Warner Music Group announced that it has submitted paperwork to begin an initial public offering of its common stock
Warner Music Group announced on Thursday that it has submitted paperwork to begin an initial public offering of its common stock.
Warner Music Group's recorded music division generated $3.84 billion of revenue in fiscal year 2019, representing 86% of total revenues, according to the filing. The division is home to artists like Ed Sheeran, Bruno Mars and Cardi B, and includes storied labels like Atlantic, Elektra, Warner Music Nashville and the recently-rebranded Warner Records.
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