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NEW YORK, Nov. 10, 2022 (GLOBE NEWSWIRE) — Warner Music Group Corp. (“Warner Music Group” or “WMG”) immediately introduced that its Board of Directors declared an everyday quarterly money dividend of $ 0.16 per share on WMG’s Class A Common Stock and Class B Common Stock, representing an combination quarterly dividend of roughly $ 82.4 million (primarily based on the issued and excellent shares of Class A Common Stock and Class B Common Stock). The dividend is payable on December 1, 2022, to stockholders of report as of the shut of business on November 22, 2022.
About Warner Music Group
With a legacy extending again over 200 years, Warner Music Group immediately is residence to an unparalleled household of inventive artists, songwriters, and corporations which might be shifting tradition throughout the globe. At the core of WMG’s Recorded Music division are 4 of probably the most iconic firms in historical past: Atlantic, Elektra, Parlophone and Warner Records. They are joined by famend labels resembling 300 Entertainment, Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Fueled by Ramen, Nonesuch, Reprise, Rhino, Roadrunner, Sire, Spinnin’ Records, Warner Classics and Warner Music Nashville. Warner Chappell Music which traces its origins again to the founding of Chappell & Company in 1811 is likely one of the world’s main music publishers, with a catalog of a couple of million copyrights spanning each musical style from the requirements of the Great American Songbook to the most important hits of the 21st century.
This communication consists of forward-looking statements inside the that means of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements embrace statements concerning expectations as to the intention to pay common quarterly dividends. The forward- trying statements contained herein contain dangers and uncertainties that might trigger precise outcomes to vary materially from these referred to within the forward-looking statements. More details about Warner Music Group and different dangers associated to Warner Music Group are detailed in Warner Music Group’s most up-to-date annual report on Form 10-Ok and its quarterly studies on Form 10-Q and present studies on Form 8-Ok as filed with the Securities and Exchange Commission. Warner Music Group doesn’t undertake an obligation to replace forward-looking statements.
Warner Music Group maintains an Internet website at www.wmg.com. Warner Music Group makes use of its web site as a channel of distribution of fabric Company data. Financial and different materials data concerning Warner Music Group is routinely posted on and accessible at http://investors.wmg.com. In addition, you might routinely obtain e-mail alerts and different details about Warner Music Group by enrolling your e-mail handle by the “email alerts” part at http://investors.wmg.com. Warner Music Group’s web site and the data posted on it or linked to it shall not be deemed to be included by reference into this communication.
Additional elements that will have an effect on future outcomes and situations are described in Warner Music Group’s filings with the SEC, which can be found on the SEC’s website at www.sec.gov or at Warner Music Group’s web site at www.wmg.com.
SOURCE: WMG
Media Contact:
James Steven
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Investor Relations Contact:
Kareem Chin
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