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Inside the Earnings: A Closer Look at Warner Music's Record Quarter
06.02.2020 - 20:46 / billboard.com
Warner Music Group continues to improve its margins and profitability in its fiscal first quarter of the year, a quarter that the company said was the highest in its history as a stand-alone company, which began in 2004 when Time Warner sold off WMG to a private equity consortium which in turn sold the company in 2011 to Len Blavatnik's Access Industries.
WMG posted $122 million in net income on $1.256 billion in revenue, for the three-month period ended Dec. 31. That represents a nearly 42%
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elle.com
21.02.2020 / 21:51
Inside Rihanna's 32nd Birthday Blowout in Mexico: Tequila, Dancing, and Mariachis
Rihanna, supremely wealthy businesswoman and pop star, is going big for her 32nd birthday. E! got details about the party Rihanna had last night during her birthday getaway in Mexico, because of course RiRi had the fête abroad in some place warm: Why freeze in New York City or London when you can dance in the heat with mariachis?It was a grand ol' time, a source told the outlet, and it's not over yet.
billboard.com
21.02.2020 / 19:26
Executive Turntable: New A&R Directors at Warner Music Asia, Warner Chappell Nashville
David Stouck has been named regional director, A&R at Warner Music Asia, the company was announced Friday (Feb. 21). In his new role, he will oversee A&R operations in 10 markets: China, Hong Kong, Indonesia, Japan, Korea, Malaysia, Philippines, Singapore, Taiwan and Thailand.
billboard.com
20.02.2020 / 21:11
Warner Music Group Set to Go Public With a Board Lacking in Diversity
Warner Music Group's recently-announced plan to go public took the music industry by surprise. One detail included in the company's initial public offering (IPO) should also raise eyebrows: The glaring lack of diversity on its board of directors.Of the combined 18 total executives and board members listed in the company's Feb.
billboard.com
19.02.2020 / 21:41
Inside the Earnings: UMG Is Firing on Full Cylinders Headed Towards 2023 IPO
Universal Music Group is firing on all cylinders as its revenue exploded last year to €7.16 billion ($8.04 billion), an 18.9% increase (15.6% on a constant currency basis) over the previous year when revenue totaled €6.023 billion ($7.15 billion).
billboard.com
14.02.2020 / 03:11
Why Warner Music Is Going Public Now & How No One Saw It Coming
On Feb. 6, in a move that took both Wall Street and the music business by surprise, Warner Music Group filed plans to make a public stock offering underwritten by Morgan Stanley, Credit Suisse and Goldman Sachs. The news came just over a month after WMG competitor Universal Music Group (UMG) finalized plans to sell 10% of its equity to a group led by Tencent Holdings, in a deal that valued the music company at $33.6 billion. WMG
billboard.com
13.02.2020 / 04:11
Lenny Tavarez Inks Record Deal With Warner Music Latina: Exclusive
Lenny Tavarez (born Julio Manuel González Tavárez) has signed an exclusive record deal with Warner Music Latina, Billboard can exclusively reveal. The signing comes on the heels of his just-released collaborative single with Justin Quiles, “La Pared 360."
billboard.com
12.02.2020 / 02:11
Apple Music Hires Warner Music's Jeff Bronikowski for Business Development
Warner Music Group executive Jeff Bronikowski has joined Apple Music, the streaming service has confirmed to Billboard.
hollywoodreporter.com
08.02.2020 / 05:06
What Will Warner Music Be Worth When It Goes Public?
With Warner Music Group's announcement Thursday of plans to go public with an upcoming IPO, now begins a waiting game to see how much of the company will be sold and how the shares will be priced, determining the company's overall valuation.
billboard.com
07.02.2020 / 21:41
What Will Warner Music Be Worth When It Goes Public?
With Warner Music Group's announcement Thursday of plans to go public with an upcoming IPO, now begins a waiting game to see how much of the company will be sold and how the shares will be priced, determining the company's overall valuation.
nme.com
07.02.2020 / 19:46
Warner Music Group are attempting to become a public company once again
The company last went public in 2011
hollywoodreporter.com
07.02.2020 / 10:31
Warner Music Group Plans to Go Public
Warner Music Group on Thursday announced that it has submitted paperwork to begin an initial public offering of its common stock.The number of shares of common stock to be offered and the price range for the proposed offering have not yet been determined. Morgan Stanley, Credit Suisse and Goldman Sachs & Co.
billboard.com
07.02.2020 / 03:21
Warner Music Group Announces Plans to Go Public
Warner Music Group announced on Thursday (Feb. 6) that it has submitted paperwork to begin an initial public offering of its common stock.