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ABOUT WARNER MUSIC GROUP
Warner Music Group (WMG) is one of the four major record labels.
Warner Music Group also has a
publishing arm, Warner/Chappell Music, which dates
back to 1929, when Jack
Warner, president of Warner Bros. Pictures Inc., founded
Music Publishers Holding Company (“MPHC”) to acquire music copyrights
as a means of providing inexpensive music for films. Among the
historic compositions in which the publishing rights are controlled by
WMG are the works of Cole Porter, Richard Rodgers and Lorenz
Hart. Its printed music operation, Warner Bros. Publications, was
sold to Alfred Publishing in June 2006.
WMG's roots in what became Time
Warner date back to the founding of Warner Bros. Records as a division of
the Warner Bros. movie studio in 1958. After
Warner Bros. became Warner Bros.-Seven Arts in 1967,
it purchased Atlantic Records, now WMG's oldest label.
When its successor Kinney National Company bought Elektra Records in 1970 and then became Warner Communications in 1971, it
assembled the three labels into a group then known as WEA (Warner-Elektra-Atlantic); that name was also used as a label outside
the U.S. (WMG's current logo is the former Warner Communications logo).
In 1990, it was announced that Warner Communications was to merge with Time
Inc. to form Time Warner.
Time Warner sold the company in
late 2003 to a group of investors led by Edgar Bronfman, Jr. for $2.6 billion.
Time Warner was reportedly attempting to reduce its debt load. This
spinoff was completed on February
27, 2004.
In the 2004 transition to independent ownership, WMG hired record
industry heavyweight Lyor Cohen from Universal Music Group to attempt to
reduce cost and increase performance.
On May 5, 2006, WMG apparently rejected a buyout offer from EMI.
Then WMG offered to buy EMI and it also rejected the offer. The two companies
are still in talks about a potential merger. It is
interesting to note that Time Warner may still have some ownership of
Warner Music because WMG does not license its trademarks from its
former parent company.
Top WMG
Artists
Warner
Music Group Labels
Warner Music Group's labels
include the following:
Atlantic Records Group
Independent Label Group
Rhino Entertainment Company
Ryko Corporation
Warner Bros. Records Inc.
WEA International Inc.
WEA International Inc. has
divisions worldwide such as Australia, Japan and all over Europe. These
branches are usually called Warner Music followed by the name of the
country. Some labels have more than one record company for example the
UK has Warner Bros. UK and Atlantic UK.
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| For more about Warner
Music
Group,
please the company's Web site. |
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