Topic: How To Invest

Power Growth Investor Hotline – Thursday, December 23, 2021

Article Excerpt

WARNER MUSIC GROUP CORP., $43.52, 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 is now adding to its music library with the purchase of 300 Entertainment, the music label behind artists such as Megan Thee Stallion, Fetty Wap and Mary J. Blige. The purchase price is reportedly about $400 million. 300 Entertainment was founded by veteran music industry executives including Lyor Cohen, who is currently the global head of music at Alphabet Inc’s Google and YouTube and was formerly with Warner Music. The label will continue to function independently…