Music Group – Go Go Go Airheart http://gogogoairheart.com/ Fri, 24 Sep 2021 22:19:42 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://gogogoairheart.com/wp-content/uploads/2021/06/icon-150x150.png Music Group – Go Go Go Airheart http://gogogoairheart.com/ 32 32 Here’s how Universal Music Group Stock fared in its first week https://gogogoairheart.com/heres-how-universal-music-group-stock-fared-in-its-first-week/ https://gogogoairheart.com/heres-how-universal-music-group-stock-fared-in-its-first-week/#respond Fri, 24 Sep 2021 22:19:42 +0000 https://gogogoairheart.com/heres-how-universal-music-group-stock-fared-in-its-first-week/ Universal Music Group stock fell slightly from its opening price, but held steady to end the week at € 23.45 per share. After months of waiting, Universal Music Group’s first week as a publicly traded company has officially come to an end. Here is how the Big Three label behaved with investors on Euronext Amsterdam. […]]]>

Universal Music Group stock fell slightly from its opening price, but held steady to end the week at € 23.45 per share.

After months of waiting, Universal Music Group’s first week as a publicly traded company has officially come to an end. Here is how the Big Three label behaved with investors on Euronext Amsterdam.

The Universal Music Group (UMG on Euronext Amsterdam) share became available for purchase and sale on Tuesday, September 21. Perhaps due to the initially noted anticipation surrounding the IPO – which French conglomerate Vivendi has risen several times before settling on a rollout in late September – the value of shares has skyrocketed, surging by 43% compared to Vivendi’s reference price (€ 18.50). and $ 21.68 at the current exchange rate).

But trading activity quickly cooled and UMG stock ended its first day on Euronext Amsterdam at € 25.10 ($ 29.42) apiece, just below an opening price of 25. € 25 ($ 29.59). This end-of-day value corresponded to a market capitalization of 45.51 billion euros ($ 53.34 billion) for Universal Music Group – well above the valuation at which Vivendi sold 10% of UMG to Pershing Square and a fifth of the Chinese conglomerate’s leading record label. Tencent.

On Wednesday, September 22, Universal Music Group shares fell to around € 24.50 ($ 28.72) per share, while yesterday saw a brief dip below € 23 per share. UMG shares then rebounded above € 24 ($ 28.13) each and then returned to the mid-range of € 23, where they remained at market close today.

Specifically, the Universal Music Group share was worth € 23.45 ($ 27.48) per share at the close of Euronext Amsterdam today, for a market capitalization of € 42.51 billion ($ 49.82 billion) of dollars).

Meanwhile, Vivendi confirmed earlier this week that it will distribute UMG shares to its investors on a 1: 1 basis, and the Paris-based entity’s own shares were worth € 10.98 ($ 12.87 ) per share at market close today. Additionally, the company will keep just over 10 percent of Universal Music Group for at least two years, and superiors have not been shy about disclosing their next move, a $ 610million ($ 714.92) purchase. million) of a 17.9 percent stake in Lagardère de Paris.

It should be noted in conclusion that the impact of Universal Music Group’s high-profile IPO also appears to have caused the stock price of Warner Music Group to rise, which returned to the public market last year.

Granted, Warner Music Group (NASDAQ: WMG) stock jumped nearly seven percent on the week, including hitting a record high of $ 45.64 per share on Tuesday. At market close today, Warner Music shares were worth $ 44.21 each. Amid this growth in share value, Morgan Stanley recently bought North 2.3 million WMG shares in a transaction worth over $ 100 million.


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Welcome to the New Record Business: Warner Music Group Now Generates Over $ 270 Million From TikTok, Peloton, Facebook and Other “Alternative” Platforms Every Year https://gogogoairheart.com/welcome-to-the-new-record-business-warner-music-group-now-generates-over-270-million-from-tiktok-peloton-facebook-and-other-alternative-platforms-every-year/ https://gogogoairheart.com/welcome-to-the-new-record-business-warner-music-group-now-generates-over-270-million-from-tiktok-peloton-facebook-and-other-alternative-platforms-every-year/#respond Thu, 23 Sep 2021 20:39:13 +0000 https://gogogoairheart.com/welcome-to-the-new-record-business-warner-music-group-now-generates-over-270-million-from-tiktok-peloton-facebook-and-other-alternative-platforms-every-year/ MBW’s Stat Of The Week is a series in which we highlight a data point that deserves the attention of the global music industry. Stat Of the Week is backed by Five Music Group, a technology-driven label, distribution and rights management company. It’s been a week for the majors. Universal Music Group debuted on the […]]]>

MBW’s Stat Of The Week is a series in which we highlight a data point that deserves the attention of the global music industry. Stat Of the Week is backed by Five Music Group, a technology-driven label, distribution and rights management company.


It’s been a week for the majors.

Universal Music Group debuted on the Amsterdam Stock Exchange with a market cap of $ 54 billion on Tuesday, September 21. Warner Music Group saw its share price rise nearly 10% on the same day. And Sony Corp, parent company of Sony Music Group, has seen its stock price climb 6.8% since the market closed on Monday so far.

Much of the investor buzz around the majors has obviously been quite focused on on-demand music streaming and the growth potential offered by Spotify and YouTube over the next decade, particularly in so-called markets. emerging.

Yet there has also been a lot of investor talk about other fast-growing non-traditional music revenue streams – usually secured by licensing agreements – from platforms such as TikTok, Facebook, and Peloton, as well as on music’s flourishing business relationship with games (including Roblox).

Today (September 23), Warner Music Group boss Steve Cooper revealed an astonishing statistic on this second less talked about area of ​​the business – a statistic which, according to MBW’s calculations, suggests it This is a sector that is already worth a billion dollars a year. revenues for the global music rights industry.

Speaking in an interview at Goldman Sachs’ Communacopia event this afternoon, Cooper confirmed that Warner Music Group’s recorded music operation has current revenue of $ 235 million per year. from “alternative offerings that create new use cases for music”.

Cooper also confirmed that the same revenue streams provide liquidity at a “proportional rate” to WMG’s music publishing business.

“We believe that this intersection between play, fitness, [and] social / digital, will generate substantial income in the future, ”said Cooper.

What are these “alternative offers”?

Cooper notably called out Facebook (which has “started using music in new and interesting ways over the past two years”) as well as TikTok, Peloton and Roblox for their material contributions to the $ 235 million figure, as well as ‘other platforms and innovations that are providing “new use cases” for music.

“You have to keep in mind that in all of these areas – metavers and games, live streaming, use of avatars, NFTs – are all in their infancy. [in terms of their relationship with, and payment to, music rightsholders]Cooper said. “But many of them have the potential to become the next global platform. And in fact, many of them are already moving in this direction.


Analyzing the numbers on what Cooper revealed today says a lot about how powerful these new revenue streams are set to become for rights holders big and small in the years to come:

  • First: The music publishing division of Warner (Warner Chappell) was 16.4% the size of its recorded music division, in terms of revenue, in the company’s last fiscal quarter (until end of June 2021). So when Steve Cooper says that the “alternative offers” are currently making money for Warner Chappell at a “proportional rate” to WMG’s record business – and that this $ 235 million a year from them – we can safely assume that the WMG edit operation generates somewhere around $ 38 million on an annual run rate from the same platforms.
  • Combined, through editing and recording, this means that Warner currently has to generate around $ 273 million from Facebook, TikTok, Peloton etc. on an annualized basis.
  • According to Music & Copyright, Warner Music Group claimed a 15.9% market share of global recording industry revenue in 2020. If this is correct, it would suggest that the current revenue opportunity through the all the record industry of “alternative offers” is somewhere in the region of $ 1.48 billion per year (that is, if Warner’s $ 235 million figure represents only 15.9% of industry-wide business, $ 1.48 billion would be the “cake” total).

Warner, of course, could have achieved a market share of well over 15.9% of the total money now going into the music business from Facebook / TikTok / Peloton etc.

Indeed, Steve Cooper claimed today that his company had been unusually ‘early in this game’ in terms of Warner ‘taking advantage of these [alternative] platforms with strategic partnerships and investments ”.

So for the sake of the argument let’s say Warner is currently eating a full 25% annual money from “alternative” platforms to the recorded music publishing industries and ($ 273 million, in Warner’s case).

This would still mean that Facebook / TikTok / Peloton et al are already a billion dollars annual revenue generator for the broader global music rights industry today.

Cooper added in his interview with Communacopia: “We intend to continue investing well beyond traditional streaming. And we see it over time, [these platforms] is expected to provide a tremendous additional income opportunity for the music industry.


In a broad discussion in Communacopia with Stephen Laszczyk of Goldman Sachs, Cooper was also asked about Universal’s IPO earlier this week (at that nice opening market cap of $ 54 billion).

He replied: “Just to state the obvious, before [Warner] became public [last year] and UMG was from Vivendi, we had successfully competed in the music business [against] Universal and Sony for decades. Due to our “One Warner” approach, our global reach and in particular our artist-friendly agility, I think we are actually better positioned than our competitors to take advantage of the dynamic changes that have had and will continue to grow. take place in the musical landscape over the next two years.

“As far as Universal is concerned, I think their spin-out is good news for the music industry… I think it’s especially good that Universal agrees with our vision for the future. “

Steve Cooper, Warner Music Group

Cooper added, “As far as Universal is concerned, I think their spinoff is good news for the music industry. The market reaction validated the favorable global trends around music.

“Having another pure music company in the public eye will improve investor education on the value actually provided by large music companies. And I think it’s especially good that Universal agrees with our vision for the future.


Five Music Group’s repertoire has won Grammy Awards, dozens of RIAA Gold and Platinum certifications, and numerous No. 1 positions on a variety of Billboard charts. His repertoire includes heavyweights such as Bad Bunny, Janet Jackson, Daddy Yankee, TI, Sean Kingston, Anuel and hundreds more.Music trade around the world


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Universal Music is a success https://gogogoairheart.com/universal-music-is-a-success/ https://gogogoairheart.com/universal-music-is-a-success/#respond Thu, 23 Sep 2021 10:22:47 +0000 https://gogogoairheart.com/universal-music-is-a-success/ Sep 25, 2021 A WELCOME TO ROCKSTAR hailed Universal Music Group when it launched on the Euronext Amsterdam stock exchange on September 21 in the largest European listing of the year. Stunned investors almost threw their panties on the new public company, whose share price ended the day up 36%, valuing the world’s largest record […]]]>

A WELCOME TO ROCKSTAR hailed Universal Music Group when it launched on the Euronext Amsterdam stock exchange on September 21 in the largest European listing of the year. Stunned investors almost threw their panties on the new public company, whose share price ended the day up 36%, valuing the world’s largest record company at 45 billion euros (53 billion euros). dollars).

It wasn’t that long ago that Universal looked like a flop. In 2013, as digital piracy ravaged the music industry, SoftBank, a Japanese group, made a € 7 billion offer for the label. Vivendi, the French owner of Universal, was deemed mad for turning down the offer. In fact, the decision was inspired. A streaming boom has since halved global recorded music revenues. Two-thirds of last year’s $ 22 billion in sales went to the three “majors”: Universal, Sony Music and Warner Music Group.

The rush of investors owes in part to a shortage of alternative tickets for this hot market. Sony Music is locked in a conglomerate. Warner went public last June, since when its value has increased by half (including a 12% increase on September 21, amid the frenzy of Universal), but its catalog is half the size of that of Universal. The listing of Universal finally gives investors the chance to get their hands on what JPMorgan Chase, a bank, has called a “must-have asset.”

Now, after their run to the top of the charts, the majors face the equivalent of a tough second album. Streaming is approaching saturation point in the rich world. Three in five American households subscribe to a service like Spotify, up from one in five in 2016. DIY audio tools help unsigned artists take a small but growing part of the business. And regulators are asking if labels are giving artists a fair share of the profits from streaming. On September 22, the UK government ordered an investigation into competition in the music industry.

The sustainability of hits will therefore go through the conquest of emerging markets, where incomes are lower (Spotify costs the equivalent of $ 4 per month in South Africa, less than half of what Americans pay), and on ‘granting of music licenses to new media. This year, Universal signed deals with TikTok and Snap, allowing app users to sample clips from Universal’s back catalog in their videos. Future deals with games, streaming and other entertainment platforms are likely. “Fortnite”, an online game, and Roblox, which allows users to create their own games, have already become popular virtual concert venues. Next year ABBA, a troupe of septuagenarians on the books of Universal, will appear in a series of concerts in London as digital “ABBA-the tars ”. As the streaming boom slows down, labels will need new ways to make money, money, money.

This article appeared in the Business section of the print edition under the headline “Gimme! Gimme! Gimme!


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Why Warner Music Group shares jumped 13% on Tuesday https://gogogoairheart.com/why-warner-music-group-shares-jumped-13-on-tuesday/ https://gogogoairheart.com/why-warner-music-group-shares-jumped-13-on-tuesday/#respond Tue, 21 Sep 2021 20:00:00 +0000 https://gogogoairheart.com/why-warner-music-group-shares-jumped-13-on-tuesday/ What happened Warner Music Group (NASDAQ: WMG) shareholders beat a bull market on Tuesday, with shares rising 13% as of 3:30 p.m. EDT. The rise came following a major upgrade to the stock price target by a Wall Street investment firm. So what Credit Suisse analyst upgraded the bank’s rating on the music giant to […]]]>

What happened

Warner Music Group (NASDAQ: WMG) shareholders beat a bull market on Tuesday, with shares rising 13% as of 3:30 p.m. EDT. The rise came following a major upgrade to the stock price target by a Wall Street investment firm.

So what

Credit Suisse analyst upgraded the bank’s rating on the music giant to outperforming (or buying), saying in a note to clients that Warner Music is expected to be a winner as demand continues to shift to streaming. The analyst landed on a short-term price target of $ 48 per share, about 19% above Monday’s closing price.

Image source: Getty Images.

Now what

Warner Music Group went public in June 2020 and investors are still trying to get a feel for its earning potential. Its latest earnings report, delivered in early August, showed encouraging results with revenues up 33% while the company generated significant profits.

Executives at the time pointed to what they called “impressive” streaming numbers. “We continue to create value through our extensive services to artists and songwriters,” CFO Eric Levin said in a press release.

Tuesday’s target price hike and odds upgrade is a gamble that this operational boost is just the start and that Warner Music will continue to earn as a platform that attracts global superstars from around the world. the music. There is plenty of room for growth in the streaming space for Warner Music, and capitalizing on that could allow it to extend its positive momentum into 2022 and beyond.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Challenging an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.


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Universal Music Group’s Market Debut A Resounding Success https://gogogoairheart.com/universal-music-groups-market-debut-a-resounding-success/ https://gogogoairheart.com/universal-music-groups-market-debut-a-resounding-success/#respond Tue, 21 Sep 2021 15:58:40 +0000 https://gogogoairheart.com/universal-music-groups-market-debut-a-resounding-success/ Universal Music Group’s market debut was a hit with investors on Tuesday with optimism about the future of steaming music. Shares jumped nearly 40% to almost $ 26 per share when traded on the Euronext Amsterdam exchange. Universal Music Group’s market debut was a hit with investors on Tuesday with optimism about the future of […]]]>

Universal Music Group’s market debut was a hit with investors on Tuesday with optimism about the future of steaming music. Shares jumped nearly 40% to almost $ 26 per share when traded on the Euronext Amsterdam exchange.

Universal Music Group’s market debut was a hit with investors on Tuesday with optimism about the future of steaming music.

Shares jumped nearly 40% to almost $ 26 per share when traded on the Euronext Amsterdam exchange.

Universal has a huge roster of stars including Taylor Swift, Billie Eilish, Lady Gaga, The Beatles, and Bob Dylan. Universal owns the rights to this huge catalog of hits and with the pandemic hitting the music industry hard, it has always thrived as music spreads to other platforms like Spotify, YouTube, and TikTok.

Part of Universal’s business stems from the rights attached to its huge catalog, and it also collects royalties for the artists it represents on social media platforms.

The studio was recently separated by its parent company, Vivendi of France. Vivendi shareholders hold 60% of the capital of the new independent label. The conglomerate has said it wants to focus on other areas of its business.

The Associated Press


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Burrell Marching Band presents a car and motorcycle show with live music on October 2 https://gogogoairheart.com/burrell-marching-band-presents-a-car-and-motorcycle-show-with-live-music-on-october-2/ https://gogogoairheart.com/burrell-marching-band-presents-a-car-and-motorcycle-show-with-live-music-on-october-2/#respond Tue, 21 Sep 2021 04:01:00 +0000 https://gogogoairheart.com/burrell-marching-band-presents-a-car-and-motorcycle-show-with-live-music-on-october-2/ The Burrell’s Marching Band is hosting their first Auto and Motorcycle Show on October 2 to raise funds and provide a community event with live student music. About 100 cars and motorcycles will be on display, said Michael Pagnotta, music teacher and group manager at Burrell. “It will be quite a spectacle with some great […]]]>

The Burrell’s Marching Band is hosting their first Auto and Motorcycle Show on October 2 to raise funds and provide a community event with live student music.

About 100 cars and motorcycles will be on display, said Michael Pagnotta, music teacher and group manager at Burrell.

“It will be quite a spectacle with some great cars and motorcycles to see,” he said.

“There are more than a few awesome bikes with a very passionate community behind them, and I can’t wait to see what happens to our show,” said Pagnotta.

The judges will award prizes for the best of the show.

Customers can compete for raffle baskets filled with items and donations from local businesses.

The marching band decided to hold a car and motorcycle show as a way to resume fundraising after the pandemic canceled some fundraising events and hampered others.

Several parent members of the group are car enthusiasts and auto show organizers, Pagnotta said.

There are also students who are passionate about cars.

“Some are studying at the great automotive program at the Northern Westmoreland Career and Technology Center and are very excited to ‘geek’ on cars for a day,” he said.

Money raised during the show will allow the group to participate in group competitions through the Pennsylvania Interscholastic Marching Band Association and a group trip in the spring.

“The students are very passionate about competing and getting better every year,” Pagnotta said. “It’s a wonderful thing that we can offset this cost to students through fundraising as an organization. “

The group will also use the profits to replace and upgrade their equipment, he added.


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VIDEO / PHOTOS: Mexican band Los Bukis perform in Houston https://gogogoairheart.com/video-photos-mexican-band-los-bukis-perform-in-houston/ https://gogogoairheart.com/video-photos-mexican-band-los-bukis-perform-in-houston/#respond Mon, 20 Sep 2021 17:22:58 +0000 https://gogogoairheart.com/video-photos-mexican-band-los-bukis-perform-in-houston/ Mexican group Los Bukis will perform on September 18, 2021 at NRG Stadium in Houston. Photo: courtesy Los Bukis captivated thousands of Houston fans on Saturday night with group classics at NRG Stadium. AMOR IN MEXICANA: Maite Perroni, Alejandra Guzman and Laura Leon unlock the new season of ‘El Juego de las Llaves’ The Mexican […]]]>

Mexican group Los Bukis will perform on September 18, 2021 at NRG Stadium in Houston.

Photo: courtesy

Los Bukis captivated thousands of Houston fans on Saturday night with group classics at NRG Stadium.

AMOR IN MEXICANA: Maite Perroni, Alejandra Guzman and Laura Leon unlock the new season of ‘El Juego de las Llaves’

The Mexican supergroup led by Marco Antonio Solis reunited after 25 years for the Una Historia Cantada tour. There were several sales in several cities.

Houston’s setlist featured nearly three dozen songs, including “Mi Fantasia”, “Yo Te Necesito” and, of course, “Tu Carcel”. Los Bukis released a new version of this song in May to kick off the reunion. See below for the full list of Houston.

Los Bukis separated in 1996 and Solis pursued a solo career. A hit collection, “La Más Completa Colección,” debuted at No. 2 this month on Billboard’s Regional Mexican Albums chart.

Mexican group Los Bukis setlist on September 18, 2021 at NRG Stadium in Houston.

Photo: courtesy




  • Joey guerra

    Joey Guerra is the music critic for the Houston Chronicle. It also covers various aspects of pop culture. He’s reviewed hundreds of concerts and interviewed hundreds of celebrities, from Justin Bieber to Dolly Parton to Beyonce. He appeared as a regular correspondent on Fox26 and served as chief judge and director of the Pride Superstar singing competition for a decade. He has been named journalist of the year several times by OutSmart magazine and the FACE Awards. It also covers various aspects of pop culture, including the local drag scene and “RuPaul’s Drag Race”.


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Warner Music Group Corp. (NASDAQ: WMG) sees sharp decline in short-term interest https://gogogoairheart.com/warner-music-group-corp-nasdaq-wmg-sees-sharp-decline-in-short-term-interest/ https://gogogoairheart.com/warner-music-group-corp-nasdaq-wmg-sees-sharp-decline-in-short-term-interest/#respond Mon, 20 Sep 2021 05:26:17 +0000 https://gogogoairheart.com/warner-music-group-corp-nasdaq-wmg-sees-sharp-decline-in-short-term-interest/ Warner Music Group Corp. (NASDAQ: WMG) was the beneficiary of a sharp drop in short-term interest in August. As of August 31, there was short interest totaling 3,550,000 shares, a decrease of 22.0% from the total of 4,550,000 shares as of August 15. About 3.7% of stocks are sold short. Based on an average daily […]]]>

Warner Music Group Corp. (NASDAQ: WMG) was the beneficiary of a sharp drop in short-term interest in August. As of August 31, there was short interest totaling 3,550,000 shares, a decrease of 22.0% from the total of 4,550,000 shares as of August 15. About 3.7% of stocks are sold short. Based on an average daily volume of 574,300 shares, the short-term interest rate is currently 6.2 days.

WMG has been the subject of a number of research reports. Zacks Investment Research downgraded Warner Music Group shares from a “buy” rating to a “keep” rating in a report released Thursday, August 5. TheStreet upped Warner Music Group shares from a “d +” rating to a “c-” rating in a report released on Wednesday, September 8. Finally, Tigress Financial raised its target price on Warner Music Group shares from $ 42.00 to $ 48.00 and gave the stock a “buy” rating in a report released on Tuesday, August 17. One analyst rated the stock with a sell rating, four assigned a conservation rating, and three assigned a buy rating to the stock. According to MarketBeat.com, Warner Music Group currently has an average “Hold” rating and a consensus target price of $ 40.86.

Meanwhile, main shareholder Ai Entertainment Holdings Llc sold 3,133,907 shares of the company in a transaction on Wednesday, September 8. The shares were sold at an average price of $ 37.75, for a total transaction of $ 118,304,989.25. The sale was disclosed in a filing with the SEC, which is available through this link. 80.51% of the shares are held by insiders of the company.

A number of institutional investors have recently increased or reduced their stakes in the company. FORA Capital LLC purchased a new equity stake in Warner Music Group in the second quarter valued at approximately $ 70,000. Bessemer Group Inc. purchased a new equity stake in Warner Music Group in the 1st quarter valued at approximately $ 86,000. Stephens Inc. AR increased its position in Warner Music Group shares by 48.3% in the 1st quarter. Stephens Inc. AR now owns 3,391 shares of the company valued at $ 116,000 after purchasing an additional 1,105 shares during the period. Tradition Wealth Management LLC purchased a new equity stake in Warner Music Group in the second quarter valued at approximately $ 135,000. Finally, Citigroup Inc. increased its position in Warner Music Group shares by 5.4% in the second quarter. Citigroup Inc. now owns 6,214 shares of the company valued at $ 224,000 after purchasing 316 additional shares during the period. 16.84% of the capital is held by institutional investors.

(A d)

The explosive rise in tech stocks we saw in 2020 is just the start …

“The Earnings Whisperer” Louis Navellier posted a video detailing several key steps he believes every American should take right now.

WMG stock opened at $ 41.41 on Monday. Warner Music Group has a 12-month low of $ 25.61 and a 12-month high of $ 41.59. The company has a current ratio of 0.60, a quick ratio of 0.57, and a debt ratio of 35.44. The company has a 50-day moving average price of $ 37.32 and a 200-day moving average price of $ 36.08. The stock has a market cap of $ 21.30 billion, a PE ratio of 79.64 and a beta of 1.27.

Warner Music Group (NASDAQ: WMG) last released its quarterly results on Monday, August 2. The company reported EPS of $ 0.16 for the quarter, beating analyst consensus estimates of $ 0.14 by $ 0.02. The company posted revenue of $ 1.34 billion in the quarter, against analysts’ expectations of $ 1.20 billion. Warner Music Group had a net margin of 5.44% and a return on equity of 1,558.97%. The company’s revenue for the quarter increased 32.7% from the same quarter last year. During the same period of the previous year, the company made EPS ($ 0.94). Sell-side analysts predict that Warner Music Group will post 0.74 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 1. Shareholders of record on Wednesday August 25 received a dividend of $ 0.15. This represents an annualized dividend of $ 0.60 and a return of 1.45%. This is a boost from Warner Music Group’s previous quarterly dividend of $ 0.12. The ex-dividend date of this dividend was Tuesday, August 24. Warner Music Group’s payout rate is -92.31%.

About Warner Music Group

Warner Music Group Corp. operates as a music entertainment company in the US, UK and internationally. The company operates through the recorded music and music publishing segments. The Recorded Music segment is involved in the discovery and development of recording artists, as well as the related marketing, promotion, distribution, sale and licensing of music created by these artists.

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While Warner Music Group currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better bets.

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Bennie Pete, conductor who kept the beat after Katrina, dies at 45 https://gogogoairheart.com/bennie-pete-conductor-who-kept-the-beat-after-katrina-dies-at-45/ https://gogogoairheart.com/bennie-pete-conductor-who-kept-the-beat-after-katrina-dies-at-45/#respond Sun, 19 Sep 2021 16:43:00 +0000 https://gogogoairheart.com/bennie-pete-conductor-who-kept-the-beat-after-katrina-dies-at-45/ Bennie Pete, a New Orleans tuba player who co-founded and directed the Hot 8, one of the city’s most prominent bands, and was dedicated to preserving the musical traditions of the Big Easy after Hurricane Katrina, died September 6 at a hospital there. He was 45 years old. His wife, Lameka Segura-Pete, said the cause […]]]>

Bennie Pete, a New Orleans tuba player who co-founded and directed the Hot 8, one of the city’s most prominent bands, and was dedicated to preserving the musical traditions of the Big Easy after Hurricane Katrina, died September 6 at a hospital there. He was 45 years old.

His wife, Lameka Segura-Pete, said the cause was complications from sarcoidosis, an inflammatory disease, and Covid-19.

The soul of New Orleans is rooted in music. Second-line parades march through its streets for hours, with marching bands followed by dancers holding feathered umbrellas and sipping drinks. New Orleans honors its dead with a jazz funeral that roams the city, celebrating life through a musical sacrament with the city.

Born and raised in the Upper Ninth Ward, Mr. Pete embraced this heritage. He started playing tuba at age 10 and joined a marching band in college. At 18, he took part in bringing together two brass bands, the Looney Tunes and the High Steppers, to form the Hot 8.

The Hot 8 started gambling for tips on Bourbon Street and Jackson Square, in the heart of the French Quarter. They performed outside a housing project in the Central City neighborhood, where people sat with bags of crayfish and bottles of Abita beer to listen. Mr. Pete once found himself conducting a jazz funeral for a dog.

“He was a popular dog for one of the popular musicians,” he told Esquire magazine in 2014, “and they put on a big second-line parade through the streets for him. They would make a reason to. to party.

By 2000, the Hot 8 had established itself as part of a vanguard of young brass bands that defended New Orleans’ jazz and funk traditions while playing with contemporary sound. The Hot 8’s repertoire included songs from the Specials and Marvin Gaye, and the band incorporated rap and hip-hop into their style. The musicians ran the second lines on Sundays for welfare and fun clubs; crowds gathered at night to watch them play in the bars of the Treme district.

After Hurricane Katrina hit in 2005, the preservation of New Orleans’ musical heritage became a matter of serious concern. Countless musicians have been displaced and evacuated, and long-standing jazz and blues clubs have been left in ruins. Mr. Pete and a few group mates met up in Atlanta.

Two months later, the Hot 8s banded together to conduct the first jazz funeral in New Orleans after the storm. The group performed with donated instruments and the procession members wore salvaged pieces of adornment. The parade, which paid tribute to celebrity chef Austin Leslie, began at Pampy’s Creole Kitchen in the Seventh Ward before heading to the former Chez Helene site, where a sign greeted the walkers: “We will not bow down. not. Save our soul.

As desperation gripped the city, the Hot 8 began to perform in evacuation shelters and emergency medical centers. They rode in a van, stopping to refuel until small second lines formed, before heading to another part of town. It wasn’t long before they became local heroes.

“Bennie wanted to play for these people to give them that love of New Orleans that was missing,” his wife said. “He and the group took care of spreading the culture around.”

When Spike Lee heard about the Hot 8s, he decided to feature them in his 2006 New Orleans documentary, “When the Levees Broke”. The film attracted national attention to them. They were signed to a UK label, toured with Lauryn Hill, and performed with Mos Def. They appeared on HBO’s “Treme” and recorded with gospel band the Blind Boys of Alabama.

But even though the music returned to New Orleans after the storm, the Hot 8 endured more hardship. Their snare drummer, Dinerral Shavers, was shot dead in his car in December 2006. It was just the latest in a series of tragedies for the band.

In 1996, trumpeter Jacob Johnson was shot in the head at his home. In 2004, trombonist Joseph Williams was killed during an encounter with the police. And right after Katrina, trumpeter Terrell Batiste lost his legs in a traffic accident.

Mr. Shavers’ murder particularly shocked Mr. Pete.

“I wanted to move,” he told OffBeat magazine. “I was tired of New Orleans. I felt like I would be next.

In the end, he decided to stay, and the Hot 8 recorded an album in honor of their late comrades.

Released in 2012, “The Life & Times Of…” was nominated for a Grammy Award for Best Regional Roots Music Album. The group released “Tombstone”, a sister album also based on the theme of remembrance, the following year. The Hot 8 was also featured on a 2015 compilation album, “New Orleans Brass Bands: Through the Streets of the City”, on the Smithsonian’s Folkways label.

“It all worked out,” Pete told Esquire. “Yes, we’re the Hot 8 who went through these things, but we’re still here, and that’s what we are after the storm.”

Bennie Gerald Pete Jr. was born July 10, 1976. His father was a maintenance worker in the Garden District. Her mother, Terry (Thomas) Pete, was a housewife.

As a child, Bennie attended a Baptist church in the Seventh Ward, where his maternal grandfather was a pastor, and he danced in the aisles singing gospel music. He graduated from the Lycée Alcée Fortier in 1994.

In addition to his wife, Mr. Pete is survived by three sons, Brannon, Brennon and Bennie III; two daughters-in-law, La’Shae Joseph and Laila Trask; and two sisters, Yvete and Terneisha Pete.

Over the past decade, the Hot 8 has started touring regularly in Europe; in New Orleans, the group performed on the much-vaunted stages of Tipitina’s and the annual Jazz & Heritage festival.

Mr. Pete had a seizure in 2014 and was diagnosed with sarcoidosis. In 2018, he was operated on for prostate cancer. While in confinement, his health deteriorated and he lost 100 pounds. When the Hot 8s recently resumed their Sunday residency at Howlin ‘Wolf, Mr. Pete did not join them on stage.

In the days following his death, New Orleans marching bands mourned him with music. They led the second lines through Treme, Central City and the Garden District. The moving notes of “Just a Closer Walk With Thee”, a hymn played to dismiss the dead, echoed through the night.


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Lake County History Center hosts mid-American organ gathering – News-Herald https://gogogoairheart.com/lake-county-history-center-hosts-mid-american-organ-gathering-news-herald/ https://gogogoairheart.com/lake-county-history-center-hosts-mid-american-organ-gathering-news-herald/#respond Sun, 19 Sep 2021 02:27:21 +0000 https://gogogoairheart.com/lake-county-history-center-hosts-mid-american-organ-gathering-news-herald/ Interesting music filled the air for a four-hour period on the afternoon of September 18 at the Lake County History Center in Painesville Township. An organ rally was held at the organization’s grounds, which is located at 415 Riverside Drive in Painesville Township. The Mid-America Chapter of the Musical Box Society International hosted the event. […]]]>

Interesting music filled the air for a four-hour period on the afternoon of September 18 at the Lake County History Center in Painesville Township.

An organ rally was held at the organization’s grounds, which is located at 415 Riverside Drive in Painesville Township.

The Mid-America Chapter of the Musical Box Society International hosted the event. Chapter president Rob Pollock said the group had a connection to the Lake County History Center dating back to the 1970s.

In fact, the Lake County History Center is one of the few museums in America to feature some of MBSI’s music boxes.

“(Lake County History Center) was the oldest service location where we displayed our museum items,” Pollock said. “And we’ve had people here trained to play them. So not only can you watch them, but you can also hear them.

Dawson Bogert, of Corry, Pa., Poses with a “monkey organ” belonging to his mother, Alice Bogert, who is seated right in the background. At the top of the organ is a monkey named Bardell. When spelled, Bardell is made up of the first initials of the names of Alice’s seven children. This organ was one of many on display at a September 18 organ gathering held at the Lake County History Center in Painesville Township. (Bill DeBus – The News-Herald)

About 10 years ago, the Mid-America Chapter of MBSI hosted a rally at the Lake County History Center that featured full-size organs.

“This time around, we’ve brought in the handiest and the smallest,” Pollock said. “With older children, most of our owners are older and they usually have the help of their grandchildren. But once school sets in, we don’t go out (the great organs) that often.

The underside of a hand organ built in 1900 and now owned by Rob Pollock of Urbana, Ohio, shows the handwriting listing the five songs that will be played on the street by the organist. It was one of the organs and music boxes on display at a September 18 orchestral organ gathering at the Lake County History Center in Painesville Township. (Bill DeBus – The News-Herald)

For the September 18 rally, Pollock said nine members of MBSI’s Mid-America Chapter were to bring 16 different types of group organs or various other music boxes to the Lake County History Center.

Pollock, who lives in Urbana, Ohio, brought two bodies to the event. One was a 1900 hand organ that is supported by a strap around the player’s neck.

“(The organ) was made by the Austro-Hungarian army to give it to their invalids so that they could earn money on the streets,” Pollock said. “At the time, they did not pay pensions, so these organs were often rented by soldiers or invalids who took them to the streets and played music. Some people paid them for the music and others paid them to go away.

The underside of the organ’s top cover also includes a handwritten panel listing a program of five songs the organist would play for passers-by.

Meanwhile, the marching band organs have proven to be a source of family fun for Alice Bogert and her children.

Alice, from Corry, Pa., Owns a “monkey organ” built in 1990. At the top of the organ is a toy monkey that was also made about six years later.

The monkey’s name is “Bardell,” which when spelled is made up of the first initials of the names of his seven children.

His son, Dawson, also attended the rally and demonstrated how the organ works.

The Musical Box Society International, which was established in 1950, is “a group of global enthusiasts for automated music machines whose origins predate electrically amplified music,” according to the organization’s website.

“We are intrigued by musical instruments that play themselves using punched paper, punched discs, pinned cylinders, paper rolls or a digital musical instrument interface (MIDI) and are powered by a hand crank, springs or electric motors, ”the website said.

MBSI’s Mid-America Chapter covers a territory that includes states such as Illinois, Indiana, Ohio, and Pennsylvania. and Kentucky.

Pollock said the organization provides a great opportunity for members to share a common passion, as well as to socialize.

“Once you get started on this project, you meet people who have similar interests and tastes, and after less than two or three years, it’s like getting together as a family,” he said. declared. “Everything is friendly.


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