Warner Music Group Corporation (WMG)
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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
Latest news from Portfolio
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Music Must-DosJul 07 2008
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Battle HymnApr 10 2008
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Bite of the AppleApr 03 2008
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Paying the PiperApr 02 2008
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Fee for AllMar 27 2008
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
News Feeds
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Warner Music shares drop on industry data
AP
Jul 07 2008
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Warner signs up with Nokia's phone music service
AP
Jul 01 2008
Portfolio Blogs
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Even Pirates Will Pay for Music
Jun 16 2008
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European Telecom Giant Offers Flat-Fee Music
Jun 12 2008
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Idle Chatter: 'Forbes,' 'WSJ,' MySpace Music, more
Mar 24 2008
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Splitting the Apple Online
Dec 27 2007
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Led Zep, YouTube, and a Broken Record from Warner Music
Dec 12 2007
Press Releases
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Nokia Welcomes Warner Music Group to Comes With Music Jul-01-2008, 02:26AM EDT
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Hip Digital Media First In Canada To Offer All MP3 Format Jun-09-2008, 09:30AM EDT
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Hoodiny Announces Licensing Agreements with Major Labels May-22-2008, 04:54PM EDT
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ZVUE Launches First Pop Culture Ad Network: popsauce network(TM) May-14-2008, 08:30AM EDT
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Virgin Mobile USA and Burger King Corp. Offer Customers Hottest Ringtones From Warner Music Group Apr-30-2008, 01:18PM EDT
News From Around the Web
News
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Jul 23 2008
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Jul 23 2008
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Stock Dog Warner Music Is Finding Reason To Howl
(New York Post)Jul 23 2008 -
Nokia Signs Warner To Music Deal
(Information Week)Jul 22 2008 -
Mobile Music A $7.3 Billion Industry By 2011
(Information Week)Jul 22 2008 -
Stock Market Snapshot: July 21, 2008
(Radio & Records)Jul 21 2008 -
Bryan Rises With Digital Revenue At WMG
(Radio & Records)Jul 21 2008 -
Warner Music Group Corp. to Conduct Earnings Conference Call on Thursday, August 7, 2008
(Market Wire)Jul 21 2008
Blogs
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Warner Music Stock Outperforms Peers
(DealBook)Jul 23 2008
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
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
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. |
| 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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