Warner Music Group is a music company with the interests of recording and publishing music, and artist services. The Company operates in two segments, Recorded Music and Music Publishing. The Recorded Music segment is involved in the discovery and development of artists, as well as the related marketing, distribution, and licensing of recorded music produced by such artists. This segment also specializes in marketing its music catalog through compilations and reissuances of previously released music and video titles. The Music Publishing segment owns and acquires rights to approximately one million musical compositions comprising pop hits, American standards, folk songs, and motion picture and theatrical compositions.

TypeSubsidiary
HQNew York, US
Founded1958
Websitewmg.com
Warner Music Group was founded in 1958 and is headquartered in New York, US
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Key People/Management at Warner Music Group

Stu Bergen

Stu Bergen

CEO, International and Global Commercial Services
Mike Caren

Mike Caren

CEO of Artist Partners Group and Creative Officer
John Esposito

John Esposito

Chairman & CEO
Tom Corson

Tom Corson

Co-Chairman & COO
Julie Greenwald

Julie Greenwald

Chairman & COO
Tim Fraser-Harding

Tim Fraser-Harding

President, Global Catalog, Recorded Music
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Warner Music Group Office Locations

Warner Music Group has an office in New York
New York, US (HQ)
1633 Broadway
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Warner Music Group Financials and Metrics

Summary Metrics

Founding Date

1958

Warner Music Group Revenue

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Warner Music Group's revenue was reported to be $3.58 b in FY, 2017 which is a 10.2% increase from the previous period.
Annual
USDFY, 2016FY, 2017

Revenue

3.2 b3.6 b

Revenue growth, %

10%

Cost of goods sold

1.7 b1.9 b

Gross profit

1.5 b1.6 b
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

917 m825 m917 m1 b963 m3 b

Cost of goods sold

496 m415 m519 m569 m488 m1.6 b

Gross profit

421 m410 m398 m476 m475 m1.4 b

Gross profit Margin, %

46%50%43%46%49%46%
Annual
USDFY, 2016FY, 2017

Cash

359 m647 m

Accounts Receivable

329 m404 m

Prepaid Expenses

51 m44 m

Inventories

41 m39 m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

455 m476 m567 m776 m612 m905 m

Accounts Receivable

384 m361 m380 m499 m42.7 m

Prepaid Expenses

59 m57 m57 m47 m62 m

Inventories

36 m36 m38 m38 m39 m40 m
Annual
USDFY, 2016FY, 2017

Net Income

30 m149 m

Depreciation and Amortization

293 m251 m

Inventories

1 m

Accounts Payable

23 m48 m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

24 m44 m187 m5 m4 m325 m

Depreciation and Amortization

63 m126 m190 m65 m134 m205 m

Inventories

3 m3 m2 m2 m1 m(1 m)

Accounts Payable

(12 m)(43 m)(55 m)(23 m)(100 m)(84 m)
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Warner Music Group Operating Metrics

FY, 2017

Artwork Copyrights

1 m

Countries

51

Songwriters and Composers

70 k
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Warner Music Group Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Uproxx Media Group (35)August 03, 2018

Warner Music Group Revenue Breakdown

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Warner Music Group revenue breakdown by business segment: 15.9% from Music Publishing and 84.1% from Recorded Music

Warner Music Group revenue breakdown by geographic segment: 41.0% from All Other Territories, 14.6% from United Kingdom and 44.4% from United States

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Warner Music Group Online and Social Media Presence

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Warner Music Group News and Updates

Warner Music Group acquires Uproxx

Uproxx Media Group — owner of sites like HitFix, Dime and Uproxx itself — has been acquired. The Uproxx site focuses on entertainment and pop culture news, and was founded back in 2008. It was bought by Woven Digital in 2014, which eventually rebranded as Uproxx. Like many digital media companies, i…
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Warner Music Group Company Life and Culture

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