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About Warner Music Group
From its filings with the US Securities and Exchange Commission
Warner Music Group is based in New York, New York and is incorporated in Delaware. Its shares trade on Nasdaq under the ticker WMG. The SEC classifies its business as amusement & recreation services. In the fiscal year to 30 September 2025, it reported revenue of $6.71bn and net income of $365.0m. At that date it held total assets of $9.83bn and shareholders' equity of $647.0m.
Warner Music Group Corp. (the “Company”) was formed on November 21, 2003. We are the direct parent of WMG Holdings Corp. (“Holdings”), which is the direct parent of WMG Acquisition Corp. (“Acquisition Corp.”). Acquisition Corp. is one of the world’s major music entertainment companies.
Pursuant to the Agreement and Plan of Merger, dated as of May 6, 2011 (the “Merger Agreement”), by and among the Company, AI Entertainment Holdings LLC (formerly Airplanes Music LLC), a Delaware limited liability company (“Parent”) and an affiliate of Access Industries, Inc., and Airplanes Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent (“Merger Sub”), on July 20, 2011 (the “Merger Closing Date”), Merger Sub merged with and into the Company with the Company surviving as a wholly owned subsidiary of Parent (the “Merger”). In connection with the Merger, the Company delisted its common stock from the New York Stock Exchange (the “NYSE”).
On June 5, 2020, the Company went public again and completed an initial public offering (“IPO”) of Class A common stock of the Company, par value $0.001 per share (“Class A Common Stock”). The Company listed its shares on the NASDAQ stock market under the ticker symbol “WMG.” The offering consisted entirely of secondary shares sold by Access Industries, LLC (collectively with its affiliates, “Access”) and certain related selling stockholders.
Quoted from its 10-K, filed 20 Nov 2025. Read the filing on SEC.gov ↗
Company facts
- Sector
- Communication Services
- Industry
- Entertainment
- Listed since
- 3 Jun 2020
- Employees
- 5,500
- Website
- wmg.com ↗
- Head office
- 1633 BROADWAY, NEW YORK, NY, 10019
- Incorporated in
- DE
- Classification
- Services-Amusement & Recreation Services
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Michael LyntonIndependent Chairman of the Board$425,617
- Mr. Robert KynclChief Executive Officer, Director, since 2023$15.9m
- Mr. Len BlavatnikVice Chairman of the Board
- Mr. Armin ZerzaExecutive Vice President, Chief Financial Officer$12.3m
- Ms. Carianne MarshallCo-Chair and Chief Operating Officer, Warner Chappell Music$5.4m
- Mr. Guy MootCo-Chair and Chief Executive Officer, Warner Chappell Music$6.0m
- Ms. Maria OsherovaExecutive Vice President, Chief People Officer
- Mr. Paul RobinsonExecutive Vice President, General Counsel$5.3m
- Ms. Carletta HigginsonExecutive Vice President, Chief Digital Officer$4.8m
- Ms. Hannah KarpExecutive Vice President, Chief Communications Officer
- Mr. James StevenExecutive Vice President, Chief Communications Officer
- Mr. Lincoln BenetDirector
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 55
- Environment
- 60
- Social
- 57
- Governance
- 49
- Direct emissions (scope 1)
- 1,877 t
- Energy emissions (scope 2)
- 7,869 t
- Value chain emissions (scope 3)
- 213,727 t
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Industry Leader: Warner Music Group Corp is one of the leading music companies globally, with a diverse portfolio of artists and a rich history of successful record labels.
- Broad Music Catalog: The company has an extensive catalog of music from various genres and eras, allowing it to capitalize on the enduring popularity of timeless classics.
- Strong Artist Roster: Warner Music Group Corp represents a wide range of talented artists, both established and emerging, providing a steady stream of revenue through recorded music sales, tours, and merchandise.
- Global Reach: The company has a strong international presence with a vast network of subsidiaries, enabling it to tap into different markets and cultural trends worldwide.
Weaknesses
- Dependence on External Factors: The music industry is heavily impacted by factors such as changing consumer preferences, piracy, and technological advancements. Warner Music Group Corp is susceptible to these external forces.
- High Competition: The company faces intense competition from other major labels, independent labels, as well as digital streaming platforms that are expanding their influence in the music industry.
- Limited Control over Artist Success: While the company represents a diverse range of artists, their success ultimately relies on the public's reception and market demand, which Warner Music Group Corp has limited control over.
Opportunities
- Digital Music Growth: The increasing popularity of digital music consumption and streaming presents a significant opportunity for Warner Music Group Corp to boost its revenue through licensing agreements with platforms like Spotify and Apple Music.
- Emerging Markets: Expansion into untapped markets, particularly in developing countries, can help the company reach new audiences and discover talented, local artists, thus diversifying its revenue streams.
- Collaborations and Partnerships: The company can explore strategic collaborations and partnerships with other entertainment companies, brands, and influencers to expand its reach, increase brand awareness, and access new market segments.
Threats
- Piracy and Illegal Downloads: The unauthorized distribution of music continues to pose a threat to the company's revenue and intellectual property rights, requiring constant efforts to curb piracy through digital rights management and legal action.
- Shifting Consumption Patterns: Changes in consumer behaviors and preferences, such as the rise of streaming over physical album sales, could impact the company's traditional revenue streams and require adaptation to new business models.
- Economic Downturns: During economic downturns, disposable income for entertainment and non-essential purchases may decrease, negatively affecting the company's revenue and profitability.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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