Company Profile For Warner Music Group Corp

Warner Music Group Corp. is a music content company. The Company classifies its business interests into two areas: Recorded Music and Music Publishing. The Recorded Music business produces revenue primarily through the marketing, sale and licensing of recorded music in various physical (such as compact disc’s (CDs), cassettes, long playings (LPs) and digital versatile discs (DVDs)) and digital (such as downloads and ringtones) formats. The Music Publishing business owns and acquires rights to musical compositions, exploits and markets these compositions and receives royalties or fees for their use. The Company publishes music across a range of musical styles. It holds rights in over one million copyrights from over 65,000 songwriters and composers. In September 2009, the Company announced the formation of Warner Music Nashville.

BRIEF: For the fiscal year ended 30 September 2009, Warner Music Group Corp.'s revenues decreased 9% to $3.18B. Net loss from continuing operations totaled $100M, up from $35M. Revenues reflect a decrease in sales from the Recorded music and Music publishing segments. Net loss also reflects increased amortization of intangible assets, the presence of impairment of cost-method investments and the presence of impairment of equity investment.