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Warner Music Group (abbreviated as WMG, commonly referred to as Warner Music or WEA International) is an American multinational entertainment and record label conglomerate headquartered in New York City. It is one of the «big three» recording companies and the third largest in the global music industry, next to Universal Music Group (UMG) and Sony Music Entertainment (SME), being the only American worldwide music conglomerate. Formerly owned by Time Warner, the company was publicly traded on the New York Stock Exchange until May 2011, when it announced its privatization and sale to Access Industries, which was completed in July 2011. With a multibillion-dollar annual turnover, WMG employs in excess of 3,500 people and has operations in more than 50 countries throughout the world.
The company owns and operates some of the largest and most successful record labels in the world, including its flagship labels Warner Bros. Records, Parlophone and Atlantic Records. WMG also owns Warner/Chappell Music, one of the world’s largest music publishers.
- Headquartered: To have the main offices of an organization in a particular place.
- Traded: The activity of buying and selling, or exchanging, goods and/or services between people or countries.
- Turnover: The amount of business that a Company does in a period of time.
- Flagship: the best or most important product, idea, building, etc. that an organization owns or produces.
Welcome to this activity created by Junior Advisor Mr. César Medina from Reforma Branch. Take note of all the pink words, read the text, watch the video and answer the question in the comment section below.