Warner Music Group Corp. Stock

Warner Music Group Corp. is a music content company. The Company consists of two businesses: Recorded Music and Music Publishing. The Recorded Music business produces revenue through the marketing, sale and licensing of recorded music in various physical, such as compact discs (CDs), long playings (LPs), and digital versatile discs (DVDs) and digital (such as downloads and ringtones) formats. The Music Publishing business owns and acquires rights to musical compositions, exploits and markets these compositions and receives royalties or fees for their use. It publishes music across a range of musical styles. It holds rights over one million copyrights from over 65,000 songwriters and composers. The Company acquired Groove Addicts Production Music Library and Carlin Recorded Music Library in 2010. In July 2013, Vivendi SA and Universal Music Group announced the completion of the sale of Parlophone Label Group to Warner Music Group Corp.