Warner Music Group CEO Says 'We're Like Marvel for Music'

Bloomberg

Watch Warner Music Group CEO Says 'We're Like Marvel for Music' - Bloomberg on Dailymotion

Transcript

00:00You guys have broken a lot of new acts.

00:01Do you feel like you're getting the proper recognition on Wall Street, though?

00:05Because you guys still trade at a much lower multiple than Universal.

00:09Sure.

00:11We are working on the recognition, as you can imagine.

00:15Look, the proof is, you know, what I can do is point to our chart share on Spotify 200,

00:22where we're the number two record label in the world in that.

00:26Yeah.

00:26Despite our smaller size in general.

00:30Growing our market share, obviously, is important.

00:33So all of it in due course.

00:36Yeah.

00:36We've accomplished all of that while going through incredibly invasive and difficult changes in the company,

00:43which just shows you that you can do really, really hard things while grow and become more successful at the same time,

00:49which most people don't generally believe.

00:51Right.

00:51And I'm really proud of our employees to actually have delivered on that during our year,

00:56and it's actually very exciting to do that.

00:58I want to get, the word invasive is provocative, but is there, are there opportunities for your company,

01:07when you say increasing the value of music, in areas that are sort of tangential to music,

01:12whether, you know, you've talked about super fans, social, gaming, film and TV,

01:17do you see any real big growth opportunities there, or are you more focused on the core?

01:23We're very much focused on the core.

01:25We're looking at all of these adjacencies that you're talking about,

01:29but precisely for the reason that you said, which is we have to make sure that we deliver stability,

01:34stable growth, stable earnings growth, we're focused a lot on the core,

01:41while at the same time starting to build sort of adjacent areas that can help expand the business.

01:47Right.

01:48So when are you going to announce your Slate deal with Netflix?

01:50I'm not sure whether you heard that, but, you know, so obviously I cannot confirm anything.

02:02But, you know, if you step back and think about this, it makes a lot, you know,

02:08our company has tremendous catalog.

02:10Like Prince, Madonna, Fleetwood Mac, you know, it just goes on and on and on.

02:19The stories that we have are incredible, and they haven't really been told.

02:26We're like Marvel for music.

02:28That's where we are.

02:31And it will be unlocked.

02:34And so it makes a lot of sense for us to partner with a company that can bring it to life.

02:40all around the world.

02:42And it's exciting both for acts who are no longer with us,

02:47but we make their estates happy and satisfied,

02:50but also for acts who are with us,

02:52who then can actually help bring young audiences to the streaming platforms.

02:57Yeah.

02:57So, you know, if you talk about it in principle.

03:00Do you have a dream music documentary that you want to see?

03:03There's no way I can answer that question.

03:05Like choosing between your children?

03:07Exactly.

Category

Transcript

Be the first to comment

Recommended