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NEW YORK, April 10, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Thursday, May 9, 2024, for the second quarter ended March 31, 2024, and will hold an earnings conference call that morning at 8:30 a.m. ET.
Warner Music Group will not submit an offer to acquire French digital music company Believe , the music label said in a statement on Saturday.
U.S. Supreme Court justices signaled on Wednesday they may dismiss a legal fight between a Miami music producer and Warner Music over a song by rapper Flo Rida.
Warner Music Group Corp. (WMG) came out with quarterly earnings of $0.30 per share, missing the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.23 per share a year ago.
Warner Music Group Corp. is planning to lay off about 600 employees, or around 10% of its workforce, as part of a restructuring plan aimed at freeing up more cash to invest in music and boost growth.
Warner Music announced plans Wednesday to cut 600 employees in the record label conglomerate's latest cost-cutting effort as the company seeks to sell off its entertainment portfolio, following a string of corporate layoffs in the tech industry.
Warner Music is cutting 10% of its workforce in a plan to restructure the company.
Warner Music Group Corp. (WMG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The rosy, demand-rich period of the COVID-19 pandemic is over, and media stocks haven't been faring well as of late. The sheer number of streaming services results in a dizzying array of things to watch.
Warner Music Group Corp. (WMG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.