Music Labels Sony, UMG, Warner Records Sue AI Company Suno For Copyright Infringement
- U.S. Court Filing
- U.S. Court Filing
Company | Date | Price Target | Rating | Analyst |
---|---|---|---|---|
9/18/2024 | Buy → Outperform | Daiwa Securities | ||
7/12/2024 | $37.00 | Outperform | Wolfe Research | |
7/11/2024 | $43.00 → $38.00 | Buy | Jefferies | |
7/10/2024 | $21.00 → $23.00 | Neutral → Sell | Redburn Atlantic | |
5/6/2024 | $43.00 | Overweight | Morgan Stanley | |
2/15/2024 | Outperform → Neutral | Macquarie | ||
2/5/2024 | $17.00 → $21.00 | Sell → Neutral | Redburn Atlantic | |
12/12/2023 | Outperform | Wolfe Research |
Daiwa Securities downgraded Sony from Buy to Outperform
Wolfe Research initiated coverage of Warner Music Group with a rating of Outperform and set a new price target of $37.00
Jefferies resumed coverage of Warner Music Group with a rating of Buy and set a new price target of $38.00 from $43.00 previously
Since launching in November 2023, the Tesla Inc (NASDAQ:TSLA) Cybertruck has been a top seller for electric pickup trucks. The vehicle is now making its way into several top video games. What Happened: Tesla CEO Elon Musk, a known enthusiast of video games and electric vehicles, will see his passions converge on July 23 as the Cybertruck makes its debut in several popular video games. The Cybertruck will debut in "Fortnite" and "Rocket League," two of the most played video games in recent years. "Catch a ride in the Tesla Cybertruck in Fortnite tomorrow," a tweet from "Fortnite" said Monday. According to Eurogamer, the Cybertruck will be a free in-game reward in "Fortnite." The u
After Two Highly Successful Decades at WMG, Max Lousada Announces Decision to Step Down at End of Fiscal Year Creative Regional Leadership to Be Elevated Through Flatter Structure;Greater Impact Through Globalized Services Elliot Grainge Becomes CEO of Atlantic Music Group at Beginning of Fiscal Year 2025; Julie Greenwald to Take New Role as Chairman of Atlantic Music Group NEW YORK, August 1, 2024 /PRNewswire/ -- Warner Music Group (NASDAQ:WMG) today unveiled a dynamic new structure for its Recorded Music operations, designed to strengthen services to artists at every stage of their careers, create more direct channels between local expertise and global opportunities, and position the comp
NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S
Former Goldman Sachs & EMI Music Exec to Spearhead Company's M&A NEW YORK, June 6, 2024 /PRNewswire/ -- Michael Ryan-Southern (MRS) is being appointed by Warner Music Group (NASDAQ:WMG) to the newly created post of Executive Vice President, Corporate Development, effective August 5th. MRS, who comes to WMG with two decades of investment, finance, and music industry experience, most recently served as Global Head of Music & Live Entertainment Investment Banking at Goldman Sachs. MRS will lead all stages of M&A activity, working in partnership with WMG's leaders and departments
NEW YORK, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. ("Warner Music Group" or "WMG") today announced that its Board of Directors declared a regular quarterly cash dividend of $0.18 per share on WMG's Class A Common Stock and Class B Common Stock. The dividend is payable on September 4, 2024, to stockholders of record as of the close of business on August 27, 2024. About Warner Music Group With a legacy extending back over 200 years, Warner Music Group today is home to an unparalleled family of creative artists, songwriters, and companies that are moving culture across the globe. At the core of WMG's Recorded Music division are four of the most iconic companies in history:
Financial Highlights Strong Recorded Music Subscription Streaming Growth Underpinned by a Robust Slate and Healthy Industry Trends Continued Momentum in Music Publishing Led by Strength in Digital and PerformanceStrong Margin Expansion and Double-Digit Growth in Operating and Free Cash Flow Reflect Solid Underlying Performance and Disciplined Cost ManagementReiterating Full-Year Operating Cash Flow Conversion Guidance of 50-60% For the three months ended June 30, 2024 Total revenue decreased 1%, or increased 1% in constant currencyNet income increased 14% to $141 million versus $124 million in the prior-year quarterOperating income increased 10% to $207 million versus $189 million
NEW YORK, July 24, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. will release its financial results on Wednesday, August 7, 2024, for the third quarter ended June 30, 2024, instead of the previously announced reporting date of August 8, 2024. The company will hold an earnings conference call that morning at 8:30 a.m. ET. To access the conference call, please register here. Once registered, you will receive an email with the dial-in number along with your personalized pin needed to join the call. We suggest you call in 10 minutes prior to the start time. If you do not anticipate asking a question, we recommend joining via the webcast at www.wmg.com. The replay of the conference call wi
8-K - Warner Music Group Corp. (0001319161) (Filer)
6-K - Sony Group Corp (0000313838) (Filer)
6-K - Sony Group Corp (0000313838) (Filer)
SC 13G/A - Warner Music Group Corp. (0001319161) (Subject)
SC 13G/A - Warner Music Group Corp. (0001319161) (Subject)
SC 13G - Warner Music Group Corp. (0001319161) (Subject)
4 - Warner Music Group Corp. (0001319161) (Issuer)
4 - Warner Music Group Corp. (0001319161) (Issuer)
4 - Warner Music Group Corp. (0001319161) (Issuer)
In collaboration with professional music producers, the MDR-M1 is designed to achieve sound that accurately reproduces the creative intent SAN DIEGO, Sept. 5, 2024 /PRNewswire/ -- Sony Electronics Inc. today announced the MDR-M1 Reference Closed Monitor Headphones, designed for music creators and sound engineers to produce music in any environment, heard as intended. The headphones host a closed acoustic structure with high sound isolation, exclusively developed driver, and a lightweight and comfortable design that allow users to create in their own environments, as if they were in the studio. The MDR-M1 headphones combine studio sound quality with extreme comfort and reliability, suitable
NEW YORK, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Warner Music Group Corp. ("Warner Music Group" or "WMG") today announced that its Board of Directors declared a regular quarterly cash dividend of $0.18 per share on WMG's Class A Common Stock and Class B Common Stock. The dividend is payable on September 4, 2024, to stockholders of record as of the close of business on August 27, 2024. About Warner Music Group With a legacy extending back over 200 years, Warner Music Group today is home to an unparalleled family of creative artists, songwriters, and companies that are moving culture across the globe. At the core of WMG's Recorded Music division are four of the most iconic companies in history:
Financial Highlights Strong Recorded Music Subscription Streaming Growth Underpinned by a Robust Slate and Healthy Industry Trends Continued Momentum in Music Publishing Led by Strength in Digital and PerformanceStrong Margin Expansion and Double-Digit Growth in Operating and Free Cash Flow Reflect Solid Underlying Performance and Disciplined Cost ManagementReiterating Full-Year Operating Cash Flow Conversion Guidance of 50-60% For the three months ended June 30, 2024 Total revenue decreased 1%, or increased 1% in constant currencyNet income increased 14% to $141 million versus $124 million in the prior-year quarterOperating income increased 10% to $207 million versus $189 million