Young became one of Warner's longest-established artists, recording both as a solo artist and with groups under the Warner-owned Atlantic, Atco, and Reprise labels. This acquisition brought Neil Young into the company fold, initially as a member of Buffalo Springfield. was sold to Seven Arts Productions in 1967 (forming Warner Bros.-Seven Arts), it purchased Atlantic Records, founded in 1947 and WMG's oldest label (until WMG completed its acquisition of Parlophone in 2013), as well as its subsidiary Atco Records. With the Reprise acquisition, Warner gained the services of Mo Ostin, who was mainly responsible for the success of Warner/Reprise. In 1963, Warner purchased Reprise Records, which had been founded by Frank Sinatra three years earlier so that he could have more creative control over his recordings. In order to prevent any repetition of its actors recording for rival companies, and to also capitalize on the music business, Warner Bros. 1 hit song in 1957 for Dot Records, a division of rival Paramount Pictures. had no record label division at the time one of its contracted actors, Tab Hunter, scored a No. Since August 2, 2018, WMG has expanded its business to digital media operation through its acquisition of Uproxx. WMG also owns Warner Chappell Music, one of the world's largest music publishers. The company owns and operates some of the largest and most successful labels in the world, including Elektra Records, Reprise Records, Warner Records, Parlophone Records (formerly owned by EMI), and Atlantic Records. With a multibillion-dollar annual turnover, WMG employs more than 3,500 people and has operations in more than 50 countries throughout the world. It later had its second IPO on Nasdaq in 2020, once again becoming a public company. Discovery), WMG was publicly traded on the New York Stock Exchange from 2005 until 2011, when it announced its privatization and sale to Access Industries. Formerly part of Time Warner (now Warner Bros. It is one of the " big three" recording companies and the third-largest in the global music industry, after Universal Music Group (UMG) and Sony Music Entertainment (SME). Warner Music Group, commonly abbreviated as WMG) is an American multinational entertainment and record label conglomerate headquartered in New York City.
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