Feb 6, 2020 - Economy

Warner Music Group files for IPO, again

In this image, Warner Music Group logo is displayed on an iphone.

The Warner Music Group logo. Photo: Igor Golovniov/SOPA Images/LightRocket via Getty Images

Warner Music Group, one of the largest companies in the global music industry, filed for an initial public offering on Thursday.

Details: The company's filings show it held $258 million in net income at the end of fiscal year 2019, and had $2.974 billion in total and long-term debt at that time.

Flashback: Warner Music Group went private in 2011 after billionaire Leonard Blavatnik purchased it for $3.3 billion.

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