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Warner Music Group Corp. (WMG)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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32.90+0.29 (+0.89%)
At close: 04:00PM EST
32.53 -0.37 (-1.12%)
After hours: 04:13PM EST

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 employees6,200

Key executives

NameTitlePayExercisedYear born
Mr. Stephen Forbes CooperCEO & Director4.12MN/A1946
Mr. Eric Joshua LevinExec. VP & CFO2.24MN/A1963
Mr. Max LousadaChief Exec. Officer of Warner Recorded Music10.23MN/A1973
Mr. Guy MootCo-Chair & CEO of Warner Chappell Music3.73MN/A1966
Ms. Carianne MarshallCo-Chair & COO of Warner Chappell Music3.21MN/A1978
Mr. Kareem ChinSr. VP & Head of Investor RelationsN/AN/AN/A
Mr. Paul Martin Robinson Esq., J.D.Exec. VP, Gen. Counsel & Sec.N/AN/A1958
Trent N. Tappe Esq.Sr. VP, Deputy Gen. Counsel & Chief Compliance OfficerN/AN/AN/A
Mr. James StevenExec. VP & Chief Communications OfficerN/AN/A1977
Mr. Michael DrexlerVP of Digital Strategy & Corp. Devel.N/AN/AN/A
Amounts are as of 31 December 2021, 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 100,000 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 28 November 2022 is 8. The pillar scores are Audit: 8; Board: 7; 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.