Warner Music Group Corp. (WMG) News
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WMG News Highlights
- WMG's 30 day story count now stands at 65.
- Over the past 22 days, the trend for WMG's stories per day has been choppy and unclear. It has oscillated between 2 and 7.
- The most mentioned tickers in articles about WMG are MIC, SONY and ADS.
Latest WMG News From Around the Web
Below are the latest news stories about Warner Music Group Corp that investors may wish to consider to help them evaluate WMG as an investment opportunity.
Sarah Ismail Warner Music Group announced today that Sarah Ismail has been promoted to Managing Director, Warner Music Philippines. She will take up her new role on Oct. 1. As a core member of Warner Musics regional executive team, Sarah will oversee its operations throughout the Philippines. Based in Manila, she will report to Simon Robson, President, International, Recorded Music, Warner Music Group. Sarah joined WMG in 2019 and was promoted swiftly to become Regional Marketing Director for Greater China & South East Asia. In this role, Sarah has been responsible for leading Warner Musics Regional Marketing Team and was in charge of mentoring its affiliates, collaborating closely with them to localize and adapt global and regional strategies. With over a decade of experience in the mu...
NEW YORK, Sept. 22, 2021 (GLOBE NEWSWIRE) -- Warner Music Group Corp. ("Warner Music Group") (NASDAQ: WMG ) today announced the pricing of an underwritten secondary offering (the "offering") of an aggregate of 2,340,000 shares of Warner Music Group''s Class A common stock ("common stock") by affiliates of Access Industries, LLC, at a price to the public of $44.00 per share. The offering is expected to close on September 24, 2021. Warner Music Group is not selling any shares of common stock in the offering and will not receive any of the proceeds. Morgan Stanley is acting as the underwriter for the offering. A shelf registration statement (including a prospectus) relating to the common stock has been filed with the SEC and has become effective. The offering is being made only by means of...
By Dhirendra Tripathi
Warner Music Group Announces Sale of 2,340,000 Shares of Common Stock by Affiliates of Access Industries
NEW YORK, Sept. 21, 2021 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (the Company) (Nasdaq: WMG) today announced the sale of an aggregate of 2,340,000 shares of the Companys common stock by affiliates of Access Industries, LLC (the Selling Stockholders) to Morgan Stanley & Co. LLC, as the sole underwriter in the registered public offering of those shares. The Selling Stockholders are selling all of the shares of Class A common stock, and the Company will not receive any proceeds from the offering.
Warner Music Group (NASDAQ: WMG) shareholders trounced a rising market on Tuesday, with shares up by 13% as of 3:30 p.m. EDT. An analyst at Credit Suisse hiked the bank's rating on the music giant to an outperform (or buy), saying in a note to clients that Warner Music should be a winner as demand continues to shift toward streaming. Warner Music Group IPOed in June 2020, and investors are still trying to get a feeling for its earnings potential.
Uber, Helbiz, Warner Music Group, Upstart Holdings and QuantumScape are five top stock gainers for Tuesday.
Credit Suisse analyst Meghan Durkin upgraded Warner Music Group Corp (NASDAQ: WMG) to Outperform from Neutral with a price target of $48, up from $37, implying a 19.2% upside. Warner is well-positioned as one of the top three music labels globally, benefitting from the global transition to on-demand music streaming, Durkin reasons. Durkin sees further upside in the stock as its growth outlook, margin profile, and valuation "become clarified." Durkin sees "healthy" ongoing streaming growth at War
Los Angeles, Sep 17 (IANS) Music icon David Bowies estate and label Warner Music Group have announced a global partnership that will bring the late artistes career-spanning recorded-music catalogue from 1968 through 2016. The deal sees Bowies albums from 2000 through 2016, which were originally released through Sony Music, joining his 1968-1999 catalog at Warner,  The post David Bowie Estate, Warner Music to bring icons catalogue to label appeared first on Buziness Bytes .
Global Deal Sets WMG as Definitive Home for Icons Body of Work
NEW YORK, Sept. 16, 2021 (GLOBE NEWSWIRE) -- Warner Music Group Corp. (Warner Music Group or WMG) announced today that Steve Cooper, Chief Executive Officer, will participate in a question and answer session during the Goldman Sachs 30th Annual Communacopia Conference on Thursday, September 23, 2021, at 2:05 p.m. ET.