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WARNER MUSIC GROUP CORP.

(WMG)
  Report
Delayed Nasdaq  -  04:00:01 2023-02-03 pm EST
37.04 USD   -1.02%
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Warner Music : Lanre Gaba Named Co-President, Black Music for Atlantic Records

01/18/2022 | 12:30pm EST

Highly Respected Leader Brings Wide-Ranging Experience to New Post

Lanre Gaba has been promoted to Co-President, Black Music for Atlantic Records. The highly respected executive, who celebrates her 20th anniversary with the label this year, was most recently Atlantic's General Manager/Executive Vice President of Black Music A&R. In her new post, Gaba will work alongside Co-President, Black Music Mike Kyser. Based at Atlantic's New York headquarters, she reports jointly to Atlantic Chairman & CEO Craig Kallman and Chairman & COO Julie Greenwald.

"Lanre's growth over the past two decades has been a wonderful thing to witness," said Craig Kallman and Julie Greenwald. "She's evolved into one of the most admired and accomplished execs in our business, driven by a real fan's passion, deep knowledge, and relentless work ethic. Our artists and our team love her for her devotion, creativity, and experience. The combination of Lanre and Kyser will make a brilliant leadership duo for our Black Music department, as we continue to provide our artists unparalleled dedication and resources to launch and build long-term careers. We congratulate Lanre on this richly deserved new post."

"I've had an amazing journey at Atlantic," said Lanre Gaba. "To be given the opportunities I've had at every step of the way, and to have been mentored by Craig and Julie has been an extraordinary experience. Atlantic was built on Black Music and a continued legacy of artist development. We have the most exceptional artists on our roster, whose music moves the culture. Our Black Music team is unmatched in the industry for our reputation in breaking new artists. I'm so excited to work with Kyser to continue to build the best home for our talent to realize their visions and for their music to reach fans across the globe."

"Lanre's knowledge and experience spans nearly every area of our business, from A&R to marketing to finance," said Mike Kyser. "She's become one of the most versatile and impressive players in the business, while playing a key role in the evolution of our Black Music department. I'm very happy to welcome her as my partner as we strive to raise the level of services and expand the breadth of support we offer our incredible artists. I know we'll be doing great things together."

Since joining Atlantic, Gaba has climbed the ranks, with her role evolving to encompass A&R, marketing, strategic planning, finance, and the label's recording studio operations. During her tenure at the company, she has worked closely with artists such as Cardi B, Roddy Ricch, Jack Harlow, Lil Uzi Vert, Gucci Mane, Burna Boy, A Boogie Wit da Hoodie, YoungBoy Never Broke Again, recent signing FKA twigs, and many others. She also played a key role in the launch and development of Gucci Mane's The New 1017 label, which led to the signing of rising star Pooh Shiesty.

In 2019, Gaba was named RIAA Executive of the Year at the first RIAA Honors event, acknowledging her role in developing major talent as well as her contributions to advancing women in the music industry. She has been recognized by Billboard on its prestigious R&B and Hip-Hop Power Players list and in its Women in Music issue. In 2021, she was featured as Billboard Executive of the Week and honored on the magazine's Change Agents list for her advocacy efforts toward racial justice and social change.

Gaba joined Atlantic in 2002 in the A&R Administration department, advancing from Manager to Vice President. In 2015, she was appointed Head of Urban A&R Operations, and she became General Manager/Senior Vice President of Urban A&R in 2018. In January 2021, Gaba was upped to Executive Vice President of Black Music A&R. Prior to Atlantic, she held posts at EMI Music Publishing and Ruffhouse Music Publishing. Gaba attended Syracuse University. She currently serves on the Advisory Board of the Clive Davis Institute of Recorded Music at New York University and Gyrl Wonder, a mentoring organization for young women of color.

Disclaimer

Warner Music Group Corporation published this content on 18 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 January 2022 17:29:06 UTC.


ę Publicnow 2022
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Financials (USD)
Sales 2023 6 086 M - -
Net income 2023 495 M - -
Net Debt 2023 3 018 M - -
P/E ratio 2023 37,9x
Yield 2023 1,74%
Capitalization 19 110 M 19 110 M -
EV / Sales 2023 3,64x
EV / Sales 2024 3,31x
Nbr of Employees 6 200
Free-Float 22,2%
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Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 37,04 $
Average target price 36,35 $
Spread / Average Target -1,86%
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Managers and Directors
Stephen F. Cooper President, Co-Chief Executive Officer & Director
Robert Kyncl Co-Chief Executive Officer
Eric Joshua Levin Chief Financial Officer & Executive Vice President
Michael M. Lynton Chairman
Trent Tappe Secretary, Chief Compliance Officer & SVP
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