WMG CEO says results suffered from a tough comparison to early 2024, when exchange rates swung to their benefit and there was a surge in subscription streaming growth.
The app will provide "deeper insights into careers and fan bases."
A new lawsuit alleges unauthorized use of hits, including BTS' "Butter" and Lizzo's "Juice."
Also this week: Complex's founder returns, Big Machine hires a Universal veteran, Warner Music Nashville promotes a pair, and 5B launches its Pink Motel.
Zerza succeeds Bryan Castellani, who will serve until May 5.
ADA will cover global distribution for all new releases from the label’s roster, which includes WILLOW and Four Tet.
Tomás Talarico arrives to lead Warner Music Southern Cone as longtime managing director Guillermo Castellani steps down.
The WMG veterans report to Michael Ryan Southern, aka MRS, who calls them both "tenacious and curious leaders."
Total quarterly income, recorded music and streaming income fell, but cost-cuts freed up money to invest in A&R and buy Tempo's music catalog.
"It’s a big step forward in our vision for greater alignment between rights holders and streaming services," says Warner Music chief Robert Kyncl.
