Warner Music Group Corporation
Warner Music Group Corporation was founded in 1958 to try and boost income for the struggling company of Warner Bros. It remained part of Time Warner until it was sold in 2004 to an investor group. In 2005 the company went public again as the Warner Music Group Corporation. Stephen Cooper is now the CEO – he joined the company in August 2011 and also helps supervise companies such as LyondellBasell Industries (a chemical manufacturer) and is a Management Partner with Cooper Investment Partners, a private equity firm. Now Warner Music Group is the third-largest music conglomerate in the USA and fourth-largest across the globe.
The company was worth 4 billion USD in 2018 and owns a wide variety of labels, such as Atlantic, Parlophone, Warner Records
Artists include Ed Sheeran, Rudimental, Radiohead, David Bowie, and others.
They also own WEA – Warner-Elektra-Atlantic - a distribution and marketing network, and ADA - Alternative Distribution Alliance - a global distribution company
Warner Chappell Music is the global publishing group – with over 65000 songwriters and composers and over one million copyrights. Warner Music Group also owns Warner Chappell Production Music
The current parent company of Warner Music Group is Access Industries, an investment company in
sectors from Technology to Biotechnology and chemical production to Real Estate.
https://www.wmg.com/?frontpage=true
(23.4.20)
https://www.accessindustries.com/
(23.4.20)
https://www.encyclopedia.com/books/politics-and-business-magazines/warner-music-group-corporation
(23.4.20)
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