Warner Music Group Sets IPO Price

LABELS & PUBLISHERSWarner Music is co-producing a film about… of course… you guessed it… tennis. Specifically the story of tennis champion Arthur Ashe – the only black man to ever win the singles title at Wimbledon, the US Open and the Australian Open.

Warner Music Group is trading old debt for new debt with a better interest rate and later due date. The music company is conducting a private offering for $535 million of senior secured notes due in 2030 that it expects to close June 29, it was announced Tuesday (June 16).

Anthony D'Alessandro Editorial Director/Box Office EditorBlacKkKlansman Oscar winner Kevin Willmott is set to write the feature story of Wimbledon tennis champion and African American civil rights activist Arthur Ashe, a project which Ashok Amritraj’s Hyde Park Entertainment Group and Warner Music Group (WMG) are teaming on.It’s a project that’s close to Amritraj’s heart, the Hyde Park producer being a former Wimbledon pro himself.

Naman Ramachandran Universal Music Group (UMG) has expanded its Middle East and North Africa operations by launching new divisions in Morocco and Israel.Universal Music Morocco will operate from Casablanca, led by business development executive Serena Safieddine, who will work alongside UMG’s regional headquarters in Dubai, and report into Patrick Boulos, CEO of Universal Music MENA.The Morocco team will develop projects with Universal Music France, where labels have previously achieved success

Naman Ramachandran Universal Music Group (UMG) has expanded its Middle East and North Africa operations by launching new divisions in Morocco and Israel.Universal Music Morocco will operate from Casablanca, led by business development executive Serena Safieddine, who will work alongside UMG’s regional headquarters in Dubai, and report into Patrick Boulos, CEO of Universal Music MENA.The Morocco team will develop projects with Universal Music France, where labels have previously achieved success

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.

Following last week’s Black Out Tuesday initiative, a new organisation has been formed in the UK seeking to ensure that this time round the commitments made by people and companies in the music industry to address prejudice, discrimination and racism – within the industry and beyond – are actually met.

Pulse Music Group president and head of creative Maria Egan is departing the publisher to pursue a new opportunity, the company officially announced Monday (June 8). Her replacement will be Ashley Calhoun, who has been promoted to senior vp/head of creative. “I have enjoyed an amazing seven years at PULSE and I’m so proud of the world-class roster and team that we b

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

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