WMG

  1. Warner Music Begins Auctioning Off Assets to Indies Following Parlophone Acquisition

    March 03, 2014 12:55 PM EST The Warner Music Group has begun the process of divesting of some of its artist and catalog holdings to accommodate a deal it made with indie trade organizations Impala and Merlin when it acquired Parlophone Records last February, according t ...

  2. Warner Music Group Promotes Sara Nemerov to SVP/Head of Global Consumer Products and Brand Licensing

    August 30, 2013 1:57 PM EDT Warner Music Group promotes Sara Nemerov to senior VP/head of global consumer products and brand licensing, Billboard has learned. In addition to overseeing consumer products and brand licensing, Nemerov will develop retail partnerships and new ...

  3. Warner Music Group to Lower Its Debt Repayments

    May 03, 2013 7:34 PM EDT The Warner Music Group will not only get lower rates than previously thought for the $820 million term loan it will take on to pay for the Parlophone Label Group, but the deal will also allow WMG to reduce the rate the company is paying on its e ...

  4. Warner Music Group Realigns Structure; Cameron Strang Gets Big Boost

    November 07, 2012 12:00 PM EST The Warner Music Group has implemented an organizational restructuring that was under discussion when Lyor Cohen still headed up the company's recorded music operation. Lyor Cohen and Warner Music Group: What Are the Next Moves? Insiders Weig ...

  5. Warner Music's Digital Distribution Going to Sony DADC: Sources

    February 13, 2012 6:42 PM EST The Warner Music Group's digital delivery of music to digital service providers will now be handled by Sony DADC, sources tell Billboard.biz. As part of the agreement, the WEA digital asset management team led by senior VP of media operations ...

  6. Stephen Cooper, New Warner Music CEO, On EMI Auction, Q4 Losses

    December 08, 2011 11:41 AM EST NEW YORK - New Warner Music Group CEO Stephen Cooper on Thursday said that the music major saw "significant" synergy opportunities in a possible acquisition of EMI's recorded music business, but remained disciplined in the auction t ...

  7. Updated: Edgar Bronfman Jr. to Step Down as Warner Music Group Chairman, No Successor Named

    December 05, 2011 3:38 PM EST Warner Music Group Chairman Edgar Bronfman Jr., who stepped down as CEO earlier this year, announced to the company's staff in a memo today that he's relinquishing the chairman role as well. "I wanted to let you know that, as my oth ...

  8. Lyor Cohen Realigns WMG Senior Management, Warner Music Europe CEO John Reid Departs

    November 09, 2011 3:15 PM EST WMG Recorded Music Chairman and CEO Lyor Cohen In one of his first moves as the head of recorded music operations worldwide, WMG Recorded Music chairman and CEO Lyor Cohen has flattened the company's management structure by creating a global ...

  9. Michael Nash, Warner Music's 'Top Digital Guru,' Leaving; Stephen Bryan Named Successor

    September 20, 2011 5:00 PM EDT The Warner Music Group top digital guru Michael Nash is leaving the company and will be replaced by Stephen Bryan, who has been promoted to executive VP of digital strategy and business development for recorded music. Bryan, who recently served as ...

  10. Edgar Bronfman's Next Task At Warner Music Group: EMI?

    August 19, 2011 9:05 PM EDT Is Warner Music Group getting ready to put Edgar Bronfman Jr. out to pasture? That may be the reading of some in the business following the company's announcement that the Warner CEO will swap jobs with chairman Stephen F. Cooper. But conside ...

  11. Read Edgar Bronfman, Jr.'s Internal Memo To WMG Staff On Stephen Cooper Being Named CEO

    August 19, 2011 3:33 PM EDT Dear Colleagues: As Warner Music Group begins its next chapter, well-positioned for some truly exciting and unprecedented opportunities, I am pleased to announce we are adding a new member to our management team: Steve Cooper. Effective today, Ste ...

  12. Warner Music CEO Edgar Bronfman, Jr. and Chairman Stephen Cooper Switch Jobs

    August 19, 2011 3:18 PM EDT Edgar Bronfman, Jr. and Stephen Cooper are switching roles with the former becoming the Warner Music Group chairman and the latter assuming the CEO position and responsible for the company's day-to-day operations. In a memo to employees , Bro ...

  13. Warner Music Group Passed Up Higher 'Conditional Bid' to Go With Blavatnik's Access Industries

    May 20, 2011 9:06 PM EDT Showing beyond doubt that investor interest in the music industry remains strong, the Warner Music Group auction brought out 17 interested parties before 10 wound up submitting bids , according to a proxy statement filed with the SEC today. In the ...

  14. Michael Fleisher Leaving Warner Music Group

    May 20, 2011 4:25 PM EDT After helping to sell it, Warner Music Group Vice Chairman of Strategy and Operations Michael Fleisher is leaving the company. Fleisher was the main executive at WMG overseeing the auction that resulted in a $3.3 billion bid from Access Industries ...

  15. Warner Music/Access Industries Deal Is A Win For Both -- But Will Gores Try to Upend It?

    May 06, 2011 7:48 PM EDT Access Industries' proposed $3.3 billion acquisition of the Warner Music Group (WMG) is turning out to be a "best of both worlds" kind of deal for all involved. For one, the private equity owners of WMG will get another payday on to ...

  16. Warner Music Group Auction In Final Stretch; One New Bidder Since Last Week

    May 03, 2011 7:33 PM EDT As the Warner Music Group (WMG) auction comes into the final stretch, there appears to be three bidders still in the running -- but only two of them are the same as last week. Ron Burkle's Yucaipa Companies dropped out of the bidding, Bloombe ...

  17. WMG Board Provides Eliminated Bidders With Company Data, Sources Say

    April 20, 2011 8:05 AM EDT The Warner Music Group (WMG) board of directors is not only willing to consider more bidders in the auction to sell the company, as reported yesterday by Billboard.biz, but has in fact left some of the supposedly eliminated bidders with access to ...

  18. Three Suitors Left In Running For Warner Music Group Auction, But Who Are They?

    April 13, 2011 6:56 PM EDT The Warner Music Group (WMG) is heading into a third round in the auction to sell the company, with three suitors still left in the running, sources tell Billboard. As first reported by the Wall Street Journal, the WMG board of directors has decid ...

  19. Wall Street Analysts, Investors Unenthusiastic About Possible Live Nation-Warner Music Union

    April 04, 2011 1:51 PM EDT While the stock market appears indifferent to Live Nation's bid for the Warner Music Group 's recorded music operation, Wall Street analysts and investors surveyed by Billboard over the past couple of days gave the potential deal a thumb ...

  20. MTV To Sell Ads On WMG Digital Platforms

    June 30, 2010 12:00 AM EDT Warner Music Group has tapped MTV Music Group to sell advertising on all its digital platforms. The deal includes all WMG artist-branded websites, music videos (such as its custom YouTube channel), mobile services and other digital initiatives in ...

  21. Spotify: WMG Not Pulling Out

    February 11, 2010 12:00 AM EST Spotify, which offers ad-funded free streaming and premium subscription services, said that Warner Music Group is not pulling its repertoire from the free service. Although it has not issued a statement, the Swedish and U.K.-based company posted t ...

  22. Analysis: As Digital Revenues Stall, Bronfman Looks To New Models

    February 09, 2010 12:00 AM EST Dominated by talk of new digital business models, Warner Music Group's fiscal Q1 earnings call on Tuesday morning exhibited a mix of patience and optimism. The company's flat revenue, small net loss and stalled digital growth were a repe ...

  23. WMG Got $9 Million in Lala Deal

    January 11, 2010 12:00 AM EST Financial details of Apple's acquisition of Lala, Lala's annual revenue and insight into bonuses paid were revealed thanks to a proxy statement filed today by Warner Music Group. The proxy statement offers a few clues on Lala's acqu ...

  24. Music Biz Eyes Web Ads

    October 12, 2009 12:00 AM EDT As the recorded-music business continues its migration to the digital domain, and relies less on sales of physical music formats, the big companies in the sector are developing strategies that position advertising and branded content as core reven ...

  25. Analysis: Recent Earnings Spotlight Ongoing Trends

    June 03, 2009 12:00 AM EDT The importance of ancillary revenue streams and continued consolidation - either within a company or between two companies - were some of the ongoing trends spotlighted in the most recent round of earnings reports. As companies manage the transiti ...

  26. Keynote Q&A: Cisco, WMG Discuss Online Strategy

    March 05, 2009 12:00 AM EST Contrary to opinions raised in the preceding panel that investors are getting ready to flee the music industry, Cicso Media Solutions Group senior VP/GM Daniel Scheinman said now is the perfect time to invest in the music business. Scheinman' ...

  27. MTV Games, Warner: No 'Rock Band' Boycott Of WMG Artists

    March 02, 2009 12:00 AM EST MTV Games is not boycotting Warner Music Group artists from the “Rock Band” franchise, despite what an article in the current Wired magazine claims, according to sources from both camps. Rather, the impasse is best described as a stalemate. WMG CE ...

  28. EMI, Warner Extend India/Middle East Deal, Partner In Turkey

    December 10, 2008 12:00 AM EST EMI Music and Warner Music Group will extend their existing marketing and distribution partnership in India and the Middle East and enter into their first partnership in Turkey. Under the new multi-year agreement, EMI Music will continue to act as ...

  29. WMG Names Bryan Digital Strategy VP

    July 21, 2008 12:00 AM EDT Warner Music Group has made Stephen Bryan its new senior VP of digital strategy and business development. Bryan is charged with creating and implementing the label's digital strategy and creating new models, products and key deals with mobile ...

  30. Warner Music Group To Test Dynamic Pricing

    May 05, 2008 12:00 AM EDT Warner Music Group is testing a dynamic pricing system for digital albums provided by partner Digonex technologies. Under the agreement, Digonex will basically act as a middleman between WMG and the various digital retailers selling WMG content. T ...

  31. Zubillaga Splits With WMG

    February 25, 2008 12:00 AM EST Warner Music Group executive VP, digital strategy and business development Alejandro (Alex) Zubillaga, will leave the company June 1 to "pursue entrepreneurial activities in media and other businesses," the music giant said today. His re ...

  32. Blavatnik Resigns From WMG Board

    January 18, 2008 12:00 AM EST Len Blavatnik has resigned from Warner Music Group's board of directors. Blavatnik has served as a WMG director since March 2004. He told the company his executive responsibilities at Access Industries and travel schedule would prevent his co ...

  33. WMG, AnywhereCD Settle Dispute

    June 07, 2007 12:00 AM EDT Warner Music Group and AnywhereCD have dismissed their respective lawsuits against each other and agreed to an early end to their relationship. Under the agreement, WMG will allow AnywhereCD to continue sell its music via the service -- which lets ...

  34. AnywhereCD Sues WMG

    April 20, 2007 12:00 AM EDT The drama around the AnywhereCD online music service continues. Founder Michael Robertson has filed a complaint against Warner Music Group, asking for a declaratory judgment that AnywhereCD did not breach its agreement with WMG and that it indeed ...

  35. WMG Developing Interactive Dance-Based Games

    April 12, 2007 12:00 AM EDT Warner Music Group revealed a partnership with Acclaim to develop an Internet-based dance game called DANCE! Online. The free PC game allows users to create custom avatars that dance with up to six other players in a virtual environment. Players c ...

  36. V2 Weighs In On MoS Vs AIM Saga

    March 09, 2007 12:00 AM EST V2 has called for a truce between its fellow independent label Ministry of Sound and Europe's trade bodies. In a statement issued this afternoon, the London-based indie today urged the independent community to show a united front, and describ ...

  37. AIM Answers MoS Accusations

    March 05, 2007 12:00 AM EST British trade body AIM has returned fire at defecting member, Ministry of Sound. MoS had announced Feb. 23 it was quitting AIM in protest at pan-European trade body Impala's agreement with Warner Music Group, which was intended to smooth the ...

  38. MoS Gripe With AIM Rumbles On

    February 27, 2007 12:00 AM EST Dance music giant Ministry of Sound has stepped up its war of words against the Association of Independent Music, ahead of the trade body's emergency board meeting tomorrow morning. MoS, by way of its legal representatives, has accused AIM an ...

  39. Source: Bandier To Resign EMI Music Pub Post

    September 28, 2006 12:00 AM EDT Executive may play into WMG plans. Executive may play into WMG plans. News ...

  40. EMI Drops Merger Plans With Warner Music

    July 27, 2006 12:00 AM EDT Board of directors to review position in the future. EMI Group has dropped its ambitions to acquire and merge with Warner Music Group (WMG), following the recent decision by a European Union court to overturn the original approval for the Sony BMG ...

  41. WMG Completes Rykodisc Buy

    June 01, 2006 12:00 AM EDT Rykodisc label to function as stand-alone. Warner Music Group has completed its $67.5 million acquisition of Rykodisc from an investment group led by JP Morgan Partners. As previously reported, Rykodisc, which has annual revenue of about $80 milli ...

  42. ADA Names Wolk Exec VP

    May 15, 2006 12:00 AM EDT Wolk had been working with WMG incubators Alternative Distribution Alliance (ADA) has named Mitchell Wolk executive VP. Based in New York, he reports to ADA president Andy Allen. Wolk comes to ADA, the independent distribution arm of the Warner Mu ...

  43. Report: EMI To Up WMG Bid

    May 15, 2006 12:00 AM EDT WMG could hold out for $33 per share. WMG could hold out for $33 per share. News ...

  44. WMG Rejects EMI Buyout Approach

    May 03, 2006 12:00 AM EDT Bid valued WMG at $4.2bn. Bid valued WMG at $4.2bn. News ...

  45. New Board Member For WMG

    March 06, 2006 12:00 AM EST Michele J. Hooper has been elected to Warner Music Group Corp.'s board of directors. She will serve as an independent director on WMG's board and will sit on its audit committee. Michele J. Hooper has been elected to Warner Music Group C ...

  46. New Board Member For WMG

    March 06, 2006 12:00 AM EST Hooper joins as an independent director. Michele J. Hooper has been elected to Warner Music Group Corp.'s board of directors. She will serve as an independent director on WMG's board and will sit on its audit committee. Hooper, 54, is a ...

  47. Warner Releases Fourth Quarter Financials

    October 03, 2005 12:00 AM EDT To pay dividend of 13 cents per share. Warner Music Group will take a $25-$30 million charge against its fiscal fourth quarter financial results in connection with its integration of Lava Records into The Atlantic Records Group. The company says a ...

  48. White Promoted At Warner Music Group

    September 27, 2005 12:00 AM EDT Moves to senior VP position. George White has been promoted to senior VP of strategy and product development at Warner Music Group. White, who was formerly VP of technology business development, is based in New York and will continue to report to ...

  49. Warner and MTV In Mobile Music Deal

    September 26, 2005 12:00 AM EDT WMG to license content globally for MTV's platforms. WMG to license content globally for MTV's platforms. News ...

  50. Warner Creates Digital Legal Post

    August 29, 2005 12:00 AM EDT Elliott Peters takes on new position. Warner Music Group has promoted Elliott Peters to the newly created position of VP, senior counsel and head of digital legal affairs. For his new media responsibilities, Peters will take the primary legal role ...

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