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Warner Music gains rights to Bruno Mars, Adele songs through Tempo deal

Warner Music Group has acquired a controlling stake in Tempo Music for around $450 million, gaining rights to songs by artists such as Bruno Mars and Adele.
The company reported a revenue of $1.67 billion for the first quarter, slightly above analysts' estimates of $1.66 billion.
Despite a 5% revenue decline, Warner Music's net income rose nearly 25% to $241 million due to foreign exchange hedging and investment sales.
Chief Executive Robert Kyncl noted that the acquisition of Tempo is part of a strategy to expand their intellectual property portfolio.

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Billboard

Warner Music Group’s Q1 Earnings Show a Label in Transition: What You Need to Know

What a difference a year can make. Warner Music Group said on Thursday that revenue from its first fiscal quarter fell 5% to $1.67 billion from a year ago, as the company suffered tough comparisons to a period last year when it still had BMG as a physical and digital distribution client and enjoyed a $30-million boon from a digital licensing renewal deal. But the third-biggest major music company also showed that the deep staffing cuts and w…

17 days ago·United States

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WTVB

Warner Music gains rights to Bruno Mars, Adele songs through Tempo deal

(Reuters) – Warner Music Group said on Thursday it has acquired a controlling stake in Tempo Music, helping it expand its intellectual property portfolio by gaining rights for songs by artists such as Bruno Mars, Adele and Wiz Khalifa. The deal values Tempo at around $450 million, sources familiar with the matter told Reuters. Shares of the company rose 1.1% in premarket trading. Separately on Thursday, Warner Music also reported revenue of $1.6…

17 days ago

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Toronto Sun

Warner Music buys Bruno Mars, Adele songs in $450 million deal

The deal values Tempo at $450 million, according to a person familiar with the matter.

17 days ago·Toronto, Canada

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The Hollywood Reporter

Warner Music Acquires Controlling Stake in Music Rights Investor Tempo to “Unlock More Value”

Warner Music Group (WMG), led by CEO Robert Kyncl, said on Thursday that it has acquired a controlling stake in Tempo Music Investments, an investment platform for premium music rights, from Providence Equity Partners.

17 days ago·Los Angeles, United States

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Cirrkus News

Warner Music Buys Controlling Stake in Tempo Music Catalog JV

A live performance from Wiz Khalifa, one of the artists who’s recorded works in the Tempo Music catalog. Photo Credit: The Come Up Show Warner Music Group (WMG) has purchased a majority interest in Tempo Music Investments, the catalog-focused JV it launched with Providence Equity Partners in late 2019. The major label revealed that deal (besides its calendar Q4 2024 financials and a new Spotify licensing agreement) today. According to the approp…

17 days ago

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Revista Oeste

Warner Music announces purchase of catalog recorded by Adele and Bruno Mars

Warner Music Group (WMG) announced, this Thursday, the 6th, that it acquired a controlling interest in Tempo Music Investments, a catalog of musical rights with recordings by artists such as Bruno Mars, Adele and Wiz Khalifa. The deal would have cost US$ 450 million (about R$ 2.6 billion). In 2019, WMG teamed up with investment firm Providence Equity to support, promote, and create value around artists and songwriters globally. From this partner…

17 days ago

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