Robert Kyncl Named CEO of Warner Music Group Starting

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Entrepreneurial Leader and Creator Economy Pioneer Joining from YouTube

Entrepreneurial Leader and Creator Economy Pioneer Joining from YouTube

Steve Cooper to Complete Successful Tenure as Longest-Running WMG CEO on January 31

NEW YORK, Sept. 21, 2022 (GLOBE NEWSWIRE) — Robert Kyncl has been appointed Chief Executive Officer of Warner Music Group Corp. (Nasdaq: WMG), efficient January 1, 2023. Kyncl at present serves as Chief Business Officer at YouTube, the place he’s been instrumental in its phenomenal progress throughout all platforms. To guarantee a clean management transition, Kyncl and present WMG CEO Steve Cooper will function Co-CEOs for the month of January 2023. As of February 1, 2023, Kyncl will turn into sole CEO of WMG and assume Cooper’s board seat on WMG’s Board of Directors.

Since 2010, Kyncl has performed a central position in YouTube’s technique and its impression on leisure and tradition, together with overseeing its artistic and business partnerships, in addition to its operations. He’s pushed the event and enlargement of YouTube’s creator, artist, and media firm ecosystem, whereas serving to lead the launch of its paid subscription companies, YouTube Music, YouTube Premium, and YouTube TV. Prior to YouTube, Kyncl spent seven years at Netflix, the place he led the push into streaming movie and TV content material, serving to the corporate evolve into an leisure large. 

Cooper is the longest-running CEO in WMG’s historical past, having been appointed in August 2011, following the acquisition of the corporate by Len Blavatnik’s Access Industries. During Cooper’s management, the corporate has expanded its funding in artists and songwriters, grown its world market share, and diversified its income sources. The first music leisure firm to report streaming as its largest supply of recorded music income, WMG has now established a status as a Web 3.0 innovator. In the final decade, the corporate has acquired firms comparable to Parlophone Label Group, Gold Typhoon, Spinnin’, and 300, launched operations in over 20 extra international locations, and assembled a community of D2C locations below the WMX banner.

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WMG’s Board of Directors mentioned, “After a thorough search, we’re delighted to be appointing Robert Kyncl, who will make an outstanding leader for WMG’s continued transformation and success. We thank Steve for his many accomplishments over more than a decade, and we look forward to welcoming our new CEO in January.”

Len Blavatnik, Founder and Chairman of Access Industries mentioned, “Robert is the right CEO to meet this moment. His command of technology to serve creativity will unlock new opportunities at scale for artists, songwriters, and their teams. He sees over the horizon to find ways to make world-class entertainment accessible for all.”

He added, “It would be difficult to overstate our gratitude to Steve for all his expertise and hard work. He has done an exceptional job driving the company from decline to growth and spearheading its 2020 IPO. He has established a strong management team and culture, and his tenure at WMG will benefit the music ecosystem for years to come.”

Robert Kyncl mentioned, “Music is an incredible creative force, with an unmatched ability to bring emotions, build communities, and propel change. We’re just at the beginning of what’s possible in recognizing music’s true power, value, and reach. Thanks to Steve and his team, WMG is very well positioned for a future of serving artists and songwriters, as well as their fans. I’m looking forward to partnering with Max [Lousada], Guy [Moot], Carianne [Marshall], and all of the company’s leadership, and I thank WMG’s Board of Directors, Len, and Steve, for this once-in-a-lifetime opportunity at this iconic company.”

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Steve Cooper mentioned, “Robert is a fantastic choice for CEO. He’s a hugely talented executive who’ll bring dynamic energy to WMG and the music entertainment business. He’ll have world-class partners in WMG’s senior management and global team. I’m very proud of all we’ve accomplished together, attracting and nurturing amazing artists and songwriters, while leading the industry in the use of new technologies and the expansion into emerging markets. After a smooth handover with Robert is complete, I’m looking forward to becoming a full-time fan of the best team in the business.”

Recruited by Netflix in 2003 to work on its DVD-by-mail business, Kyncl volunteered to discover the potential of streaming video in 2005 and helped ship the debut of Netflix’s streaming service in 2007. Having cast wide-ranging relationships throughout leisure tradition, he joined YouTube in 2010. He started his profession within the mailroom of a expertise company, J. Michael Bloom, after which labored for HBO International, earlier than becoming a member of a youngsters leisure start-up, ALFY.

Robert Kyncl and his spouse Luz run the Kyncl Family Foundation, which gives monetary help to college students from underrepresented communities pursuing STEM levels. A sought-after speaker on cultural developments and know-how, he’s the co-author of Streampunks: YouTube and the Rebels Remaking Media. He holds an MBA from Pepperdine University and a BS in International Relations from SUNY New Paltz.

Access accompanying picture right here.
Photo Courtesy of Warner Music Group

About Warner Music Group
With a legacy extending again over 200 years, Warner Music Group (WMG) right now brings collectively artists, songwriters, and entrepreneurs which might be shifting leisure tradition throughout the globe. Operating in additional than 70 international locations by a community of associates and licensees, WMG’s Recorded Music division contains famend labels comparable to 300 Entertainment, Asylum, Atlantic, Big Beat, Canvasback, Elektra, Erato, First Night, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Rhino, Roadrunner, Sire, Spinnin’, Warner Records, Warner Classics, and Warner Music Nashville. WMG’s music publishing arm, Warner Chappell Music, has a catalog of over a million copyrights spanning each musical style, from the requirements of the Great American Songbook to the largest hits of the twenty first century. Warner Music Group can also be dwelling to ADA, the unbiased artist and label companies firm – in addition to subsequent gen artist companies division WMX, which incorporates client manufacturers comparable to Songkick, the stay music app; EMP, the merchandise e-tailer; UPROXX, the youth tradition vacation spot; and HipHopDX, the hip-hop music information website. In addition, WMG counts storytelling powerhouse Warner Music Entertainment and social media content material creator IMGN amongst its many manufacturers. Follow WMG on Instagram, Twitter, LinkedIn, and Facebook.

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Media Contacts
James Steven
James.Steven@wmg.com

Summer Wilkie
Summer.Wilkie@wmg.com

Investor Relations Contact
Kareem Chin
Kareem.Chin@wmg.com



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