Warner Music Group Launches IPO

George Floyd's killing on May 25 and the protests that followed, Universal Music Group, Sony Music Entertainment and Warner Music Group all launched multimillion-dollar initiatives to fight racism and support social justice, with pledges to curb bias endured by black artists, executives and staffers. It’s not the first time the business has tried to tackle these problems.

On June 3, Warner Music Group went public in the year's biggest stock offering, and its share price rose 39% over the next two days. The company itself didn't raise any money — the shares were sold by Len Blavatnik's conglomerate, Access Industries — but it's now worth $18.3 billion based on its $31.05 per share closing price on June 10. After selling $1.86 billion in stock and adding

The Atlas Music Group has cut a global administration and marketing deal with Memory Lane Music Group, a music publishing company named after the song co-written in 1924 by company founder Larry Spier Sr.

press release from Sony Music Group, the company, “will immediately begin to donate to organisations that foster equal rights”.

Warner Music Group (WMG) bosses have set aside $100 million (£79 million) to help combat racism in the music industry.Company officials launched the fund for charitable causes “related to the music industry, social justice and campaigns against violence and racism,” following calls from stars including The Weeknd to take action amid ongoing protests against racial injustice across the U.S.The fund, which has been established in collaboration with the Blavatnik Family Foundation – the charitable

Over the weekend, Universal Music Group chairman and CEO Lucian Grainge announced the company would convene a social justice task force in the wake of nationwide protests prompted by the May 25 killing of George Floyd.

“This fund will support the extraordinary, dedicated organisations that are on the front lines of the fight against racism"

Shares in the Warner Music Group were up 20.5% on the NASDAQ stock exchange at the close of trading Wednesday (June 3), its first day on the market as a public company under Len Blavatnik’s Access Industries. After being priced at $25 this morning, in line with its projected $23-$26 IPO price, and opening at $27, it finished the day at $30.12, according to MarketWatch, for a market capitalization of $15.36 billion and an enterprise valuation of $17.85 billion, when debt is included.

Warner Music Group on Wednesday priced its much-anticipated initial public offering at $25 per share, at the higher end of the $23-$26 range and valuing the company at $12.75 billion. Its stock in early trading went as high as $28.97 after opening up 8 percent at $27.

Lily Allen has accused Warner Music Group (WMG) executives of double standards due to their support of the Blackout Tuesday campaign.

By Geoff Mayfield

Warner Music Group has set its initial public offering (IPO) price at $25 per share. The size of the IPO has been increased from 70 million shares to 77 million shares.

By Jem Aswad

Warner Music Group is expected to officially begin trading later this morning on the Nasdaq exchange with its initial public offering carrying a $25 per-share price, which means that the company is realizing an equation valuation of $12.75 billion.That will make it the largest stock offering so far this year, and according to press reports in financial and business news publications, it instills hope among Wall Street traders that the WMG offering will help break the dam and bring forth more

By Jem Aswad

As protests over the death of George Floyd at the hands of Minnesota police continue across the country, Universal Music Group (UMG) plans to launch a company task force for inclusion and social justice initiatives.Chairman/CEO Lucian Grainge included the task force news in a recent memo to staff, which was first reported by Variety and has been obtained by Billboard. The task force will be led by chief counsel Jeff Harleston.

By Jem Aswad

Detavio Samuels has been named COO at Revolt Media & TV, where he will oversee all aspects of programming and development at the multiplatform hip-hop brand founded by Sean “Diddy” Combs. Samuels will report directly to Revolt CEO Roma Khanna.

By Variety Staff

Having commenced the IPO process, Warner Music Group could borrow a few lines from Michael Bublé, one of its top artists, for final touches on its song to investors: "I promise you, kid, to give so much more than I get." Warner is hoping to get $23 to $26 per share in return for a unique opportunity to invest in the third-largest company in a music