Category archives: Warner Music Group

Warner Music Group started today with a $12.8bn valuation. It’s now worth $2.6bn more.

Warner Music Group’s first day on the Nasdaq couldn’t have gone much better for the company and its new shareholders. Earlier today (June 3), the major music company went public, making 77 million Class A shares of common stock available at…

Warner Music Group to go public on Nasdaq at $25.00 per share today

Warner Music Group has confirmed that it’s set to go public on the Nasdaq stock exchange this morning in New York, floating 77 million shares of Class A common stock. Those 77m shares will be available at an initial public offering price of $25.0…

Warner Music Group and Len Blavatnik pledge $100m fund for anti-racist and music industry causes

“This fund will support the extraordinary, dedicated organizations that are on the front lines of the fight against racism and injustice, and that help those in need across the music industry.”
Source

Is Len Blavatnik about to complete the shrewdest deal in the history of the record business?

The case for Len Blavatnik having made the smartest acquisitive move in record industry history
The post Is Len Blavatnik about to complete the shrewdest deal in the history of the record business? appeared first on Music Business Worldwide.

Warner Music Group launches IPO, as firm readies flotation on Nasdaq

Some 70 million shares made available for underwriters to sell on by Access Industries
The post Warner Music Group launches IPO, as firm readies flotation on Nasdaq appeared first on Music Business Worldwide.

Warner Music Group boss Steve Cooper talks COVID-19, streaming subscriptions… and that delayed IPO

MBW delves deeper into Warner’s calendar Q1 results
The post Warner Music Group boss Steve Cooper talks COVID-19, streaming subscriptions… and that delayed IPO appeared first on Music Business Worldwide.

Saudi Arabia to buy Warner Music Group in deal worth around $12.5bn?

Warner Music Group might not be floating on the stock exchange after all. The world’s third biggest music rightsholder, which is 100% owned by Len Blavatnik’s Access Industries, may instead be exploring a private sale. That’s accordin…

Warner streaming revenues hit $586m in calendar Q1, but COVID-19 hurt overall performance

A number of clever people have already hypothesized over whether the COVID-19 pandemic will accelerate the transition of consumers from buying physical media to committing more readily to streaming platforms. There was no conclusive evidence of that tr…