Music

Music, trading as WMG-US, operates in the broad Media Entertainment industry. The company, founded in the early seventies, engages in the discovery, development, and promotion of recording artists and their music. It earns revenue primarily through the sale of recorded music, encompassing physical formats, digital downloads, and streaming royalties. Additionally, the company generates income from music publishing, which includes licensing songs for use in films, television shows, advertisements, and other commercial ventures, as well as collecting royalties when compositions are performed publicly. Its website, brucespringsteen.net, offers further insight into its artist-centric approach.

The fortunes of individuals like Len Blavatnik are tied to Music through ownership stakes in the company. Jay-Z, Taylor Swift, and Bruce Springsteen, as prominent recording artists and songwriters, derive significant wealth from their contractual relationships with Music, including advances, royalties from recorded music sales and streams, and income generated through their publishing catalogs managed by the company. Their ongoing success in creating and performing music directly contributes to Music's revenue streams, thus impacting their personal wealth.