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Warner Music Group Corp. (WMG)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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30.46+0.05 (+0.16%)
At close: 04:00PM EDT
30.03 -0.43 (-1.41%)
After hours: 04:07PM EDT

Warner Music Group Corp.

1633 Broadway
New York, NY 10019
United States
212 275 2000
https://www.wmg.com

Sector(s)Communication Services
IndustryEntertainment
Full-time employees5,900

Key executives

NameTitlePayExercisedYear born
Mr. Robert KynclPresident, CEO & Director5.08MN/A1971
Mr. Max LousadaChief Executive Officer of Warner Recorded Music12.69MN/A1973
Mr. Guy MootCo-Chair & CEO of Warner Chappell Music4.12MN/A1966
Ms. Carianne MarshallCo-Chair & COO of Warner Chappell Music3.61MN/A1978
Mr. Bryan CastellaniExecutive VP & CFON/AN/AN/A
Mr. Timothy MatuschExecutive Vice President of Strategy & OperationsN/AN/AN/A
Mr. Ariel BardinPresident of TechnologyN/AN/AN/A
Mr. Kareem ChinSenior VP & Head of Investor RelationsN/AN/AN/A
Mr. Paul Martin Robinson Esq., J.D.Executive VP & General Counsel5.25MN/A1958
Trent N. Tappe Esq.Senior VP, Deputy General Counsel, Chief Compliance Officer & SecretaryN/AN/AN/A
Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. It operates through Recorded Music and Music Publishing segments. The Recorded Music segment is involved in the discovery and development of recording artists, as well as related marketing, promotion, distribution, sale, and licensing of music created by such recording artists; markets its music catalog through compilations and reissuances of previously released music and video titles, as well as previously unreleased materials; and conducts its operation primarily through a collection of record labels, such as Warner Records and Atlantic Records, as well as Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Spinnin' Records, Warner Classics, and Warner Music Nashville. This segment markets, distributes, and sells music and video products to retailers and wholesale distributors; independent labels to retail and wholesale distributors; and various distribution centers and ventures, as well as retail outlets, online physical retailers, streaming services, and download services. The Music Publishing segment owns and acquires rights to approximately one million musical compositions comprising pop hits, American standards, folk songs, and motion picture and theatrical compositions. Its catalog includes approximately 150,000 songwriters and composers; and various genres, including pop, rock, jazz, classical, country, R&B, hip-hop, rap, reggae, Latin, folk, blues, symphonic, soul, Broadway, electronic, alternative, and gospel. This segment also administers the music and soundtracks of various third-party television and film producers and studios. The company was founded in 1929 and is headquartered in New York, New York.

Corporate governance

Warner Music Group Corp.’s ISS governance QualityScore as of 1 May 2024 is 9. The pillar scores are Audit: 8; Board: 8; Shareholder rights: 10; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.