Warner Music Group

Warner Music Group Corp. (WMG) is an American music and entertainment conglomerate headquartered in New York City, ranked among the three largest recording companies worldwide alongside Universal Music Group and Sony Music. The company operates in two primary segments: Recorded Music and Music Publishing. Its roots date back to 1958, when Warner Bros. Pictures, under Jack L. Warner, established Warner Bros. Records. After periods under Kinney National, Warner Communications and Time Warner, WMG became an independent company in 2004. The group is controlled by Len Blavatnik's Access Industries. Its Class A shares trade on NASDAQ under the ticker WMG, and the company is a component of the S&P 400 index. Its brand portfolio includes Atlantic Records, Warner Records, Elektra, Parlophone, Rhino and the Warner Chappell Music publishing arm. Annual revenue is approximately US$6.71 billion, with a headcount of around 5,500 employees.