After spending the past eight years as a private company, Warner Music Group is looking to come back on the public market, the major label announced on Thursday, filing an Initial Public Offering request through the U.S. Securities and Exchange Commission.
The announcement comes just after a record first quarter for Wmg in which the label pulled in $1.25 billion in revenue and netted $122 million in income, a nearly 42% income increase from the same quarter a year ago. It was the highest quarterly revenue Warner had in 16 years since splitting...
The announcement comes just after a record first quarter for Wmg in which the label pulled in $1.25 billion in revenue and netted $122 million in income, a nearly 42% income increase from the same quarter a year ago. It was the highest quarterly revenue Warner had in 16 years since splitting...
- 2/6/2020
- by Ethan Millman
- Rollingstone.com
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