Warner Music Revenue Takes a Hit in Pandemic-Impacted Quarter as Streaming Sees 9% Growth

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

Warner Music Group on Tuesday moved forward with its planned initial public offering, saying it will raise as much as $1.8 billion for shareholders. The company in a regulatory filing said it will offer 70 million shares of Class A common stock at a target price of $23 to $26 per share.

By Jill Goldsmith

By Jem Aswad

Warner Music Group has officially launched its initial public offering on Wall Street.

Take-Two Interactive, the game studio behind the NBA 2K, Grand Theft Auto and Red Dead Redemption properties, on Wednesday reported significant growth in revenue in profits in its fiscal fourth quarter. Earnings were spurred by a gaming boom brought on by the novel coronavirus pandemic, which forced people around the world to spend more time at home.

By Jem Aswad

Since early March, when the Warner Music Group decided to delay the initial public offering it had announced the month before, it had seemed as if the company's plans to go public could be derailed by the COVID-19 pandemic that shut down economies around the world and plunged asset pricing in most capital markets. But now, it seems WMG is forging ahead

Tencent Music Entertainment (TME), the Chinese music streaming company with 657 million monthly listeners, took a hit from the coronavirus pandemic in the first quarter but was able to grow both music subscribers and revenue. According to the company’s earnings report released Monday, Q1 music revenues leapt 27.4% y

Warner Music Group (WMG) is forging ahead with its stock market debut -- amid both the coronavirus pandemic and rumors of its potential acquisition by a Saudi Arabia-controlled fund.In an updated filing with the SEC Thursday (May 7), WMG confirmed that it has been approved to list its shares on the Nasdaq stock exchange in the U.S.

By Jem Aswad

The Warner Music Group posted a $74 million net loss on revenues of $1.071 billion for the three-month period ended March 31, versus a net income of $67 million on $1.09 billion in corresponding year-earlier quarter.

Voz de Mando lead vocalist Jorge Gaxiola has been named AfinArte Music's head of A&R, Billboard can confirm.Gaxiola also co-founded the independent regional Mexican music label whose roster includes chart-topping singer-songwriter El Fantasma, Los Dos Carnales, Los Dos De Tamaulipas, Voz de Mando and Kanales.AfinArte is also betting on fresh talent by signing up-and-coming singer-songwriter Ruben Salazar, who has written songs for Gerardo Ortiz, Julión Álvarez and Banda El Recodo, and rising

This year, Cinco de Mayo is looking quite different for many Latin artists who typically spend the holiday onstage.

By Jem Aswad

By Variety Staff

Latin music's fortunes continued their upward trajectory, with the genre registering its third straight year of growth in the United States and reaching its highest revenues since 2006.According to the RIAA's just-released 2019 Year-End U.S. Latin Music Revenues Report, the US.

Toy manufacturing giant Mattel, Inc.