The Latest Breaking News from Warner Music Group Corp

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google decided to allow Spotify Technology SA (NYSE:SPOT) and other app developers to offer users an alternative third-party payment option alongside Google Play's option. KeyBanc analyst Justin Patterson saw the move as a win for digital content providers.  He viewed alternative payment options as a happy compromise that calmed regulators and…

Amazon.com Inc (NASDAQ:AMZN) showcased Amp, a new app that lets users DJ their radio shows. Users can access a music catalog including “tens of millions” of songs from Universal Music Group NV (OTC: UMGNF), Sony Group Corp’s (NYSE:SONY) Sony Music Entertainment, Warner Music Group Corp (NASDAQ:WMG), and independent labels. Amp allows users to launch their live show, where callers can…

Warner Music Group Corp (NASDAQ:WMG) reported first-quarter FY22 revenue growth of 22% year-on-year to $1.61 billion, beating the consensus of $1.49 billion. Recorded Music revenue grew 19% Y/Y to $1.39 billion. Music Publishing increased 31% Y/Y to $229 million, and Digital grew 21% Y/Y to $1 billion. Adjusted OIBDA margin increased 90 bps…

Less than a week after announcing a partnership that could lead to an increased involvement of its artists with NFTs and the metaverse, Warner Music Group Corp (NASDAQ: WMG) is announcing another NFT related partnership.