Ubuntu Music owes a lot to the co-founder of The Orchard, Scott Cohen, who will once again be going on to even greater heights.
Warner Music Group Reports Modest 10% Revenue Growth For Q1 2022 — As Digital’s Income Share Decreases
Warner Music Group (WMG) posted 10 percent revenue growth for 2022’s first quarter, with digital income having improved by a relatively modest eight percent year over year (YoY).
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Warner Music Group Earnings: Streaming Boosts Label to Record Quarter
Streaming revenue was up 17.5%, but the label expects future growth to come from up-and-coming platforms like Roblox.
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Amazon Partners With Universal and Warner Music to Remaster Songs in Ultra HD
Amazon Partners With Universal and Warner Music to Remaster Songs in Ultra HD
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5 THINGS WE LEARNED FROM WARNER MUSIC GROUP BOSS STEVE COOPER AT HIS GOLDMAN SACHS INTERVIEW
Steve Cooper’s had some interesting years running businesses over the course of his career – but we’d wager nothing could ever top 2020.
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Warner Music Group Launches Initial Public Offering
The company said on Tuesday that 70,000,000 shares of Class A common stock would be made available.
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SAUDI ARABIA TO BUY WARNER MUSIC GROUP IN DEAL WORTH AROUND $12.5BN?
Warner Music Group might not be floating on the stock exchange after all.
The world’s third biggest music rightsholder, which is 100% owned by Len Blavatnik’s Access Industries, may instead be exploring a private sale.
That’s according to a rumor in The Hollywood Reporter, citing a source close to Blavatnik, which suggests that Warner’s billionaire owner may be considering selling the music company to Saudi Arabia’s Public Investment Fund.
If that name rings a bell, it’s probably because the PIF – which invests on behalf of the Saudi government – just bought a 5.7% stake in Live Nation, via the public markets, for a sum worth approximately $500m.
According to THR, Warner Music Group is currently valued at around $12.5bn.
The publication reports that the Saudi fund made an offer to buy a minority stake in WMG for $750m in February, but this was rebuffed as Warner pressed ahead with its plan to IPO.
That plan has, of course, now been delayed due to market volatility caused by the COVID-19 pandemic, which could reportedly put PIF back in the frame.
Warner Music Group posted its calendar Q1 (fiscal Q2) results this morning, with company-wide quarterly revenues of $1.07bn, down slightly on the $1.09bn posted in the prior year quarter.Music Business Worldwide
Warner Music Q3 Revenue Tops $1 Billion as Streaming Enjoys Double-Digit Growth
Warner Music Group continues to enjoy growth fueled by streaming, with revenue reaching $1.06 billion for the three-month period ended June 30, making for a handsome 10.4% increase over the $958 million recorded in the corresponding year-earlier period.
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