Warner Music Group Corp - Ordinary Shares - Class A Stock News

Warner Music Group's chief of recorded music operations Max Lousada will step down, the record label conglomerate behind artists such as Radiohead, AC/DC and Madonna, said on Thursday.

After Two Highly Successful Decades at WMG, Max Lousada Announces Decision to Step Down at End of Fiscal Year Creative Regional Leadership to Be Elevated Through Flatter Structure; Greater Impact Through Globalized Services Elliot Grainge Becomes CEO of Atlantic Music Group at Beginning of Fiscal Year 2025; Julie Greenwald to Take New Role as Chairman of Atlantic Music Group NEW YORK ,  August ...

NEW YORK, July 24, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Wednesday, August 7, 2024, for the third quarter ended June 30, 2024, instead of the previously announced reporting date of August 8, 2024. The company will hold an earnings conference call that morning at 8:30 a.m. ET.

NEW YORK, July 10, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Thursday, August 8, 2024, for the third quarter ended June 30, 2024, and will hold an earnings conference call that morning at 8:30 a.m. ET.

WMG stock underperformed, down 7% since last post, while SPOT surged 306%. WMG's relative valuation remains low, potential for higher valuation on strong revenue and earnings growth. WMG's 2023 financial performance was tepid, 2024 results not promising, but recent trends show improvement.

Warner Music Group's competitive position in the music industry, supported by scale and content advantage, will enable steady growth alongside industry growth. Valuation at 21x forward P/E is not demanding, offering potential for a 32% increase in share price. WMG's competitive advantages include scale, data advantage, distribution capabilities, and a vast catalog of music.

BOSTON — Big record companies are suing artificial intelligence song-generators Suno and Udio for copyright infringement, alleging that the AI music startups are exploiting the recorded works of artists from Chuck Berry to Mariah Carey.

Former Goldman Sachs & EMI Music Exec to Spearhead Company's M&A NEW YORK , June 6, 2024 /PRNewswire/ -- Michael Ryan-Southern (MRS) is being appointed by Warner Music Group (Nasdaq: WMG) to the newly created post of Executive Vice President, Corporate Development, effective August 5th. MRS, who comes to WMG with two decades of investment, finance, and music industry experience, most recently s...