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'5 Junction' imprint focused on breaking American artists of South Asian heritage and talent from the Subcontinent in the U.S.
NEW YORK, April 22, 2025 /PRNewswire/ -- Warner Music Group (Nasdaq: WMG) and entrepreneurial powerhouse Anjula Acharia are partnering to launch 5 Junction, a new JV label focused on discovering and nurturing U.S.-based artists of South Asian heritage, as well as amplifying the success of WMG's existing artists from South Asia and its diaspora. 5 Junction will collaborate closely with LA-based Warner Records, led by Tom Corson [Co-Chairman and COO] and Aaron Bay-Schuck [Co-Chairman and CEO].
Accomplished Leader from Activision Blizzard and Procter & Gamble
NEW YORK, April 14, 2025 /PRNewswire/ -- Warner Music Group Corp. (Nasdaq: WMG) today announced that Armin Zerza is joining the company as Executive Vice President and Chief Financial Officer, effective May 5, reporting to CEO Robert Kyncl. Zerza brings extensive global financial, commercial, and operational leadership experience, most recently serving as CFO of Activision Blizzard, while it was traded on the NASDAQ stock exchange. At the same time, it was announced that current EVP & CFO Bryan Castellani will serve until May 5, and then act as advisor to ensure a smooth handover.
Annual event raises funds to advance the organization's efforts to bring music education into under-served communities
NEW YORK, April 3, 2025 /PRNewswire/ -- Last night, longtime Harmony Program supporter Warner Music Group (NASDAQ: WMG) and Grammy-nominated artist and philanthropist Josh Groban were honored at the organization's annual gala held at The Altman Building in Flatiron. Hosted by CBS Mornings Plus' Adriana Diaz, the festive evening celebrated the Harmony Program's momentous efforts and raised nearly $800,000 to advance their mission to bring music education into under-served communities across New York City. The night included special live performances by Groban and students from the Harmony Program.
NEW YORK, Feb. 6, 2025 /PRNewswire/ -- Spotify and Warner Music Group (NASDAQ: WMG) today announced a new, multi-year agreement, which covers both Recorded Music and Music Publishing. Through the deal, the two companies strengthen their joint commitment to artists, songwriters, and fans, as well as the growth of the music ecosystem through innovative collaboration.
WMG and Spotify will work together to shape the future of audio-visual streaming and enhance the value of music. The new deal will help deliver new fan experiences, a deeper music and video catalog, further paid subscription tiers, and differentiated content bundles. The agreement also builds on the companies' existing alignment around 'artist centric' royalty models that reward and protect the power of artists to attract and engage audiences. Importantly, the new publishing agreement introduces a direct licensing model with Warner Chappell Music in several additional countries including the U.S., reinforcing songwriters' benefit in this evolving landscape.
Catalog includes rights in songs recorded by Bruno Mars, Twenty One Pilots, Adele, Wiz Khalifa, Florida Georgia Line, and Lukas Graham
Providence Equity Partners to Remain a Minority Investor
NEW YORK, Feb. 6, 2025 /PRNewswire/ -- Warner Music Group Corp. ("Warner Music Group" or "WMG") today announced that it has acquired a controlling stake in Tempo Music Investments ("Tempo"), an investment platform for premium music rights, from Providence Equity Partners ("Providence"). Providence will remain a minority investor in Tempo and continue to work with WMG in an advisory capacity.
Focus on cultural impact and creative expertise
New leadership empowered at Atlantic, 300 Entertainment, and 10K Projects
Key moves include promotions of Lanre Gaba and Erica Bellarosa, appointment of Dave Rocco, and elevation of Craig Kallman
NEW YORK, Sept. 23, 2024 /PRNewswire/ -- Today, Atlantic Music Group (AMG), part of Warner Music Group (Nasdaq: WMG), unveiled its dynamic new leadership team and structure. Designed to maximize AMG's cultural impact and strengthen its creative expertise, the changes will empower dedicated A&R and Marketing teams at Atlantic Records, 300 Entertainment, and 10K Projects. Starting October 1, Elliot Grainge assumes the role of CEO of Atlantic Music Group, as Julie Greenwald passes the torch after two decades.