---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-222169"
form_type: "8-K/A"
ticker: "WMG"
cik: "0001319161"
company_name: "Warner Music Group Corp."
filed_at: "2024-09-19T23:59:59+00:00"
generated_at: "2026-05-31T03:30:07.803077+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# WMG revises restructuring plan: cost savings now $260M, charges $210M, headcount cut 750

## Summary
- Pre-tax cost savings target raised to ~$260M, majority by end of FY2025, from prior $200M.
- Total non-recurring pre-tax charges now ~$210M (was ~$140M), including $150M severance and $55M impairment.
- Headcount reduction increased to ~750 (13%) from ~600 (10%), mostly in O&O Media, Corporate and support.
- Majority of charges (~$180M) still expected by end of FY2024; severance payments extended to FY2026.
- Ongoing implementation could result in additional charges above revised estimates.

## SEC filing metadata
- accession: 0001193125-24-222169
- form_type: 8-K/A
- ticker: WMG
- cik: 0001319161
- company_name: Warner Music Group Corp.
- filed_at: 2024-09-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1319161/000119312524222169/0001193125-24-222169-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1319161/000119312524222169/d872421d8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-222169
- JSON: https://secwatch.observer/filing/0001193125-24-222169.json
- Plain text: https://secwatch.observer/filing/0001193125-24-222169.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.