What does WMG mean in Companies & Firms?

Warner Music Group

Warner Music Group Corp. (WMG) is an American multinational entertainment and record label conglomerate headquartered in New York City. It is one of the "big three" recording companies and the third largest in the global music industry, after Universal Music Group (UMG) and Sony Music Entertainment (SME). Formerly part of Time Warner (now WarnerMedia), WMG was publicly traded on the New York Stock Exchange from 2005 until 2011, when it announced its privatization and sale to Access Industries. It later had its second IPO on Nasdaq in 2020, once again becoming a public company. With a multibillion-dollar annual turnover, WMG employs more than 3,500 people and has operations in more than 50 countries throughout the world.The company owns and operates some of the largest and most successful labels in the world, including Elektra Records, Warner Records, Parlophone Records, and Atlantic Records. WMG also owns Warner Chappell Music, one of the world's largest music publishers. Since August 2, 2018, WMG has expanded its business to digital media operation through its acquisition of Uproxx.

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