Warner Music Group are attempting to become a public company once again, after spending eight years as a private one.
The company made the announcement on Thursday (February 6) after filing an Initial Public Offering request through the Securities and Exchange Commission in the U.S. The move follows a similar one form Universal Music Group last December.
They news comes after the long-running company announced record profits in the first economic quarter. As reported in Billboard, they earned $1.25 billion in revenue and $122 million in income – a 42% increase on the same quarter a year ago.
Warner have been a private company since Access Industries bought the label in 2011 for $3.3 billion.

In other music industry news, a group of music insiders have voiced their concerns to NMEÂ about the cost of Brexit to artists.
Whilst the value of the UKâs live music scene surged to ÂŁ1.1billion last year, they say the implications of Brexit could be âdevastatingâ to artists wishing to tour Europe. Blaming the extra expenses incurred and added paperwork relating to Visas, taxation and transporting equipment and merchandise, industry insiders have said Brexit will make crossing the Channel âcompletely unviableâ for new and mid-level artists.
Tens of thousands have already signed a petition by the Musiciansâ Union calling for a new passport that will allow acts and crew to travel freely between EU member states, ridding them of new required permits.
âItâs OK when youâre a big-time act and you can afford to swallow costs, but if youâre the average or emerging artist then youâre hand-to-mouth,â Isle Of Wight Festival boss and music agent John Giddings told NME. âIf itâs going to cost more money to tour there or youâre going to have to take extra days off, then itâs not going to be financially possible.â
Mark Davyd, the CEO of the UK Music Venue Trust added:Â âIt is quite plain that so far the government has not really acted at all on the basis of the advice that we and plenty of others have given them.
âThat advice is that the Brexit deal creates barriers to being able to perform in Europe and for European performers to perform in the UK â barriers that will only be able to be managed by artists with a certain level of success.â
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