Warner Music CEO to Step Down Next Year

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Warner Music Group Corp. Chief Executive Steve Cooper volition exit the institution adjacent year, the euphony company’s longest-running CEO told employees successful an email.

His 11 years astatine the helm of the world’s third-largest euphony institution by income came during a tumultuous and past vibrant clip for Warner Music and the industry. Mr. Cooper inherited a institution successful diminution and past steered its turnaround by embracing streaming, which led to the institution doubling its gross and taking marketplace stock from larger competitors.

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