Topic: How To Invest

Power Growth Investor Hotline – Friday, September 23, 2022

Article Excerpt

WARNER MUSIC GROUP CORP., $25.04, is a buy. The company’s shares (symbol WMG on New York) began trading on June 3, 2020, following an IPO. Warner Music is one of the world’s leading music entertainment companies. Its record labels include Atlantic Records, Warner Records, and Elektra Records. Musicians recording on these labels include Bruno Mars, Lizzo, Ed Sheeran, Cardi B, Katy Perry, Madonna, Metallica, Neil Young and Led Zeppelin. The company also owns Warner Chappell Music, a music publishing company representing more than 80,000 songwriters and composers. Warner Music has just appointed Robert Kyncl as its new CEO effective January 1, 2023. To ensure a smooth leadership transition, Kyncl and current CEO Steve Cooper will serve as co-CEOs for the month of January 2023. As of February 1, 2023, Kyncl will become sole CEO of the company and assume Cooper’s seat on the board of directors. Kyncl currently serves as Chief Business Officer at YouTube, where he was reportedly instrumental in the development and…

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