Warner Music Group Wmg The stocks were closed on Tuesday.
The company announced a new joint venture with the businessman Angola, see.
The partnership indicates the emergence of the first time 5 intersectionIt is a new sign under Warner’s umbrella that aims at South Asian -based artists in the United States and highlights Warner’s current talent from South Asia and her global diaspora.
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The company said that its recent initiatives will cooperate closely with Warner Records, based in Los Angeles, led by Tom Corson and Aaron Bay Shock.
Angola Charia, founder of 5 intersections, brings years of culture experience to the new project. She emphasized that the offer of creativity in South Asia is not related to chasing trends, but about recognition of cultural facts and global influence.
Others, known at all Priyanka Chopra Jonas Hollywood Career and Siding Frating between talents and global opportunities aims to amplify access to the actresses, an incomplete representation in the music industry through 5 intersections.
Robert KenkelThe CEO of Warner Music Group, praised another wide network and entrepreneurship, describing it as “creative dynamo and entrepreneurship.”
He pointed to the early recognition of the company with the potential of South Asian music and said that this new project is in its position to enhance the cultural and commercial bridge between South Asia and North America. Corson and Bay Shock also expressed confidence in the brand’s ability to expand the scope of the influence of South Asia’s music in the United States market.
5 intersection will also be in line with Warner Music IndiaWhich has quickly reached its arrival throughout the area.
In addition, 5 intersection will cooperate with 91 north of the recordsA joint project based in Toronto between Warner Music India and Warner Music Canada, focusing on mixing South Asia’s music with Canadian influences.
The Acharia record links Western stars like lady gaga and Britney Spears To the masses of South Asia.
It has also invested in major startups such as Bumble and ClassPass, and continuously calls for comprehensive representation at the intersection of technology, culture and celebrities.
according to Benzinga ProWMG lost more than 14 % last year. On Monday, Morgan Stanley Benjamin Swinburn’s analyst has reduced Warner Music classification from weight gain to equal weights, reducing price forecasts from $ 37 to $ 32.
Investors can expose the stock via The global music industry index Musq Etf Musq.
Price work: WMG shares closed 1.15 % to $ 28.04 on Tuesday.
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