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Warner Music Group Corporation (WMG)

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Edgar Bronfman, Jr. , CEO/Chairman of the Board/Director
Industry: Leisure
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Company Information

Edgar Bronfman, Jr., CEO/Chairman of the Board/Director

75 Rockefeller Plaza

New York, NY 10019

US Map it

Phone: (212) 275-2000

Fax: (212) 757-3985

www.wmg.com

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Overview

A music content company which is composed of two businesses: Recorded Music and Music Publishing.

Portfolio Articles
  • Music Must-Dos
    Wired.com assembles a list of the world's 10 hottest digital music websites.
    Jul 07 2008
  • Battle Hymn
    As music wars continue, ASCAP lays out a "bill of rights" for songwriters.
    Apr 10 2008
  • Bite of the Apple
    A big deal with MySpace may give the music industry long-sought-after leverage with iTunes.
    Apr 03 2008
  • Paying the Piper
    Independent musicians express skepticism about industry idea to levy internet fee to pay for music.
    Apr 02 2008
  • Fee for All
    Jim Griffin will lead Warner Music's fight to tame the Web's lawless music frontier.
    Mar 27 2008

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Employees

Number of Employees: 3,800
Revenue per Employee: $890,789

Top Executives

Lyor Cohen, Divisional CEO/Divisional Chairman of the Board
Patrick Vien, CEO, Divisional/Chairman of the Board, Divisional
Richard Blackstone, Subsidiary CEO/Subsidiary Chairman of the Board

Michael D. Fleisher, Executive VP/CFO
Caroline Stockdale, Divisional Executive VP
Michael Nash, Executive VP, Divisional

Paul M. Robinson, Executive VP/General Counsel
David H. Johnson, J.D., CEO, Subsidiary/Chairman of the Board, Subsidiary
Paul-René Albertini, Divisional CEO/Divisional Chairman of the Board

Board of Directors

Phyllis E. Grann, Director
Michele J. Hooper, Director
Shelby W. Bonnie, Director

Seth W. Lawry, Director
Paul-René Albertini, Divisional CEO/Divisional Chairman of the Board
Jonathan M. Nelson, Director

Richard J. Bressler, Director
Scott L. Jaeckel, Director
Lyor Cohen, Divisional CEO/Divisional Chairman of the Board

Patrick Vien, CEO, Divisional/Chairman of the Board, Divisional
Richard Blackstone, Subsidiary CEO/Subsidiary Chairman of the Board
Scott M. Sperling, Director

Thomas H. Lee, Director
Mark Nunnelly, Director
David H. Johnson, J.D., CEO, Subsidiary/Chairman of the Board, Subsidiary

Ian Loring, Director
John P. Connaughton, Director

Financials

Quarterly
Annual

Income Statement 05/2008 02/2008 11/2007 08/2007
Sales 400 Mil. 532 Mil. 449 Mil. 421 Mil.
Gross Operating Profit 400 Mil. 457 Mil. 420 Mil. 383 Mil.
Operating Income before D & A (EBITDA) 96 Mil. 126 Mil. 119 Mil. 85 Mil.
Total Income Before Interest Expenses (EBIT) 28 Mil. 44 Mil. 75 Mil. 39 Mil.
Total Net Income -37 Mil. -16 Mil. 5 Mil. -17 Mil.
Basic EPS, Total -0.25 -0.11 0.04 -0.12
Diluted EPS, Total -0.25 -0.11 0.04 -0.12

BALANCE STATEMENT 05/2008 02/2008 11/2007 08/2007
Cash and Equivalents 249 Mil. 160 Mil. 333 Mil. 396 Mil.
Total Assets 1.07 Bil. 1.15 Bil. 1.2 Bil. 1.27 Bil.
Total Liabilities 1.88 Bil. 1.91 Bil. 1.88 Bil. 1.83 Bil.
Total Capitalization 2.16 Bil. 2.21 Bil. 2.22 Bil. 2.23 Bil.

Cash Flow 05/2008 02/2008 11/2007 08/2007
Net Cash From Continuing Operations 75 Mil. -36 Mil. 302 Mil. 197 Mil.
Net Cash From Investing Activities -152 Mil. -119 Mil. -255 Mil. -102 Mil.
Net Cash From Financing Activities -50 Mil. -24 Mil. -94 Mil. -70 Mil.
Net Change in Cash & Cash Equivalents -84 Mil. -173 Mil. -34 Mil. 29 Mil.

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Income Statement 2007 2006 2005 2005
Sales 1.78 Bil. 1.78 Bil. 1.8 Bil. 908 Mil.
Gross Operating Profit 1.6 Bil. 1.74 Bil. 1.7 Bil. 861 Mil.
Operating Income before D & A (EBITDA) 438 Mil. 505 Mil. 403 Mil. 184 Mil.
Total Income Before Interest Expenses (EBIT) 215 Mil. 287 Mil. 73 Mil. -114 Mil.
Total Net Income -21 Mil. 60 Mil. -169 Mil. -238 Mil.
Basic EPS, Total -0.14 0.42 -1.4 -2.21
Diluted EPS, Total -0.14 0.4 -1.4 -2.21

BALANCE STATEMENT 2007 2006 2005 2005
Cash and Equivalents 333 Mil. 367 Mil. 288 Mil. 555 Mil.
Total Assets 1.2 Bil. 1.3 Bil. 1.24 Bil. 1.54 Bil.
Total Liabilities 1.88 Bil. 1.8 Bil. 1.75 Bil. 2.18 Bil.
Total Capitalization 2.22 Bil. 2.3 Bil. 2.32 Bil. 2.11 Bil.

Cash Flow 2007 2006 2005 2005
Net Cash From Continuing Operations 302 Mil. 307 Mil. 205 Mil. 86 Mil.
Net Cash From Investing Activities -255 Mil. -153 Mil. -54 Mil. -2.66 Bil.
Net Cash From Financing Activities -94 Mil. -81 Mil. -416 Mil. 2.66 Bil.
Net Change in Cash & Cash Equivalents -34 Mil. 79 Mil. -267 Mil. 84 Mil.

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