Warner Music is the third-largest of the three major record companies. Recorded music accounts for most of the firm's revenue, with the segment housing notable record labels including Atlantic Records, Warner Records, Elektra Records. Some of the most successful current artists signed to record deals with Warner include Ed Sheeran, Bruno Mars, Cardi B, and Dua Lipa. Warner's remaining revenue comes from its publishing business, where Warner Chappell represents more than 180,000 songwriters and composers, some of whom are also Warner recording artists but many of whom are not recording artists or are attached to other labels. Warner Chappell controls more than 1 million musical compositions. Access Industries controls 98% of Warner's voting rights, while holding a 72% economic interest.

Institution	Shares	Value	Change
Vanguard	13,075,910	$354M	DECREASED
Independent Franchise Partners	12,997,804	$352M	DECREASED
Darsana Capital Partners	11,943,199	$323M	INCREASED
JPMorgan Chase	11,188,756	$298M	DECREASED
BlackRock	10,209,746	$276M	INCREASED

Warner Music Group Corp. Class A Common Stock (WMG) Ownership & Trading Activity

Top Institutional Holders