{"schema_version":"secwatch.filing_event.v1","accession":"0001319161-24-000007","form_type":"8-K","ticker":"WMG","cik":"0001319161","company_name":"Warner Music Group Corp.","filed_at":"2024-02-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.749506+00:00","generated_at":"2026-06-06T06:51:03.601140+00:00","sec_items":["2.02","2.05","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Warner Music Q1 revenue up 17% to $1.75B; announces restructuring plan with 600 job cuts","bullets":["Revenue up 17% to $1.748B; net income $193M vs $124M YoY; Adjusted OIBDA +35% to $451M.","Recorded Music revenue up 17% to $1.445B; Music Publishing up 22% to $304M; both all-time quarterly highs.","Restructuring plan targets $200M annualized cost savings by end of fiscal 2025; headcount reduction ~600 (10%).","Pre-tax charges ~$140M ($85M severance, $55M impairment); majority incurred by end of fiscal 2024.","Plan includes winding down non-core media properties and in-house ad sales; savings reinvested in core music and tech."],"urls":{"canonical":"https://secwatch.observer/filing/0001319161-24-000007","json":"https://secwatch.observer/filing/0001319161-24-000007.json","markdown":"https://secwatch.observer/filing/0001319161-24-000007.md","text":"https://secwatch.observer/filing/0001319161-24-000007.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1319161/000131916124000007/0001319161-24-000007-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1319161/000131916124000007/wmg-20240207.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T06:51:03.601140+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"354fb2ae41749162807c6690124f5c1da659528f","claim":"Warner Music Group Corp. reported the quarter ended December 31, 2023 results: revenue $1,748, net income $193 million.","evidence_excerpt":"WMG Summary Results (dollars in millions) For the Three Months Ended December 31, 2023 For the Three Months Ended December 31, 2022 % Change (unaudited) (unaudited) Revenue $ 1,748 $ 1,488 17 % Recorded Music revenue 1,445 1,239 17 % Music Publishing revenue 304 250 22 % Operating income 354 265 34 % Adjusted OIBDA (1) 451 335 35 % Net income 193 124 56 %","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1319161/000131916124000007/0001319161-24-000007-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended December 31, 2023"},{"label":"Revenue","value":"$1,748"},{"label":"Net income","value":"$193 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"2d73f27f953b5022052f118aa03c23cf21d9aaea","claim":"Warner Music Group Corp. announced a restructuring with charges of approximately $140 million of total non-recurring pre-tax charges or approximately $105 million of total after-tax charges affecting Recorded Music and Music Publishing businesses; non-core owned and operated media properties including in-house ad sales function (approximately 600 or 10%).","evidence_excerpt":"600 or 10%, a majority of which will be related to the O&O Media Properties, Corporate and various support functions. The Plan is expected to result in approximately $140 million of total non-recurring pre-tax charges or approximately $105 million of total after-tax charges. The pre-tax charges include approximately $85 million in severance payments and","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1319161/000131916124000007/0001319161-24-000007-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"restructuring"},{"label":"Charge","value":"approximately $140 million of total non-recurring pre-tax charges or approximately $105 million of total after-tax charges"},{"label":"Affected area","value":"Recorded Music and Music Publishing businesses; non-core owned and operated media properties including in-house ad sales function"},{"label":"Headcount","value":"approximately 600 or 10%"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}