WARNER MUSIC GROUP ACQUIRES CONTROLLING STAKE IN TEMPO MUSIC

Core Insights - Warner Music Group has acquired a controlling stake in Tempo Music Investments, an investment platform for premium music rights, from Providence Equity Partners, which will remain a minority investor [1][2] - The acquisition aims to expand Warner Chappell's catalog and enhance revenue generation through a diverse portfolio of music rights [3][4] Company Overview - Tempo Music Investments was launched in 2019 as a partnership between Providence Equity Partners and Warner Music Group, combining capital and investment expertise with music industry resources [2] - Tempo focuses on empowering artists and songwriters while delivering compelling financial results through a disciplined investment approach [6] Catalog and Artist Representation - The catalog acquired includes rights from notable artists and songwriters such as Bruno Mars, Twenty One Pilots, Adele, Wiz Khalifa, and Florida Georgia Line, among others [1][4] - Tempo has built a high-quality catalog over the years, representing top artists and songwriters, which aligns with Warner Chappell's existing partnerships [3][4] Strategic Goals - The acquisition is seen as a natural fit for Warner Music Group, aimed at building scale and influence while delivering high-margin revenue [3] - The partnership with Providence Equity Partners will continue, supporting Tempo's next phase of growth [2][3]