$WMG

Warner Music Group (WMG) is suing Luxottica for $64 million, alleging unauthorized use of 427 songs in ads. WMG claims Luxottica's social media posts featuring artists like Miley Cyrus and Dua Lipa violated copyright laws. WMG seeks damages of up to $150,000 per song, citing willful infringement. Luxottica, with a $93.3 billion market cap, may argue the posts were not advertisements. WMG's market cap is $16.4 billion.

The US Supreme Court declined to hear an appeal from music labels (BMG, Sony Music, Universal Music Group, Warner Music) challenging a ruling that a US copyright termination law applies globally. The case involved songwriter Cyril Vetter reclaiming rights to the 1960s hit 'Double Shot (Of My Baby’s Love).' The lower court's decision in favor of Vetter was upheld, allowing him to terminate copyright transfers and reclaim rights worldwide.

StoneX initiated coverage of Warner Music Gr with a Buy rating and $41 price target, implying 41.8% upside from the Oct 14 close. The analyst highlights strong revenue growth potential due to PSM contracts and market undervaluation, citing improved cash flow and margins.

Warner Music Group (WMG) sued EssilorLuxottica, owner of Ray-Ban, for $64 million, claiming 427 copyrighted works were used in ads without permission. WMG seeks $150,000 per infringement, totaling $64 million. EssilorLuxottica's ads, featuring WMG artists, allegedly drove significant sales. WMG alleges no compensation was paid. EssilorLuxottica has not yet commented.

Kakao Entertainment and Warner Music Group's Atlantic Music Group (AMG) formed a partnership to develop global K-pop IP. The alliance covers music production, distribution, and marketing. Kakao brings IP expertise, while AMG offers global networks and labels. Both aim to expand K-pop's international reach and commercial success.

Gabe Jagger's whynow acquired Warner Music Group's (WMG) EMP Merchandise, a major European rock and pop culture merch retailer. The deal aims to expand whynow's platform, connecting artists, brands, and fans. EMP serves over 10 million customers and operates a large licensed merchandise catalog. whynow plans to establish a European base in Berlin while keeping its global HQ in London.

Warner Music Group sold EMP, acquired for $180M in 2018, to whynow. Universal Music Group promoted Frank Briegmann to CEO of its European and international operations. Warner Music UK & Ireland named Sonny Takhar as future CEO. Avex increased its stake in S10 Entertainment to 85%, aiming for full ownership.

UBS maintained a 'Buy' rating for Warner Music Group (WMG) and raised its price target to $43.00 from $42.00. GuruFocus values WMG at $35.37, suggesting a 22.6% undervaluation. The company has a GF Score of 78/100, indicating strong performance in profitability and valuation, but moderate financial strength.

Warner Music Group (WMG) opened a global product and engineering hub in Bengaluru, India. The hub, led by Mahesh Rao, will develop products for WMG's global technology stack, including music distribution systems, AI for forecasting, and marketing data products. The facility follows a 12-month incubation phase and will support WMG's broader architectural decisions. WMG is recruiting for various tech roles.

Warner Music Group (WMG) announced leadership changes, appointing Sonny Takhar as chairman and CEO of Warner Music UK & Ireland, effective January 2027. The reshuffle aims to streamline decision-making and align artist development, catalog distribution, and AI tool deployment. The company projects $8.5B revenue and $943.7M earnings by 2029, with analysts estimating 5.4% yearly revenue growth.