Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Medical Leave of Absence for Chief Financial Officer

Effective November 11, 2021, Eric Levin, the Executive Vice President and Chief Financial Officer of Warner Music Group Corp. (the "Company"), has begun a paid medical leave of absence from the Company. Mr. Levin will continue to receive the same compensation package during his medical leave.

Appointment of Acting Chief Financial Officer

In connection with Mr. Levin's medical leave of absence, the Company's Board of Directors appointed Senior Vice President & Corporate Controller, Louis Dickler, to serve as the Company's Acting Chief Financial Officer, effective November 11, 2021. Mr. Dickler, age 44, has served as our Senior Vice President & Corporate Controller since October 2011. Mr. Dickler began his career in the professional services industry as an audit manager at KPMG, before joining the Company as Associate Director of Corporate Finance in May 2005. In addition to serving as Acting Chief Financial Officer of the Company, Mr. Dickler will continue to serve as Senior Vice President & Corporate Controller of the Company.

There are no arrangements or understandings between Mr. Dickler and any other person or persons pursuant to which Mr. Dickler was appointed as Acting Chief Financial Officer, and there is no family relationship between Mr. Dickler and any other director or executive officer of the Company or any person nominated or chosen by the Company to become a director or executive officer. There are no transactions between the Company and Mr. Dickler that are reportable pursuant to Item 404(a) of Regulation S-K.

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