Warner Music Group
Warner Music Group Corp., commonly abbreviated as
WMG, is an American
multinational entertainment and
record label conglomerate headquartered in
New York City. It is one of the "
big three" recording companies and the third-largest in the global music industry, after
Universal Music Group (UMG) and
Sony Music Entertainment (SME). Formerly part of Time Warner (later known as
WarnerMedia, now
Warner Bros. Discovery), WMG was publicly traded on the
New York Stock Exchange from 2005 until 2011, when it announced its
privatization and sale to
Access Industries. It later had its second
IPO on
Nasdaq in 2020, once again becoming a public company. With a multibillion-dollar annual turnover, WMG employs more than 4,500 people and has operations in more than 50 countries throughout the world.
The company owns and operates some of the largest and most successful labels in the world, including
Elektra Records,
Reprise Records,
Warner Records,
Parlophone Records (previously owned by
EMI), and
Atlantic Records. WMG also owns
Warner Chappell Music, one of the world's largest music publishers.
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