NEW YORK, April 10, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Thursday, May 9, 2024, for the second quarter ended March 31, 2024, and will hold an earnings conference call that morning at 8:30 a.m. ET. To access the conference call, please register here. Once registered, you will receive an email with the dial-in number along with your personalized pin needed to join the call. We suggest you call in 10 minutes prior to the start time. If you do not anticipate as ...

NEW YORK, March 07, 2024 (GLOBE NEWSWIRE) -- Warner Music Group ("Warner Music Group" or WMG") confirms that on February 21, 2024 it approached Believe SA, a global digital music company headquartered in France and listed on the regulated market of Euronext Paris ("Believe" or the "Company") to initiate discussions with respect to a potential combination of Believe with WMG (the "Transaction") and that it indicated on February 27, 2024 that, at this stage, WMG thought it could value Believe at a price of at ...

NEW YORK, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. ("Warner Music Group" or "WMG") announced today that Robert Kyncl, Chief Executive Officer, will participate in a question and answer session during the Morgan Stanley Technology, Media & Telecom Conference on Wednesday, March 6th, at 4:20pm PT. A live webcast of the session will be available to the general public through a link on the Investor Relations homepage of Warner Music Group's website (https://investors.wmg.com/events-and-present ...

First major record deal for singer and actress whose music moves millions across the worldNews arrives following the release of her latest blockbuster action movie, 'Crakk'DUBAI, UAE, Feb. 26, 2024 /PRNewswire/ -- Global star Nora Fatehi, the multi-talented singer, dancer, and actress, whose music has already attracted millions of fans and billions of views and streams, has signed a new deal with Warner Music Group (Nasdaq: WMG) – her first agreement with a major global record company. Photo Credit: Apoo ...

NEW YORK, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. ("Warner Music Group" or "WMG") today announced that its Board of Directors declared a regular quarterly cash dividend of $0.17 per share on WMG's Class A Common Stock and Class B Common Stock. The dividend is payable on March 1, 2024, to stockholders of record as of the close of business on February 22, 2024. About Warner Music Group With a legacy extending back over 200 years, Warner Music Group today is home to an unparalleled family of ...

Warner Music Group Corp. (NASDAQ:WMG) Q1 2024 Earnings Conference Call February 8, 2024 8:00 AM ET Company Participants Kareem Chin - Head of IR Robert Kyncl - CEO Bryan Castellani - CFO Conference Call Participants Kannan Venkateshwar - Barclays Benjamin Swinburne - Morgan Stanley Michael Morris - Guggenheim Securities Benjamin Black - Deutsche Bank Rich Greenfield - LightShed Partners Batya Levi - UBS Sebastiano Petti - JPMorgan Kutgun Maral - Evercore ISI Operator Welcome to Warner Music Group's First Qu ...

Warner Music Group Corp. (WMG) came out with quarterly earnings of $0.30 per share, missing the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -30.23%. A quarter ago, it was expected that this company would post earnings of $0.25 per share when it actually produced earnings of $0.34, delivering a surprise of 36%.Over the last four quarters, the co ...

Warner Music Group Corp. is planning to lay off about 600 employees, or around 10% of its workforce, as part of a restructuring plan aimed at freeing up more cash to invest in music and boost growth. Warner WMG, -0.58% said in a filing late Wednesday that it expects the plan to generate a cost savings of about $200 million on an annualized basis by the end of fiscal 2025. The company joins Snapchat’s parent Snap Inc. SNAP, -34.61%, Wayfair Inc. W, -1.84%, and Okta Inc. OKTA, +2.08% in announcing recent work ...

ToplineWarner Music announced plans Wednesday to cut 600 employees in the record label conglomerate’s latest cost-cutting effort as the company seeks to sell off its entertainment portfolio, following a string of corporate layoffs in the tech industry.Warner Music is looking to sell entertainment sites Uproxx and HipHopDX. SOPA Images/LightRocket via Getty Images Key FactsWarner Music announced the layoffs in a Securities and Exchange Commission filing, with the majority coming from its corporate and media ...

Warner Music is laying off 600 employees, or about 10% of its workforce, according to a Wednesday filing.The company said the layoffs are part of a broader restructuring plan aimed at saving costs to invest in more music and "accelerate the company's growth for the next decade." The layoffs are expected to save the company $200 million by the end of fiscal 2025.The majority of the savings will be allocated toward increasing investment in Warner Music's core music units and new technologies.According to the ...