Tag: wmg

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WMG boss hopes Spotify rivals will also test price rises

Warner Music Group chief Steve Cooper has welcomed Spotify’s tests of higher-priced subscriptions, and hopes that it might persuade rivals to follow suit. “We do think this is good news that Spotify is beginning...
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Lickd’s latest major-label licensing deal is with Warner Music

Startup Lickd has signed its second major label licensing deal in a matter of months, adding an agreement with Warner Music Group to the UMG deal that it announced in June. Lickd will now be adding “millions”...
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175m music fans are tracking artists in WMG’s Songkick app

Warner Music Group bought the Songkick app and website in July 2017, and has continued to run it since as a way for people to find out when artists they like are playing concerts near them. WMG is also continuing to invest...
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Tencent has bought $200m stakes in Warner Music Group

On Friday it emerged that Chinese tech giant Tencent had bought a chunk of shares in Warner Music Group… but confusion reigned over exactly how much it had invested. The Wall Street Journal claimed it was $200m, while MBW...
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WMG share price leaps on first day of public trading

Warner Music Group had a good first day of trading following its IPO this week. The company priced its shares at $25, valuing the major label group at $12.75bn. By the end of the day, WMG’s share price had risen to...
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Warner Music Group delayed IPO share-pricing until today

Last week, Warner Music Group filed to go public in its IPO: you can read our analysis of the filing’s juicier bits here. According to the Financial Times, WMG was planning to announce the pricing for its shares in...
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UMG and WMG reveal latest deals in high-potential markets

Major music companies are continuing to press on with their partnerships in high-potential territories like India, Africa and China. Yesterday brought three such deals. Warner Music Group is allying with Ziiki Media, an Indian...
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WMG approved for Nasdaq IPO listing as financials announced

Warner Music Group announced its latest quarterly financial results yesterday, but in the earnings call, CEO Steve Cooper kept his cards close to his chest regarding the label’s upcoming IPO. “The current market conditions...
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Warner Music Group signs distribution partnership with Mattel

Mattel isn’t just the toy giant whose brands include Barbie, American Girl and Hot Wheels. It also has a catalogue of more than 1,000 songs linked to some of those brands (see also: Fisher-Price, Thomas & Friends)....
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Warner Music Group opens its live vaults for PlayOn Fest

This weekend (24-26 April), Warner Music Group is hosting the virtual PlayOn Fest where listeners can “relive epic performances one time only”. Over the three days, past shows from a huge range of acts, among them Coldplay,...
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Spotify and WMG seal their deal – including ‘additional markets’

The coronavirus pandemic appeared to have put the long-running soap opera of Spotify’s licensing renewals with major labels on hiatus. Now it’s returning: with concrete progress. “Warner Music Group and Spotify are...
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WMG tightens Dogan partnership with Warner Music Turkey launch

Warner Music and Doğan Music already have a partnership in Turkey but have now expanded the scope of that relationship with the opening of Warner Music Turkey. The two companies will work on building up domestic repertoire...