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Warner Music Group Corp. (WMG)

NasdaqGS - NasdaqGS Real-time price. Currency in USD
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30.30+0.66 (+2.23%)
At close: 4:00PM EDT

30.30 0.00 (0.00%)
After hours: 4:00PM EDT

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Trade prices are not sourced from all markets
Previous close29.64
Open29.60
Bid29.84 x 900
Ask30.43 x 900
Day's range29.51 - 30.44
52-week range26.99 - 34.76
Volume491,142
Avg. volume2,328,664
Market cap15.453B
Beta (5Y monthly)N/A
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings date04 Aug 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est33.36
  • Warner Music Group Shows the Music Industry Can Be Profitable Again
    Motley Fool

    Warner Music Group Shows the Music Industry Can Be Profitable Again

    Warner Music Group (NASDAQ: WMG) is home to some of the most iconic record labels, including Atlantic Records, Warner Records, and Parlophone Records, featuring recording artists such as Ed Sheeran, Bruno Mars, and Cardi B. In reality, this may have been the perfect time for Warner Music to go public.

  • Bloomberg

    Tencent’s Grip on Music Weakens After NetEase-Universal Deal

    (Bloomberg) -- NetEase Inc. struck a deal to license songs from Universal Music Group for the first time, a move that will further Beijing’s effort to dismantle Tencent Holdings Ltd.’s commanding lead in Chinese music streaming.The world’s biggest music company said it’s agreed to license tunes to both Tencent Music Entertainment Group and closest rival NetEase, ending an exclusive arrangement with China’s dominant music-streaming platform. Tencent Music’s shares dropped 2% in New York, but its parent gained 3.5% in Hong Kong after falling two straight days.The move gives NetEase new ammunition in a fight against Tencent. China’s antitrust authorities had investigated Tencent’s dealings with the world’s three biggest record labels but the probe was suspended this year, people familiar with the matter said in February.Read more: Tencent Music Antitrust Probe Suspended by China AuthoritiesThe pact with NetEase lets subscribers get Vivendi SA-controlled Universal Music’s full roster and the two will work on ways to let customers interact with artists. Tencent Music’s separate deal with Universal Music extends a current licensing agreement by multiple years, and the duo will establish a joint music label in China, according to a separate statement. Financial terms weren’t disclosed.Universal Music, Sony Music Entertainment and Warner Music Group Corp. have all sold exclusive rights to a major chunk of their music catalogs to Tencent Music, which is backed by Sony and Warner. Tencent Music then sublicenses that content to smaller platforms including those operated by NetEase, Alibaba Group Holding Ltd, and Xiaomi Corp. Competing platforms like NetEase have to “pay two to three times the reasonable cost” for content under such arrangements, NetEase Chief Executive Officer William Ding said on a February earnings conference call.Tencent Music’s revenue grew 17.5% in the second quarter to 6.93 billion yuan ($981 million), beating analysts’ estimates.“We are excited to work together in the years ahead, to help our artists continue to achieve new levels of success in China,” Sunny Chang, chief executive officer of Universal Music’s operations in China, said in the statement.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Analyst: VOD deal between NBCUniversal, AMC will likely 'dampen movie attendance,' hurt industry
    Yahoo Finance

    Analyst: VOD deal between NBCUniversal, AMC will likely 'dampen movie attendance,' hurt industry

    NBCUniversal and AMC’s historic theatrical deal is groundbreaking for the industry — but it could spell trouble for smaller theater chains across the United States.

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