Warner Music Group And Elliot Grainge's 10K Projects Announce Joint Venture
Portfolio Pulse from Happy Mohamed
Warner Music Group (NASDAQ:WMG) has announced a joint venture with 10K Projects, a Los Angeles-based label founded by Elliot Grainge. 10K Projects will become a standalone label within the WMG ecosystem, benefiting from WMG's investment, expertise, and global infrastructure. The label is home to several chart-topping artists and has been behind over 30 platinum-certified hits. Elliot Grainge will remain CEO of 10K Projects and join WMG's global leadership team.
September 05, 2023 | 5:06 pm
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Warner Music Group's joint venture with 10K Projects could potentially boost its portfolio with the addition of chart-topping artists and platinum-certified hits. This move could enhance WMG's market position and revenue potential.
The joint venture with 10K Projects brings a roster of successful artists and a proven track record of platinum-certified hits to Warner Music Group. This could potentially increase WMG's market share and revenue, positively impacting its stock price in the short term.
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