October 21, 2017 11:53 PM 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, the United Kingdom, 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, E...

1633 Broadway

New York, NY 10019

United States

Founded in 1929

4,445 Employees

Phone:

212-275-2000

Key Executives for Warner Music Group Corp.

CEO, President & Director
Age: 71
Executive VP & CFO
Age: 55
CEO of International & Global Commercial Services - Warner Recorded Music
Age: 51
Chairman, CEO & President of Warner Music Nashville
Age: 61
Chairman & CEO of Atlantic Records Group
Compensation as of Fiscal Year 2017.

Warner Music Group Corp. Key Developments

J Rg Mohaupt Resignes from the Board of Directors of Warner Music Group Corp, Effective October 13, 2017

J rg Mohaupt resigned from the Board of Directors and all committees of the Board of Warner Music Group Corp., effective October 13, 2017, to focus on other opportunities. Mr. Mohaupt has served on the Board since 2011.

Warner Music Group Corp. Announces Executive Changes

Cameron Strang resigned from the Board of Directors of Warner Music Group Corp. effective October 1, 2017. The board was increased in size to thirteen directors and Max Lousada and Jon Platt were elected by the company's stockholders, effective October 1, 2017, to fill the vacancy on the Board resulting from such increase and the vacancy resulting from Mr. Strang's resignation. The new directors will hold office until the next annual general meeting of shareholders or until removed from office in accordance with the Company's bylaws. There was no arrangement or understanding between Max Lousada or Jon Platt and any other person pursuant to which either of them were selected as directors. Jon Platt has served as Chairman and CEO of Warner/Chappell Music since May 2016. Mr. Platt served as CEO of Warner/Chappell Music from November 1, 2015 through May 2016. Max Lousada, became CEO, Recorded Music, Warner Music Group, as of October 1, 2017. He will oversee all of the Company's global recorded music operations, including Atlantic, Warner Bros., Parlophone, Warner Music Nashville, Global Catalog/Rhino and Warner Classics, as well as the Company's international Recorded Music affiliates and WMG's Artist & Label Services divisions, WEA and ADA. Mr. Lousada was, for the previous four years, the Chairman & CEO of Warner Music UK, where he was responsible for overseeing the Company's UK family of labels and imprints, including Atlantic Records, Asylum, East West, FFRR, Nonesuch, One More Tune, Parlophone, Reprise, Roadrunner, Rhino and Warner Bros Records, as well as the UK arm of ADA and WMG's Artist & Label Services division. Mr. Lousada previously headed up Atlantic Records UK for nine years, during which time he built an award-winning team and a strong roster of artists, including: Ed Sheeran, Paolo Nutini, James Blunt, Rudimental, Plan B, Lykke Li, Rumer, Marina and the Diamonds and Birdy.

Warner Music Group Corp. Elects Noreena Hertz as Director

Warner Music Group Corp. announced that the board was increased in size to twelve directors and Noreena Hertz was elected by the Company's stockholders, effective immediately, to fill the vacancy on the board resulting from such increase. Ms. Hertz will hold office until the next annual general meeting of shareholders or until removed from office in accordance with the Company's bylaws. There was no arrangement or understanding between Noreena Hertz and any other person pursuant to which she was selected as a director. Noreena Hertz previously served as a director of the company from May 1, 2014 through May 22, 2016. Professor Hertz advises some of the biggest organizations and most senior figures in the world on strategy, decision-making, corporate social responsibility and global economic and geo-political trends. Her best-selling books, Eyes Wide Open, the Silent Takeover and IOU The Debt Threat, have been published in 22 countries.

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