Warner Music Group, which is a home to music artist like Cardi B, and Ed Sheeran, has recently filed for a proposed initial public offering. This isn’t the first time the Warner Music Group has been on the verge of going public. In July 2011, Access Industries billionaire Len Blavatnik, purchased the company for $3.3 billion. Warner Music Group had been a private company ever since. So where did this move come from? The company had a 42% income increase from a year ago. It was the highest quarterly revenue Warner Music Group has had in 16 years since splitting from Time Warner in 2004. With Universal Music Group being a competitor to Warner Music Group, it’s only right that Warner Music Group test the stock market waters as well. Universal Music Group had a value of $23.5 billion in August of 2017. Now just 3 years later the company is now valued at $33 billion. Some people also believe that this move from Warner Music Group comes from a similar move that competitor Universal Music Group did in December 2019. Universal announced a 10% sale to a consortium led by a Chinese tech giant. There is no set price on the Warner Music Group stocks yet.
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