Warner Music Group Corp: Key Developments
Warner Music Group Corp. Partners With Outrigger Media To Support Expanding Online Advertising Strategy
October 8, 2009 |
| Warner Music Group Corp. announced that a strategic partnership whereby Outrigger. Outrigger will represent Warner Music Group Corp. to potential sponsors and advertisers in the Unbited States generating opportunities across WMG operated sites. |
Vodafone To Offer Mobile Music Catalogue Drm-Free Through Warner Music Group Corp.
September 21, 2009 |
| Vodafone announced a deal with Warner Music Group Corp. which will make Vodafone to offer its customers over-the-air access to the combined music catalogue in DRM-free format. Furthermore, Vodafone and Warner Music will work together to offer a range of mobile music products such as value-added album bundles that contain additional multimedia content. |
Warner Music Group Corp. Announces Expansion of Nashville Operations
September 1, 2009 |
| Warner Music Group Corp. announced the expansion of its Nashville based operations with the formation of Warner Music Nashville. This new division of the Company's U.S. recorded music business will include Warner Bros. Nashville and Word Entertainment, as well as the re-launched Atlantic Nashville label. |
Warner Music Group Corp. Announces Offering Of $500 Million Senior Secured Notes
May 19, 2009 |
| Warner Music Group Corp. announced that its subsidiary, WMG Acquisition Corp., intends to offer $500 million aggregate principal amount of senior secured notes due 2016. WMG Acquisition Corp. will use the net proceeds from the offering to repay a portion of the term loans under its existing senior secured credit facility. |
Warner Music Group Corp.'s WMG Acquisition Corp sells $1.1 Billion Notes-Reuters
May 19, 2009 |
| Reuters reported that WMG Acquisition Corp, a unit of Warner Music Group Corp. sold $1.1 billion of seven-year senior secured notes in the 144a private placement market. The size of the deal was increased from an originally planned $500 million. Goldman Sachs, Bank of America were the joint bookrunning managers for the sale. |
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Page generated 11/25/2009 12:57 AM Eastern Time
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