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Newly Public Warner Music Faces COVID-19 Headwinds

Luis Sanchez CFA, The Motley Fool
·4-min read
Newly Public Warner Music Faces COVID-19 Headwinds
Newly Public Warner Music Faces COVID-19 Headwinds

Warner Music Group (NASDAQ: WMG) is a record label that discovers and produces music for recording artists in a variety of genres. Major recording artists, including Ed Sheeran, The Weeknd, and Lil Uzi Vert, use Warner Music's platform to market and distribute their music to the public. Earlier this year, Warner Music became a publicly traded company offering 77 million shares of stock at a price of $25 per share.