About: http://data.cimple.eu/news-article/48c016765014fe30c904393f2d7b731b71d52a920d95ed96880a1a08

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About: http://data.cimple.eu/news-article/48c016765014fe30c904393f2d7b731b71d52a920d95ed96880a1a08 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	Warner Music said its stock would start trading Wednesday at $25 per share and raise more than $1.9 billion in its hotly awaited IPO. The recording company increased the size of the deal to 77 million shares from the 70 million it had announced initially. Access Industries, a group of investors headed by billionaire Len Blavatnik, which acquired Warner Music for $3.3 billion in 2011, will retain its majority stake. The company will trade on the NASDAQ as WMG. It had set a price range of $23 to $26 for its shares. Warner Music, one of the world's "big three" recording companies, is the home of artists such as Cardi B and Ed Sheeran and holds the lucrative back catalogues from the likes of Madonna. Warner had initially announced IPO plans in February before postponing them over the coronavirus pandemic, still considered a risk factor to the company's business. The infection's spread dealt the music industry a major blow especially to live performances, with a Goldman Sachs report projecting a 25 percent drop in global revenue though forecasting a brighter outlook for 2021. Warner owns and operates some of the globe's most successful labels, including Atlantic Records, Elektra Records, Warner Records and Parlophone. It also owns the globe's major music publisher Warner Chappell Music. vog/dw/jh
schema:headline	Warner Music to start trading Wednesday at $25 per share, to raise $1.9 bln
schema:mentions	NASDAQ Ed Sheeran Leonard Blavatnik Cardi B Initial public offering Honorific nicknames in popular music Goldman Sachs Billionaire Pandemic Warner Chappell Music Parlophone Warner Records Access Industries Elektra Records Warner Music Group Atlantic Records The Infection Forecasting Data warehouse Vog Microsoft Outlook
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-06-03 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	64 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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