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Warner Music Group is one of the Big Five record labels. Its labels include Atlantic Records, Elektra Records, London Records, Reprise Records, Rhino Entertainment, Warner Music Australia, Word Entertainment, a stake in Maverick Records, and others.
WMG also has a publishing arm, Warner-Chappell Music which includes the print music company Warner Music Publications.
It was recently sold by parent Time Warner to a group of investors led by Edgar Bronfman, Jr. in order for the parent company to reduce its debt load. This takeover was completed on February 27, 2004.
In the 2004 transition to becoming an independent label, WMG hired record industry heavyweight Lyor Cohen from Universal Music Group in an attempt to reduce cost and increase performance.
Artists whose work is, or has in the past, been published by Warner Music Group include: