| Market Capitalization (Millions $) |
4,708 |
| Shares
Outstanding (Millions) |
143 |
| Employees |
5,800 |
| Revenues (TTM) (Millions $) |
6,344 |
| Net Income (TTM) (Millions $) |
526 |
| Cash Flow (TTM) (Millions $) |
48 |
| Capital Exp. (TTM) (Millions $) |
292 |
Warner Music Group Corp
Warner Music Group Corp, commonly referred to as Warner Music, is a multinational entertainment and record label company headquartered in New York City. The company was originally founded in 1958 as Warner Bros-Seven Arts, but after various mergers and acquisitions, it was officially renamed Warner Music Group Corp in 2003. Today, Warner Music is one of the largest and most influential music labels in the world, with a diverse portfolio of artists and labels spanning a wide range of genres.
Warner Music Group Corp has a vast and diverse catalogue, with over4 million recorded songs and a roster of some of the biggest names in the music industry today. The company has a global reach, with operations in over 50 countries worldwide, and controls an impressive array of subsidiary labels and music publishing companies, including Atlantic Records, Elektra Records, Parlophone Records, and Warner Chappell Music.
The company's success can be attributed, in part, to its keen focus on innovation and digital technology implementation. Warner Music Group Corp is one of the few major record labels that has embraced the digital revolution, and some of its most successful artists, such as Ed Sheeran and Bruno Mars, have become stars through Youtube and other social media platforms.
Warner Music Group Corp has also been proactive in seeking out new acquisition and expansion opportunities. In recent years, the company has invested in companies such as Shazam - a music and sound recognition app - and the Chinese streaming service, Tencent Music Entertainment. The company's expansion efforts are also reflected in its recent initial public offering (IPO), which raised over $2bn.
Overall, Warner Music Group Corp is a dominant force in the global music industry, with a strong and diverse portfolio of artists, a substantial catalogue and a keen focus on innovation and expansion. Its vast array of subsidiaries and affiliated companies, combined with its global reach, have helped cement its status as a leading player in the world of music.
Company Address: 1633 Broadway New York 10019 NY
Company Phone Number: 275-2000 Stock Exchange / Ticker: NASDAQ WMG
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42.32 %