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WARNER MUSIC GROUP ACQUIRES CONTROLLING STAKE IN TEMPO MUSIC

1. WMG acquires controlling stake in Tempo Music Investments, enhancing music rights portfolio. 2. Providence Equity remains a minority investor, ensuring ongoing collaboration with WMG.

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FAQ

Why Bullish?

This acquisition strengthens WMG's position and market share in music rights, similar to past successful acquisitions enhancing revenue streams.

How important is it?

Strategic acquisition of a premium music rights platform directly influences WMG's revenue capabilities and competitive advantage.

Why Long Term?

The acquisition solidifies WMG's long-term growth potential in the evolving music industry, similar to prior investments that have yielded consistent returns.

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WMGPROV
Catalog includes rights in songs recorded by Bruno Mars, Twenty One Pilots, Adele, Wiz Khalifa, Florida Georgia Line, and Lukas Graham Providence Equity Partners to Remain a Minority Investor NEW YORK , Feb. 6, 2025 /PRNewswire/ -- Warner Music Group Corp. ("Warner Music Group" or "WMG") today announced that it has acquired a controlling stake in Tempo Music Investments ("Tempo"), an investment platform for premium music rights, from Providence Equity Partners ("Providence"). Providence will remain a minority investor in Tempo and continue to work with WMG in an advisory capacity.

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