Warner Music Group Announces Sale of 2,340,000 Common Shares by Affiliates of Access … | New


NEW YORK, September 21, 2021 (GLOBE NEWSWIRE) – Warner Music Group Corp. (the “Company”) (Nasdaq: WMG) today announced the sale of a total of 2,340,000 common shares of the Company by subsidiaries of Access Industries, LLC (the “Selling Shareholders”) to Morgan Stanley & Co. LLC, as the sole underwriter in the registered public offering of such shares. The selling shareholders sell all of the Class A common shares and the Company will not receive any proceeds from the offering.

Morgan Stanley & Co. LLC proposes to offer for sale the Common Shares from time to time in one or more transactions on the Nasdaq, in the over-the-counter market, through negotiated transactions or otherwise at one or more prices. fixed, which can be modified, subject to receipt and acceptance by it and subject to its right to refuse any order in whole or in part.

The Company’s actual registration statement, including a prospectus, relating to the Offer has been previously filed with the United States Securities and Exchange Commission (the “SEC”). Investors should read the prospectus in this registration statement and other documents that the Company has filed with the SEC before investing for more complete information about the Company and this offering. These documents are available free of charge by searching the Company’s public documents on the SEC’s website at www.sec.gov, or by visiting the Company’s website at https: //investors.wmg .com /. Alternatively, copies of the Prospectus and Prospectus Supplement, when available, may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, and there will be no sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be illegal. prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Warner Music Group

With a legacy stretching back more than 200 years, Warner Music Group is today home to an unprecedented family of creative artists, songwriters and companies who are moving culture around the world. At the heart of Warner Music Group’s Recorded Music division are four of history’s most iconic companies: Atlantic, Elektra, Parlophone and Warner Records. They are joined by renowned labels such as Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Fueled by Ramen, Nonesuch, Reprise, Rhino, Roadrunner, Sire, Spinnin ‘Records, Warner Classics and Warner Music Nashville. Warner Chappell Music – whose origins date back to the founding of Chappell & Company in 1811 – is one of the world’s leading music publishers, with a catalog of more than one million copyrights spanning all musical genres, from the standards of the Great American Songbook to the greatest hits of the 21st century.

Forward-looking statements

This communication includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include statements regarding expectations as to the closing of the offering. The forward-looking statements contained in this document involve risks and uncertainties which could cause actual results to differ materially from those mentioned in the forward-looking statements. More information on Warner Music Group and other risks associated with Warner Music Group is detailed in Warner Music Group’s most recent annual report on Form 10-K and its quarterly reports on Form 10-Q and current reports. on Form 8-K as filed with SECOND. Warner Music Group does not undertake to update forward-looking statements.

Additional factors that may affect future results and conditions are described in the documents filed by Warner Music Group with the SEC, which are available on the SEC’s website at www.sec.gov or at Warner Music Group web at www.wmg.com.

Media contact:

James Steven [email protected]

Investor Relations Contact:

Kareem Chin [email protected]

Copyright 2021 GlobeNewswire, Inc.


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