The radio company's shares haven't closed above $1 per share since July 2022.
The radio company's shares were boosted by an announcement of a $10 million share repurchase.
Executives say a soft release schedule dampened revenue growth in the last two quarters. Data suggests the next two quarters will be better.
Slow quarter for new releases puts a drag on streaming revenue, but recent Ed Sheeran and Jack Harlow albums could boost WMG's second half.
The fund launches with initial stakes in OpenAI, Anthropic and StabilityAI.
The pay bump, which includes a signing bonus and a performance bonus, comes amid a rocky time for the company.
Streaming revenue, given a boost from hits by Miley, SZA and others, boosted recorded music and publishing revenue in a record-setting year.
Growth in first quarter coming largely from investments and paid streaming overseas, especially in Asia Pacific and Latin America.
Fred Davis and Joe Puthenveetil have advised on recent fundraising and sales for gamma, Quality Control, Kobalt and more.
Sales by Morgan Wallen, Taylor Swift and other artists boost UMG's recorded music and publishing divisions.
