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June 03, 2015 10:48 AM 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 Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 31, 2015

Warner Music Group Corp. reported unaudited consolidated earnings results for the second quarter and six months ended March 31, 2015. For the quarter, the company reported revenue of $677 million compared to $653 million for the same period of last year. Operating income was $44 million compared to operating loss of $5 million for the same period of last year. Income before income taxes was $13 million compared to loss before income taxes of $62 million for the same period of last year. Net income attributable to company was $18 million compared to loss of $60 million for the same period of last year. Net cash provided by operating activities was $107 million compared to $131 million for the same period of last year. OIBDA was $121 million compared to $74 million for the same period of last year. Capital expenditures were $15 million compared to $18 million for the same period of last year. For the six months, the company reported revenue of $1,506 million compared to $1,468 million for the same period of last year. Operating income was $67 million compared to $10 million for the same period of last year. Loss before income taxes was $19 million compared to loss before income taxes of $106 million for the same period of last year. Net loss attributable to company was $24 million compared to loss of $97 million for the same period of last year. Net cash provided by operating activities was $142 million compared to $79 million for the same period of last year. OIBDA was $223 million compared to $167 million for the same period of last year. Capital expenditures were $39 million compared to $30 million for the same period of last year.

Warner Music Group Corp. to Report Q2, 2015 Results on May 11, 2015

Warner Music Group Corp. announced that they will report Q2, 2015 results at 4:30 PM, US Eastern Standard Time on May 11, 2015

Warner Music Group Corp., Q2 2015 Earnings Call, May 11, 2015

Warner Music Group Corp., Q2 2015 Earnings Call, May 11, 2015

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