Warner Music Group

Warner Music Group is one of the four largest music labels. The other three major music labels are Sony BMG, EMI Group and Universal Music Group. Currently Warner Music Group is the third largest out of all the music labels. They are also the only music group to be traded on the stock market. Warner Music Group has affiliates and licenses in over 50 countries. History Warner Music Group was founded as a subdivision of Time Warner in 1958, in addition to the Warner Bros. movie studio. In 1987, Warner Communications merged with Time, Inc to form Time Warner, which at this time still owned the rights to Warner Music Group. Although, it was not officially called Warner Music Group until several years after. In 2003, the company sold Warner Music Group to a group of investors, but the deal wasn't fully completed until early 2004. WMG then hired Lyor Cohen from Universal Music Group to help lower the costs of producing music. Then on May 5, 2006 they rejected a buyout offer from EMI Group and two years after EMI Group started losing money so WMG offered to buy them out, but they refused. Labels Warner Music Group has several music labels, which include Atlantic Records Group, Rhino Entertainment Company, Warner Bros. Records Inc., Ryko Corporation, and several other smaller, lesser known labels. Under these labels they have several famous artists such as AC/DC, Black Sabbath, Cher, Nelly Furtado, Paris Hilton, and many others. A full list of all the Warner Music Group artists can be found here.

Fast Facts:

1. Annual Revenue: $169.0 Million
2. Headquarters: New York, New York
3. President or CEO: Edgar Bronfman, Jr. and David H. Johnson
4. Important Staff Members: Lyor Cohen, Michael D. Fleischer, David H. Johnson, Paul M. Robinson, Caroline Stockdale, Will Tanous, Patrick Vien and Alejandro Zubillaga
5. Only music label to not have European ownership

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