... Looks like Warner Music Group has been added to the Store! Ostin however had received overtures from other companies including MGM Records and ABC Records and when he met with Ertegun in January 1970 and was offered Maitland's job, he was unwilling to re-sign immediately. AI Entertainment Holdings LLC, the 10% Owner of Warner Music Group Corp., sale 47,780 shares at $25.00 during a trade that took place back on Jul 07, which means that AI Entertainment Holdings LLC is holding 0 shares at $1,194,500 based on the most recent closing price. Disclaimers: stockzoa.com is not operated by a broker, a dealer, or a registered investment adviser. Also, a joint venture with Sh-K-Boom/Ghostlight Records, the theatrical music company was formed with the founder/president Kurt Deutsch also being named senior vice president of Theatrical & Catalog Development for Warner/Chappell Music. [61] Bronfman Jr. stepped down as chairman of the company on January 31, 2012. Following the takeover, Warners' music group briefly adopted the 'umbrella' name Kinney Music, because U.S. anti-trust laws at the time prevented the three labels from trading as one. The name remained until 1989, when in 1990, it became Warner Music Canada Ltd - a subsidiary of the US-based Warner Music International. This returned the group back to the Warner-Elektra-Atlantic (WEA) triad that had for decades marked the original company organization. [74], In order to accommodate a deal made with IMPALA and the Merlin Network when it acquired Parlophone, WMG agreed to offload over $200 million worth in catalogues to various independent labels. In the 1930s and 1940s, Chappell Music also ran a profitable orchestration division for Broadway musicals, with house arrangers of the caliber of Robert Russell Bennett, Don Walker, Ted Royal and Hans Spialek. [47] Then WMG offered to buy EMI and it also rejected the offer. [64] According to the Wall Street Journal, the deal ended a three-month sale process in which as many as 10 bidders, including Los Angeles-based brothers Tom and Alec Gores, and Sony Corp. vied for the company. [114], In September 2017, one week after acquiring American rock label Artery Recordings, WMG acquired the Dutch EDM label Spinnin' Records. [6] It later had its second IPO on Nasdaq in 2020, once again becoming a public company. [63] The price represented $8.25 a share; a 34% premium over the six-month-before average price, and a 4% premium over the day-before price. Related news coverage. Past performance is a poor indicator of future performance. [20] In July 1971, the new in-house distribution company was incorporated as Warner-Elektra-Atlantic Distributing Corp. (WEA) and branch offices were established in eight major US cities; Joel Friedman a one-time Billboard writer who had been the head of Warner's advertising/merchandising division in its early years, was appointed to head WEA's US domestic division, and Ahmet Ertegun's brother Nesuhi was appointed to oversee its international operations. Warner Chappell Music, Inc. is an American music publishing company and a division of the Warner Music Group.Warner Chappell Music's catalogue consists of over one million compositions and 65,000 composers, with offices in over 40 countries. Catalog, Plans 'Paper Trail' Reissue: Exclusive", "Göteborgsbolaget Woah dad satsar internationellt", "Independent label RT Industries launches with divestments from Warner", "Proper makes trio of hires, signs up NewState", "Everything must go: Warner Music's indie divestment 'will end September 30, "Google Signs Deal With Warner Music Group", "Warner Music se implanta en Rusia tras comprar el sello Gala", "Disney, Warner Music Strike Russia Distribution Deal", "Warner to handle CD distribution for Sony in Russia", "Warner artists get paid for radio play under landmark Clear Channel deal", "Warner announces launch of new South African business", "Warner Acquires Gold Typhoon Group To Grow China Presence", "Warner Music Group Lands Distribution For BMG Catalog", "BMG moves distribution of 8,000 albums to Warner's ADA", "Warner Music Group does deals with Times Music and PT Indo Semar Sakti", "Warner Music Uk Limited Company Number 00680511 Prepared By Reporting Accounts", "Warner Music U.K. Launches Creative Content Division The Firepit", "Warner Music Group Acquires Digital Compilation Company X5", "Warner Announces Arts Music Division for Classical, Musicals, Jazz", "Warner Music Group launches record company in the Middle East", "Warner Music inks wide-ranging deal with Istanbul-based Doğan Group", "Warner Music Finland Acquires Indie Hip-Hop Label Monsp Records", "Warner Music Acquires Slovakia's Forza Music", "Warner Music Acquires Songkick, the Concert Discovery App", "Hooch Plans to Launch Blockchain-Powered Tap Coin", "Warner to Launch Elektra Music Group as Stand-Alone Company", "Uproxx Media Group Acquired by Warner Music Group", "Warner Music to Acquire EMP Merchandising for $180 Million", "Warner Music Announces WMG Boost, An Investment Fund for Start-Ups", "Warner Music turns former Ford assembly plant into Arts District music factory", "Warner Music acquires IMGN, a social media publishing platform, for under $100M", "Warner Music Group acquires hip-hop media platform HipHopDX", "Roblox Raises $520M From Warner Music Group and Others", "Warner Music Launches in India, With Former Sony Exec Jay Mehta at the Helm", "Tencent Acquires $200 Million Stake in Warner Music", "Imagine Sets Production and Financing Pact With Warner Music Group (EXCLUSIVE)", "Warner Music, Cole Haan delay IPOs amid coronavirus jitters -sources", "Tencent buys $200m+ stake in Warner Music Group (update)", "Warner Music Group and Sesame Workshop team up to relaunch Sesame Street Records", "Warner Music Acquires Musical Theater Indie First Night Records", "Build-A-Bear Workshop Launches New Record Label With Warner Music Group & Warner Chappell", "Warner Music Strikes Distribution Deal With Mattel for 1,000 Songs From Barbie, Thomas & Friends, More", https://en.wikipedia.org/w/index.php?title=Warner_Music_Group&oldid=1000741336, Entertainment companies established in 1958, Companies formerly listed on the New York Stock Exchange, Short description is different from Wikidata, Wikipedia introduction cleanup from September 2019, Articles covered by WikiProject Wikify from September 2019, All articles covered by WikiProject Wikify, All Wikipedia articles written in American English, Wikipedia articles needing factual verification from October 2019, Articles with unsourced statements from March 2019, Official website different in Wikidata and Wikipedia, Wikipedia articles with MusicBrainz label identifiers, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, This page was last edited on 16 January 2021, at 13:51. 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