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Warner Music Group Corp., [6] 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 Group (SMG).
Robert Kyncl (born October 1970) is an American business executive. He became the CEO of Warner Music Group on January 1, 2023. He was previously the Chief Business Officer at YouTube where he oversaw all business functions, partnerships and operations.
Alternative Distribution Alliance (ADA) is a music distribution company owned by Warner Music Group, which represents the rights to various independent record labels. [1] ADA provides "independent artist and label partners with access to the resources, relationships and experience required to share their creative vision with a global audience." [2]
Image source: The Motley Fool. Warner Music Group (NASDAQ: WMG) Q4 2024 Earnings Call Nov 21, 2024, 8:30 a.m. ET. Contents: Prepared Remarks. Questions and Answers. Call Participants
Warner Music Group will part ways this year with approximately 10% of its workforce, or about 600 employees, Chief Executive Robert Kyncl announced this week.
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In 2021, Warner Music Group acquired 300 for $400 million. [3] In June 2022, 300 Entertainment was merged with Elektra Music Group to create the umbrella label 300 Elektra Entertainment (3EE), though both Elektra and 300 continued to maintain their separate identities as labels.
300 Elektra Entertainment (3EE) is an umbrella label group owned by Warner Music Group. It exists as a merger of 300 Entertainment and Elektra Music Group, along with its respectively owned labels. The umbrella label describes itself as "[having] the mindset of an independent and the muscle of a major". [1]