Warner Music Group Corp. (WMG)

USD 31.27

(-2.1%)

Market Cap (In USD)

16.19 Billion

Revenue (In USD)

6.42 Billion

Net Income (In USD)

-

Avg. Volume

1.9 Million

Currency
USD
Country
Communication Services
Open
-
Prev. Close
-
Day Range
-
Year Range
27.06-38.05
PE
-
EPS
-
Beta Value
1.365
ISIN
US9345502036
CUSIP
934550203
CIK
1319161
Shares
-
Earnings Annoncement
-

Company Profile

Sector
Communication Services
Industry
Entertainment
CEO
Mr. Robert Kyncl
Employee Count
-
Website
https://www.wmg.com
Ipo Date
2020-06-03
Details
Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. The company operates through Recorded Music and Music Publishing segments. The Recorded Music segment is involved in the discovery and development of recording artists, as well as related marketing, promotion, distribution, sale, and licensing of music created by such recording artists; markets its music catalog through compilations and reissuances of previously released music and video titles, as well as previously unreleased materials; and conducts its operation primarily through a collection of record labels, such as Warner Records and Atlantic Records, as well as Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Spinnin' Records, Warner Classics, and Warner Music Nashville. This segment markets, distributes, and sells music and video products to retailers and wholesale distributors; independent labels to retail and wholesale distributors; and various distribution centers and ventures, as well as retail outlets, online physical retailers, streaming services, and download services. 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. Its catalog includes approximately 100,000 songwriters and composers; and various genres, including pop, rock, jazz, classical, country, R&B, hip-hop, rap, reggae, Latin, folk, blues, symphonic, soul, Broadway, electronic, alternative, and gospel. This segment also administers the music and soundtracks of various third-party television and film producers and studios. The company was founded in 1929 and is headquartered in New York, New York.

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