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May 05, 2015 1:47 PM ET

Media

Company Overview of Warner Music Group Corp.

Company Overview

Warner Music Group Corp. operates as a music-based content company. It operates in two segments, Recorded Music and Music Publishing. The Recorded Music segment is involved in the discovery and development of artists; and the related marketing, distribution, and licensing of recorded music produced by such artists. It also specializes in marketing its music catalog through compilations and reissuances of previously released music and video titles, as well as in the licensing of recordings to and from third parties for various uses, including film and television soundtracks. This segment conducts its operations primarily through record labels, including Warner Bros. Records and The Atlantic R...

1633 Broadway

New York, NY 10019

United States

Founded in 1929

4,180 Employees

Phone:

212-275-2000

Key Executives for Warner Music Group Corp.

Chief Executive Officer, President and Director
Age: 68
Chief Financial Officer and Executive Vice President
Age: 52
Chief Executive Officer of Word Entertainment and President of Word Entertainment
Atlantic Senior Vice President of A&R & Marketing and President of Elektra
President of Rhino Entertainment
Compensation as of Fiscal Year 2014.

Warner Music Group Corp. Key Developments

Warner Music Group Announces Executive Changes

Warner Music Group has promoted Eliah Seton to president of Alternative Distribution Alliance, or ADA, Worldwide, its independent distribution and services arm. Seton, who has been with the company since 2009, was most recently Senior vice president, International Strategy & Operations, Warner Recorded Music. Based in New York, he will continue to report to Stu Bergen, President, International, Warner Recorded Music. Seton succeeds Mike Jbara, who has moved to the newly created position of Executive vice president, Technology & Business Processes for WMG, reporting to company's CEO Steve Cooper.

Warner Music Group Corp. Names James Steve as Executive Vice President of Communications & Marketing

Warner Music Group Corp. has promoted James Steven to executive vice president, EVP, of communications & marketing. As a member of WMG's senior management team, Mr. Steven, who is based at the company's headquarters in New York, will continue to report to WMG's CEO Steve Cooper. Mr. Steven will be responsible for WMG's worldwide communications and corporate marketing functions, including external and internal communications, investor relations, social responsibility, and special events. He will also oversee the interaction and coordination of the communications functions of WMG's operating companies.

Warner Music Group Corp. Replaces Ernst & Young LLP with KPMG LLP as Independent Registered Public Accounting Firm for the Fiscal Year Ending September 30, 2015

The audit committee of the board of directors of Warner Music Group Corp. completed a competitive process to determine the company's independent registered public accounting firm for the fiscal year ending September 30, 2015. As a result of this process, on February 27, 2015, the committee approved the engagement of KPMG LLP as the company's independent registered public accounting firm for the fiscal year ending September 30, 2015, subject to clearance of KPMG's internal acceptance process. On February 27, 2015, the company informed KPMG of the committee's decision. On February 27, 2015, the company informed Ernst & Young LLP that it was being dismissed as the company's independent registered public accounting firm. The reports of Ernst & Young on the company's consolidated financial statements for the two most recent fiscal years ended September 30, 2014 and September 30, 2013 did not contain an adverse opinion or a disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles.

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