | 5,900 | 9,505 | - | - | - |
| Entity Type | Public | Private | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Michael Lynton | Chairman | Executive Board | 2019 | 63 |
| Robert Kyncl | Chief Executive Officer; Director | Executive Board | 2023 | 52 |
| Bryan Castellani | Chief Financial Officer; Executive Vice President | Senior Management | 2023 | - |
| James Steven | Chief Communications Officer; Executive Vice President | Senior Management | 2015 | 45 |
| Maria Osherova | Executive Vice President; Chief People Officer | Senior Management | 2014 | 57 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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