July 27, 2016 5:14 AM ET

Media

Company Overview of Warner Music Group Corp.

Company Overview

Warner Music Group Corp. operates as a music-based content company in the United States and internationally. The company operates through 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. This segment also specializes in marketing its music catalog through compilations and reissuances of previously released music and video titles. It conducts its operation primarily through record labels, such as Warner Bros. Records and Atlantic Records, as well as Asylum, Big Beat, Canvasback, Eastwest, Elektra, Erato, FFRR, ...

1633 Broadway

New York, NY 10019

United States

Founded in 1929

4,211 Employees

Phone:

212-275-2000

Key Executives for Warner Music Group Corp.

Chief Executive Officer, President and Director
Age: 70
Chief Financial Officer and Executive Vice President
Age: 54
Chairman, Chairman of Warner Bros. Records and Chief Executive Officer of Warner Bros. Records
Age: 50
Chief Executive Officer of International and Global Commercial Services - Warner Recorded Music
Age: 50
Chairman of Warner Music Nashville, Chief Executive Officer of Warner Music Nashville and President of Warner Music Nashville
Age: 60
Compensation as of Fiscal Year 2016.

Warner Music Group Corp. Key Developments

Warner Music Group Corp. Announces Launch of Senior Secured Notes Offering

On July 21, 2016, Warner Music Group Corp. announced that through its wholly owned subsidiary, WMG Acquisition Corp., it intends to commence a private offering of senior secured notes. The Notes will be offered in a private offering exempt from the registration requirements of the United States Securities Act of 1933, as amended. The Notes will be offered only to qualified institutional buyers pursuant to Rule 144A and to certain persons outside the United States pursuant to Regulation S, each under the Securities Act. The Company intends to use the proceeds of the Offering to repay a portion of the term loans under the Company's senior credit facilities. The Notes have not been registered under the Securities Act and may not be offered or sold within the United States absent registration or an applicable exemption from the registration requirements.

Warner Music Group Corp. Provides Consolidated Earnings Guidance for the Three Months Ended June 30, 2016

Warner Music Group Corp. provided consolidated earnings guidance for the three months ended June 30, 2016. For the three months ended June 30, 2016, consolidated revenue is estimated to have been in a range of approximately $800 million to $820 million, compared to $710 million for the three months ended June 30, 2015. OIBDA is estimated to have been in a range of approximately $115 million to $125 million, compared to $100 million for the three months ended June 30, 2015.

Warner Music Group Promotes Aton Ben-Horin to Global Vice President of A&R

Warner Music Group announced the promotion of Aton Ben-Horin to global vice president of A&R. In this newly created position, Ben-Horin will continue to provide A&R resources and creative support across WMG's recorded music labels, including Atlantic and Warner Bros. Records, as well as its international affiliates. He will also assist in the development of new talent and existing signings by helping to identify songs, songwriters and producers, in collaboration with WMG's A&R executives around the world. Ben-Horin was previously Senior Director, Global A&R, WMG. He will continue to report to Mike Caren, Creative Officer, WMG.

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