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'''Warner Music Group Corp.'''<ref>{{Cite web |url=https://www.wmg.com/news/warner-music-group-corp-reports-results-fiscal-first-quarter-ended-december-31-2021-36176 |title=Warner Music Group Corp. Reports Results for Fiscal First Quarter Ended December 31, 2021 |date=February 8, 2022 |access-date=March 15, 2022 |archive-date=February 9, 2022 |archive-url=https://web.archive.org/web/20220209191917/https://www.wmg.com/news/warner-music-group-corp-reports-results-fiscal-first-quarter-ended-december-31-2021-36176 |url-status=live }}</ref> ([[trade name|d.b.a.]] '''Warner Music Group''', commonly abbreviated as '''WMG''') is an American [[Multinational corporation|multinational]] [[entertainment]] and [[record label]] [[Conglomerate (company)|conglomerate]] headquartered in [[New York City]]. It is one of the "[[Record label#Major labels|big three]]" recording companies and the third-largest in the global music industry, after [[Universal Music Group]] (UMG) and [[Sony Music|Sony Music Entertainment]] (SME). Formerly part of [[WarnerMedia|Time Warner]] (now [[Warner Bros. Discovery]]), WMG was publicly traded on the [[New York Stock Exchange]] from 2005 until 2011, when it announced its [[privatization]] and sale to [[Access Industries]].<ref name=":0">{{Cite news|last=Flanagan|first=Andrew|date=June 3, 2020|title=Warner Music Group Trading On Wall Street, Promises Social Justice Support|url=https://www.npr.org/2020/06/03/868916108/warner-music-group-debuts-on-wall-street-promises-social-justice-support|access-date=June 6, 2020|website=NPR|language=en|archive-date=May 5, 2021|archive-url=https://web.archive.org/web/20210505123733/https://www.npr.org/2020/06/03/868916108/warner-music-group-debuts-on-wall-street-promises-social-justice-support|url-status=live}}</ref> It later had its second [[IPO]] on [[Nasdaq]] in 2020, once again becoming a public company.<ref name=":1">{{Cite news|last1=Franklin|first1=Joshua|last2=Nivedita|first2=C|date=June 3, 2020|title=Warner Music strikes a chord as shares pop on Nasdaq debut|language=en|work=Reuters|url=https://www.reuters.com/article/us-warner-music-ipo-idUSKBN23A1IN|access-date=June 6, 2020|archive-date=March 9, 2021|archive-url=https://web.archive.org/web/20210309225154/https://www.reuters.com/article/us-warner-music-ipo-idUSKBN23A1IN|url-status=live}}</ref> With a multibillion-dollar annual turnover, WMG employs more than
The company owns and operates some of the largest and most successful labels in the world, including [[Elektra Records]], [[Reprise Records]], [[Warner Records]], [[Parlophone|Parlophone Records]] (formerly owned by [[EMI]]), and [[Atlantic Records]]. WMG also owns [[Warner Chappell Music]], one of the world's largest music publishers.
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