<ul><li><keyword id="347869" type="COMPANY" weightage="60" keywordseo="Warner-Music-Group">Warner Music Group</keyword> made its public trading debut Wednesday after pricing its initial public offering at $25 per share. </li><li>Shares of the company surged as much as 20% Wednesday, reaching an intraday high of $30.84</li><li>Warner Music's $1.925 billion <keyword id="6354763" type="UNKNOWN" weightage="60" keywordseo="ipo">IPO</keyword> is so far the biggest US deal of the year. </li><li><a href="https://www.businessinsider.com/">Read more on Business Insider.</a></li></ul>Warner Music Group, the biggest US IPO of 2020, surged as much as 20% Wednesday in its public-trading debut. Shares of the company, which trade under the ticker <keyword id="250729" type="COMPANY" weightage="60" keywordseo="WMG">WMG</keyword>, hit an intraday high of $30.84 per share after first trading for $27 a piece on Wednesday. The company priced its IPO at $25 per share Wednesday, the higher end of its range of $23 to $26. Warner Music, which is the parent company of record labels such as Atlantic Records, Warner Records, and Elektra Records, raised $1.925 billion in the offering of 77 million shares, up from the original 70 million shares. Read more: <a href="https://www.businessinsider.com/value-investing-strategy-warren-buffett-3-stock-picks-john-buckingham-2020-6">A portfolio manager at a $4.6 billion shop breaks down his Warren Buffett-inspired approach to investing — and shares 3 stocks he loaded up on in a 'really attractive' market upended by the coronavirus</a>The IPO's success is a further signal that the US <keyword id="402627" type="PERSON" weightage="60" keywordseo="IPO-market">IPO market</keyword>, which was hit hard in the coronavirus-related rout in March, is recovering. The company delayed the pricing of its public offering on Tuesday when the music industry paused to show solidarity with those protesting the death of George Floyd in police custody in Minnesota on May 25. Warner Music labels represent popular artists such as Lizzo, Cardi B, Ed Sheeran, and Bruno Mars.

Warner Music skyrockets 20% on its first day of trading in the biggest US IPO of 2020

<ul class="summary-list"><li>Megan Thee Stallion and Warner Music Group signed a new agreement on Friday, Business Insider has learned. </li><li>The unique deal allows Megan to stay independent while leveraging the major label's global resources. </li></ul>Megan Thee Stallion and Warner Music Group (WMG) signed a new agreement on Friday, Business Insider has learned.The agreement "will enable the Houston native to maintain her independence as a musician while also having access to the music company's robust global services, ranging from radio promotion to marketing worldwide," according to the artist's representative. Megan's rep further detailed the "innovative" deal in a release to Business Insider: <blockquote class="blockquote"><section class="blockquote-wrapper">Through the unique structure of the agreement, Megan will have distribution and resources with Warner Music, while she has full ownership of her masters and publishing.In this agreement, the three-time, Grammy-winning artist will release music through Hot Girl Productions — her independent music and entertainment entity — and simultaneously work with Warner Music and its international affiliates. Additionally, Megan has full creative control of her music releases along with the option to bring artists that are signed to her imprint into the WMG ecosystem.</section></blockquote>The deal follows an <a href="https://www.billboard.com/business/legal/megan-thee-stallion-1501-entertainment-legal-settlement-1235449002/" target="_blank" rel="noopener">October 2023 settlement</a> between Megan and her former label, 1501 Certified Entertainment. The settlement ended a yearslong legal battle over what she called an "unconscionable" contract with the label, which she alleged prevented her from releasing new music and withheld royalties.Following the settlement, Megan released two independent singles, "<a href="https://www.youtube.com/watch?v=DOZNRoL0310" target="_blank" rel="noopener">Cobra</a>" and "<a href="https://www.youtube.com/watch?v=XVgCLQ_JQfU" target="_blank" rel="noopener">Hiss</a>," the latter of which stands at No. 1 on Apple Music's Global chart, Spotify's US chart, and YouTube's Trending Music chart a week after its release. "This is the beginning of an exciting new chapter of my life and career," Megan told Business Insider. "I'm really focused on building an empire and growing as an entrepreneur, so I'm proud to take this next step in my journey and work with Max Lousada and the entire Warner Music Group team in this new capacity. I know we're going to create history together."WMG's 300 Entertainment subsidiary previously distributed Megan's music from 2018 until November last year. Jay-Z's Roc Nation will continue to manage Megan following the new agreement with WMG. "Meg is not just a superstar," WMG Recorded Music CEO Max Lousada said. "She's an artistic force and a mogul in the making — authentic and unapologetic in defining her own unique place in the cultural landscape. So many relate to her remarkable story and have witnessed her come into her power on her own terms. At Warner, we're creating an environment where original talents can explore both their creativity and entrepreneurialism, while building long-term careers. Following on her success with 300, we're excited to continue our journey with Meg through this dynamic new partnership, with our global teams, infrastructure, and expertise supporting her every step of the way.""Megan continues to be an absolute trailblazer," Roc Nation CEO Desiree Perez said. "This new chapter with Warner Music Group will shift the landscape in the music industry and empower other independent artists to follow in her footsteps and claim their power. It's also a testament to Max's ability to reimagine the relationships that major music companies can engage in with independent artists."

Megan Thee Stallion and Warner Music Group sign 'innovative' new agreement that enables her to stay independent while working with the company's resources

<ul><li><keyword id="347869" type="General" weightage="20" keywordseo="warner-music-group" source="Orion">Warner Music Group</keyword> is building a ‘musical’ <keyword id="11121339" type="General" weightage="20" keywordseo="metaverse" source="Orion">metaverse</keyword> within the metaverse platform <keyword id="12166193" type="General" weightage="20" keywordseo="the-sandbox" source="Orion">The Sandbox</keyword>.</li><li>The ‘ESTATE’ will be developed as a cross between a musical theme park and a concert venue.</li><li>Some of the Warner Music Group’s greatest hits include <keyword id="10208686" type="General" weightage="20" keywordseo="singing-in-the-rain" source="Orion">Singing in the Rain</keyword>, <keyword id="230432" type="General" weightage="20" keywordseo="wizard-of-oz" source="Orion">Wizard of Oz</keyword> and Willy Wonka and the Chocolate Factory.</li></ul>Warner Music Group wants to build a musical visual world within The Sandbox metaverse. The company behind hits like Singing in the Rain, Wizard of Oz and Willy Wonka and the Chocolate Factory has acquired a plot of land within the metaverse and will feature performances by some of the firms’ artists. <div type="ExtQuote" text="As a first mover, Warner Music has secured the equivalent of beachfront property in the metaverse." auname="Statement by Warner Music Group in its partnership with The Sandbox"></div> The plot of land, termed ‘ESTATE’, is slated to be a cross between a musical theme park and a concert venue. While WMG may call itself a ‘first mover’, it’s actually a little late to the party. The Sandbox has over 200 other partnerships with big wig companies like Adidas, celebrities like Snoop Dogg and collectible NFT platform CryptoKitties already up and running. <cmsannotation type="cmsannotation" annotationid="How the ‘metaverse’ is disrupting the entertainment space" comment="subhead" text="How the ‘metaverse’ is disrupting the entertainment space">How the ‘metaverse’ is disrupting the entertainment space</cmsannotation> Concerts may no longer have been the most lucrative way for musical artists to earn money, but the COVID-19 pandemic certainly put a stop to at least one revenue stream for musical artists. No more performances or guest appearances or even studio recordings, for a while at least, during the peak of the pandemic. Not only did the metaverse become a way for artists like Justin Beiber and Katy Perry to engage with their fans during 2021, but also new concepts like <keyword id="13052722" type="General" weightage="20" keywordseo="nft-bands" source="Orion">NFT bands</keyword> and NFT music videos emerged. NFT collection, the Bored Apes Yacht Club (BAYC) launched its own band called KINGSHIP in partnership with the Universal Group during the 2021 hype. Around the same time, other notable artists seen dropping NFTs include Mick Jagger, Eminem, Steve Aoki, and, of course, Snoop Dogg — who revealed himself to be the Twitter influencer called CozomoMedici. The metaverse platform Decentraland hosted a four-day Metaverse Festival in 2021. The event featured 80 artists and DJs including Deadmau5, DJ Paris Hilton, and even homegrown RENU. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/investment/news/experts-guide-to-understanding-the-role-of-defi-in-digital-finance/articleshow/89136201.cms">OPINION: Experts’ guide to understanding the role of DeFi in digital finance</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/tvs-motor-pnb-kotak-mahindra-bank-lampt-dr-reddys-and-other-hot-stocks-on-january-28/slidelist/89169873.cms">TVS Motor, PNB, Kotak Mahindra Bank, L&amp;T, Dr. Reddy’s and other hot stocks on January 28</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/investment/news/indian-crypto-exchanges-influencers-fall-prey-to-hacks-promoting-crypto-scam/articleshow/89135824.cms">Indian crypto exchanges, influencers fall prey to hacks promoting crypto scam</a>

Warner Music Group plans to build a ‘musical’ theme park and concert venue within The Sandbox metaverse

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<ul><li><keyword id="347869" type="COMPANY" weightage="60" keywordseo="Warner-Music-Group">Warner Music Group</keyword> plans to list 70 million shares on the Nasdaq exchange, reviving <keyword id="6354763" type="UNKNOWN" weightage="60" keywordseo="ipo">IPO</keyword> plans that were first canceled amid the coronavirus outbreak.</li><li>The label giant plans to sell shares between $23 and $26 each, according to a Tuesday <a href="https://www.sec.gov/Archives/edgar/data/1319161/000119312520150678/0001193125-20-150678-index.htm">regulatory filing</a>, meaning the IPO could bring in as much as $1.8 billion.</li><li>The company first announced its IPO plans in early February but pulled back after the pandemic disrupted physical retail operations, concert plans, merchandise sales, and video shoots.</li><li><a href="https://www.businessinsider.com/?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestutm_source=msn.com&amp;utm_medium=referral&amp;utm_content=msn-slideshow&amp;utm_campaign=bodyurlutm_campaign=bodyurl">Visit the Business Insider homepage for more stories</a>.</li></ul><keyword id="256278" type="COMPANY" weightage="60" keywordseo="Warner-Music">Warner Music</keyword> Group announced Tuesday it plans to list 70 million shares about three months after canceling the multibillion-dollar <keyword id="35216" type="ENTERTAINMENT" weightage="60" keywordseo="initial-public-offering">initial public offering</keyword>.The label conglomerate aims to sell shares between $23 and $26 each and bring in as much as $1.8 billion, according to a Tuesday <a href="https://www.sec.gov/Archives/edgar/data/1319161/000119312520150678/0001193125-20-150678-index.htm">regulatory filing</a>. The company will list shares on the Nasdaq exchange under the ticker WMG. Warner Music <a href="https://markets.businessinsider.com/news/stocks/warner-music-group-files-ipo-streaming-boosts-record-industry-s1-2020-2-1028885110">initially planned to go public in the first quarter</a> but pulled its IPO after the coronavirus slammed financial <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword>. The pandemic and corresponding government responses disrupted the company's supply chains and halted physical retail operations. Strict lockdowns further dragged on the firm's earnings as concerts, merchandise sales, and video shoots were indefinitely delayed, the company added.Read more: <a href="https://www.businessinsider.com/coronavirus-crisis-investing-strategy-one-signal-driven-gains-michael-gayed-2020-5">Michael Gayed's fund relied on just one market signal to book a huge profit when the coronavirus crushed stocks — and his returns are still soaring. He breaks down his simple approach to crisis investing.</a>Warner Music is the world's third-largest label with a collection of artists including Bruno Mars, Camila Cabello, Ed Sheeran, and Janelle Monae. Labels operating within the company include Atlantic, Spinnin, Warner Records, Parlophone, and Elektra.Warner Music said it will not receive any of the offering's proceeds and that parent firm Access Industries will offload the shares. <a href="https://markets.businessinsider.com/stocks/ms-stock">Morgan Stanley</a>, <a href="https://markets.businessinsider.com/stocks/cs-stock">Credit Suisse</a>, and <a href="https://markets.businessinsider.com/stocks/gs-stock">Goldman Sachs</a> will serve as the IPO's lead underwriters.Now read more markets coverage from Markets Insider and Business Insider:<a href="https://markets.businessinsider.com/news/stocks/3-stock-bond-market-strategies-economic-reopenings-coronavirus-recession-ubs-2020-5-1029228881">UBS lays out market strategies for all 3 economic-reopening scenarios, from a successful recovery to a COVID-19 resurgence</a><a href="https://markets.businessinsider.com/news/stocks/healthcare-stocks-hedge-funds-have-record-concentration-goldman-sachs-2020-5-1029227563">Hedge funds are piling into healthcare stocks at record levels, Goldman Sachs says</a><a href="https://www.businessinsider.com/3-part-investing-strategy-framework-blackrock-rick-rieder-2020-5">'It works for anything I look at': BlackRock's bond chief who oversees $2.3 trillion shares the 'really simple' 3-part framework that guides every investment decision he makes — and outlines 2 factors he looks for in a company</a>Read the original article on <a href="https://www.businessinsider.com/warner-music-group-ipo-revives-billion-stock-plan-coronavirus-delay-2020-5">Business Insider</a>

Warner Music Group resurrects its $1.8 billion IPO plan after canceling deal on coronavirus risks

<ul><li><keyword id="685487" type="COMPANY" weightage="20" keywordseo="Spotify">Spotify</keyword> users in India will finally be able to stream Bruno Mars, <keyword id="1432681" type="PERSON" weightage="20" keywordseo="Ed-Sheeran">Ed Sheeran</keyword> and other popular stars. </li><li>The music streaming service has renewed its partnership with the <keyword id="347869" type="COMPANY" weightage="20" keywordseo="Warner-Music-Group">Warner Music Group</keyword>, ending a very public dispute over music rights. </li><li>The music giant’s full library of songs now extends to India as well. </li></ul>Spotify and one the world’s largest music labels, Warner Music Group, have renewed their global licensing deal ending a very public dispute of music rights. The music giant’s full library of music will finally be available to users in India — including songs by Bruno Mars, <keyword id="34647" type="ENTERTAINMENT" weightage="20" keywordseo="Coldplay">Coldplay</keyword>, Ed Sheeran, Linkin Park and others. “Spotify and Warner Music Group are pleased to announce a renewed global licensing partnership. This expanded deal covers countries where Spotify is available today, as well as additional markets. The two companies look forward to collaborating on impactful global initiatives for Warner artists and songwriters, and working together to grow the music industry over the long term,” said a joint statement by the companies. The Indian music streaming industry is highly competitive with over 10 different music streaming apps in the market including local big wigs like Gaana, JioSaavn and Wynk. However, the Swedish music streaming app has been fighting its way through with one hand tied behind its back. The lawsuit by Warner Chappel Three days ahead of its launch in India, Spotify’s grand entry into one of the biggest music streaming markets in the world was marred by a <a href="https://www.businessinsider.in/spotify-india-launch-delayed-by-warner-music/articleshow/68165261.cms">lawsuit by Warner Chappel</a> — Warner Music Group’s local music publishing arm in February 2019. The Swedish music streaming app argued that it was using an Indian law, which allowed radio stations to play music from Chappel, to provide songs on its platform. However, it had to pull out millions of songs from its library as Chappel filed an injunction against Spotify. “WMG’s abusive behaviour would harm many non-Warner artists, labels and publisher, and prevent Spotify from competing in the market, leaving us no choice but to file for a statutory license,” the company <a href="https://www.businessinsider.in/spotify-india-launch-delayed-by-warner-music/articleshow/68165261.cms">told Business Insider</a> at the time. Blaise Fernandes, CEO of the Indian Music Industry (<a href="https://thenextweb.com/in/2020/02/07/indias-streaming-music-market-is-now-200-million-strong-but-hardly-anyones-paying-for-it/">IMI</a>), estimates that there are around 200 million people in India who are streaming music. While the demand for music is huge, people don’t want to dip into their pockets to listen to songs. The disparity has made it hard for international giants to find their footing in India. This is true not just for Spotify but also other players like Apple and the newly-launched Resso. See also: <a href="https://www.businessinsider.in/spotify-india-launch-delayed-by-warner-music/articleshow/68165261.cms">Another thorn in Spotify’s side ahead of its India launch</a> <a href="https://www.businessinsider.in/science/news/people-are-making-coronavirus-and-quarantine-themed-spotify-playlists/articleshow/74602997.cms">People are making coronavirus and quarantine themed Spotify playlists</a> <a href="https://www.businessinsider.in/careers/news/spotify-made-its-shuffle-feature-less-random-so-that-it-would-actually-feel-more-random-to-listeners-heres-why/articleshow/74657263.cms">Spotify made its shuffle feature less random so that it would actually feel more random to listeners - here's why</a>

Bruno Mars, Ed Sheeran, Coldplay and others will now be available to Spotify users in India

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><img src="https://static-ssl.businessinsider.com/image/56deb111dd0895d3708b4569-1201-901/deepmind-demishassabis-01-300dpi.jpg" alt="DeepMind Demis Hassabis" data-mce-source="Google DeepMind" />Google DeepMindDeepMind cofounder and CEO Demis Hassabis.</div></div></div>Google DeepMind's AI beat Go world champion Lee Sedol for the third time on Saturday to take the Challenge Series tournament, which is being held in South Korea.The AlphaGo AI is now 3-0 up in the five-game series so there is no way 18-time world champion Lee Sedol can come back from here. However, the remaining games on Sunday and Tuesday will still be played out.It's a major milestone for artificial-intelligence research: Go is a simple game but has been notoriously difficult for computers to master because of the sheer number of potential moves. While AI programs began being able to beat humans at chess decades ago, the best Go players in the world have always been able to outsmart Go-playing software - until now.Go is a two-player turn-based strategy game. Each player puts down either black or white stones in an attempt to outmaneuver and surround the other player. It's easy to pick up but takes years to master.DeepMind cofounders Demis Hassabis and Shane Legg have publicly celebrated their victory on Twitter. Hassabis described it as a "historic moment." Legg wrote: "They said this wouldn't happen for a long time... but it just did!"<blockquote class="twitter-tweet" data-partner="tweetdeck"><a href="https://twitter.com/hashtag/AlphaGo?src=hash">#AlphaGo</a> won game 3 and the match! Historic moment. In complete awe of Lee Sedol's incredible genius, and proud of the amazing AlphaGo team!- Demis Hassabis (@demishassabis) <a href="https://twitter.com/demishassabis/status/708567021122772992">March 12, 2016</a></blockquote><blockquote class="twitter-tweet" data-partner="tweetdeck">They said this wouldn't happen for a long time... but it just did! Well done team and thanks to Sedol for fighting hard to the end <a href="https://twitter.com/hashtag/AlphaGo?src=hash">#AlphaGo</a>- Shane Legg (@ShaneLegg) <a href="https://twitter.com/ShaneLegg/status/708568266919305216">March 12, 2016</a></blockquote><script async="" src="//platform.twitter.com/widgets.js" charset="utf-8"></script><script async="" src="//platform.twitter.com/widgets.js" charset="utf-8"></script>The tournament has been closely watched by the most senior people at Alphabet and Google. Alphabet presdient Sergey Brin attended the third game, while Alphabet chairman Eric Schmidt was there for the first. Google CEO Sundar Pichai was also tweeting about it earlier in the week.<blockquote class="twitter-tweet" data-lang="en">Incredible moment for AI. Congrats to AlphaGo and Lee Sedol for a great game. More to come! <a href="https://t.co/0Ekk1C3wmg">https://t.co/0Ekk1C3wmg</a>- sundarpichai (@sundarpichai) <a href="https://twitter.com/sundarpichai/status/707475368559546368">March 9, 2016</a></blockquote><script async="" src="//platform.twitter.com/widgets.js" charset="utf-8"></script> A post game press conference is due to take place at some point on Saturday morning (GMT). It can be <a href="https://www.youtube.com/watch?v=qUAmTYHEyM8" target="_blank">watched here</a>. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/view-amazon-lifetime-order-history-2016-2">Here's how to see how much you've spent on Amazon in your lifetime</a></h3> <div> <div> <script src="http://player.ooyala.com/v3/6e12e8b3387a44daacfb73afba25a76e"></script> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="85Z3c4MTE63ILItwGAW-Hn2RKesYMYyc" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> <script> if (typeof RunFunctions === 'undefined') { var RunFunctions = []; } RunFunctions.push(function() { var ooyalapopvideo = OO.Player.create('ooyalaplayer_popvideo', '85Z3c4MTE63ILItwGAW-Hn2RKesYMYyc',{ autoplay: 'false' }); }); </script> <noscript><div>Please enable Javascript to watch this video</div></noscript></div> </div> <script>(function() { function createPlayer() { OO.ready(function() { RunFunctions.forEach(function(ooyalaFunction) { ooyalaFunction(); }); RunFunctions = [];}); } createPlayer(); }()); </script> </div>

You Searched For "WMG" and got 7 results

Warner Music skyrockets 20% on its first day of trading in the biggest US IPO of 2020

Carmen Reinicke

Megan Thee Stallion and Warner Music Group sign 'innovative' new agreement that enables her to stay independent while working with the company's resources

John Lynch

Warner Music Group plans to build a ‘musical’ theme park and concert venue within The Sandbox metaverse

BI India Bureau

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Shradha Aneja

Warner Music Group resurrects its $1.8 billion IPO plan after canceling deal on coronavirus risks

Ben Winck

Bruno Mars, Ed Sheeran, Coldplay and others will now be available to Spotify users in India

Prabhjote Gill

'HISTORIC MOMENT': Google DeepMind wins tournament against Go world champion Lee Sedol

Sam Shead