Deutsche Bank Aktiengesellschaft has started covering the shares of Warner Music Group (NASDAQ:WMG – Get Note) in a report released on Friday, Benzinga reports. The brokerage has set a “buy” rating and a price target of $42.00 on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates an upside potential of 26.32% from the company’s current price.

Several other brokerages have also recently commented on WMG. Jefferies Financial Group moved shares of Warner Music Group from a ‘hold’ rating to a ‘buy’ rating and raised its price target for the company from $41.00 to $50.00 in a research report Tuesday, January 4. Loop Capital raised its target price on Warner Music Group from $37.00 to $45.00 and gave the stock a “hold” rating in a Tuesday, November 16 research report. Redburn Partners downgraded Warner Music Group from a “sell” rating to a “neutral” rating in a Monday, December 13 research report. Royal Bank of Canada raised its target price on Warner Music Group from $47.00 to $52.00 and gave the stock an “outperform” rating in a Tuesday, November 16 research report. They noted that the move was a review call. Finally, Tigress Financial raised its price target on Warner Music Group shares from $48.00 to $52.00 and gave the stock a “buy” rating in a Wednesday, Dec. 22 research report. Two investment analysts gave the stock a sell rating, three gave the company a hold rating and eight gave the company a buy rating. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $48.42.

NASDAQ:WMG shares opened at $33.25 on Friday. The stock has a 50-day moving average of $38.40 and a 200-day moving average of $41.68. The company has a market capitalization of $17.12 billion, a PE ratio of 44.33, a growth price-earnings ratio of 1.07 and a beta of 1.07. Warner Music Group has a 12-month low of $29.34 and a 12-month high of $50.23. The company has a current ratio of 0.60, a quick ratio of 0.58 and a debt ratio of 22.36.

Warner Music Group (NASDAQ:WMG – Get Rating) last released its quarterly results on Tuesday, February 8. The company reported earnings per share of $0.36 for the quarter, beating the Zacks consensus estimate of $0.29 by $0.07. The company posted revenue of $1.61 billion in the quarter, compared to analysts’ estimates of $1.49 billion. Warner Music Group achieved a net margin of 7.04% and a return on equity of 481.86%. The company’s revenue increased 20.9% year over year. In the same period a year earlier, the company posted earnings per share of $0.20. Equity research analysts expect Warner Music Group to post 1.01 earnings per share for the current fiscal year.

In related news, Director Lincoln E. Benet sold 10,000 shares in a trade dated Friday, March 4. The shares were sold at an average price of $33.20, for a total value of $332,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed on the SEC’s website. Additionally, director Lincoln E. Benet sold 20,000 shares in a transaction dated Monday, February 28. The stock was sold at an average price of $35.64, for a total transaction of $712,800.00. The disclosure of this sale can be found here. Last quarter, insiders sold 4,396,680 shares of the company valued at $178,545,409. 76.57% of the shares are currently held by insiders of the company.

Institutional investors have recently changed their positions in the company. Eagle Bay Advisors LLC increased its position in Warner Music Group by 100.0% in the third quarter. Eagle Bay Advisors LLC now owns 600 shares of the company valued at $26,000 after purchasing an additional 300 shares during the period. Westpac Banking Corp bought a new stake in Warner Music Group during Q4 for $27,000. PNC Financial Services Group Inc. increased its position in Warner Music Group by 201.3% during the third quarter. PNC Financial Services Group Inc. now owns 958 shares of the company valued at $41,000 after purchasing an additional 640 shares in the last quarter. Capital Square LLC purchased a new stake in Warner Music Group during Q3 for $229,000. Finally, JustInvest LLC acquired a new stake in Warner Music Group during the 4th quarter at a value of $226,000. 19.12% of the shares are currently held by institutional investors.

About Warner Music Group (Get an evaluation)

Warner Music Group Corp. operates as a music entertainment company in the United States, United Kingdom and internationally. The Company operates through the Recorded Music and Music Publishing segments. The Recorded Music segment is involved in the discovery and development of recording artists, as well as the related marketing, promotion, distribution, sale and licensing of music created by such artists.

Further reading

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Should you invest $1,000 in Warner Music Group right now?

Before you consider Warner Music Group, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Warner Music Group wasn’t on the list.

While Warner Music Group currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

The launch of ChartStars marks Billboard’s first scalable NFT product for music fans. ChartStars will be an artist-driven collection of digital artworks that commemorates Billboard Charts achievements and milestones. These collectibles will include officially licensed artwork and creations, including short music video visual clips, album photographs and more. Collecting and gamification will be built into the platform via collector leaderboards, challenges, and real utility built into smart contracts, including special access to Billboard Live events. The first one ChartStars the products are expected to be available for purchase in May.

As Billboard’s Launch Partner, UMG will work on its roster of world-class artists and labels to celebrate Billboard chart achievements for songs that debut in the Top 25 or achieve other significant related successes. on the chart, including, but not limited to, time on the chart, concurrent number of songs on the chart, and all-time records, among other milestones. UMG is the only company to ever place nine of the top 10 on Billboard’s album chart – a feat the company has accomplished six times in the chart’s 64-year history. Notably, in 2021, UMG set a new record by occupying the top spot for 38 consecutive weeks.

Billboard chose Unblocked as their NFT technology partner for ChartStars. Unblocked, which is backed by Dapper Labs, the company behind NBA Top Shot, recently announced seed funding led by Tiger Global. With Unlocked, ChartStars will accept credit card payments for digital collectibles and will operate on the Flow Blockchain platform, which is more environmentally friendly compared to other traditional blockchain technologies.

“For the first time, music fans will now have the opportunity to be forever connected to their favorite artists, sharing ownership of a moment in time,” said Julian Holguin, Chairman, Billboard. “These digital collectibles will celebrate and commemorate special chart achievements with visually stunning creation. Fans will also compete for real world prizes, adding an authentic layer of gamification to the entire platform. Couldn’t have asked for a better launch partner than UMG, a company that, like Billboard, puts artists and fans at the center of everything they do.”

Michael NashUMG’s Executive Vice President of Digital Strategy, said, “By leveraging its iconic charts for these compelling digital collectibles, Billboard is creating a groundbreaking new way for artists and fans to celebrate unique achievements and cultural moments. . We are excited to collaborate on this product innovation and open up even more avenues for our artists to maximize their creative and business potential, while forging stronger bonds with their fans. These projects, which will be complemented by the creative direction of our artists , will be unique assets that every fan will want in their collections.”

About the billboard
Billboard is a global music media brand, with a recognized authority among artists, fans and the industry at large. Billboard powers the ultimate global music destination and magazine, delivering unrivaled reports on music news, issues, trends and definitive industry charts, encompassing the most comprehensive and respected chart database in the all musical genres. Billboard also produces elite conferences and events that regularly bring industry influencers and consumers together for important conversations.

About Universal Music Group
At Universal Music Group, we exist to shape culture through the power of art. UMG is the world leader in music entertainment, with a wide range of businesses active in recorded music, music publishing, merchandising and audiovisual content. Featuring the most comprehensive catalog of recordings and songs across all musical genres, UMG identifies and develops artists and produces, distributes and distributes the most critically acclaimed and commercially successful music in the world. Committed to art, innovation and entrepreneurship, UMG fosters the development of services, platforms and business models to expand artistic and business opportunities for our artists and create new experiences for fans.

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SOURCEUniversal Music Group

Grammy-winning rapper Kanye West is respected by others in the music industry for his dedication to his craft. At the beginning of his career, when he was still a promising artist, nothing prevented him from realizing his dreams.

Kanye West rose to fame as a producer

In the 1990s, Kanye West rose to prominence as a producer who created beats for several top hip-hop artists. His big breakthrough as a producer came in 2001 with the release of Jay-Z’s seminal album The planconsidered by many to be one of the greatest rap albums of all time.

The music group Heavy Young Heathens filed a lawsuit on Thursday against NBC, American figure skating and figure skating pair Alexa Knierim and Brandon Frazier, claiming that their copyrights for the song “House of the Rising Sun” had been violated when the couple used it for their short program. earlier this week.

The group, made up of brothers Robert and Aron Marderosian, is known for their compositions in numerous TV shows, films, trailers, commercials and video games, such as ESPN’s “30 for 30”, Adidas, “Deadpool” and “The Simpsons”. One of their compositions, “House of the Rising Sun”, is based on a traditional folk song, but their version “is one of their signature songs around the world”, as it was used for the film “The Magnificent Seven”. ” and Ford car advertisements.

In the team figure skating event of the 2022 Winter Olympics, Knierim and Frazier used the composition for the short program portion of the event for which the United States won a silver medal.

In the lawsuit first obtained by Reuters, the Marderosian brothers claim they were never contacted by Knierim or Frazier, Team USA or US Figure Skating about licensing the track for their performance. They also allege that NBC, USA Network and Peacock have never inquired either since it aired on all the platforms mentioned.

“These violations do great harm to the value of (the Marderosians’) command for such a well-known piece of their catalog of recordings, and insult the integrity of their professional reputation. While Knierim/Frazier, USFS, NBC, USA , PEACOCK all profit from the revenue generated by the 2022 Winter Olympics, (the Marderosians) have been and continue to be deprived of what their creation “House of the Rising Sun” earns them by license,” the lawsuit states.

CONTINUED: Follow live updates from the Winter Olympics

MEDAL COUNT: How each country fared at the Beijing Games

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Mick Marderosian, the group’s lawyer and father, told Reuters that Knierim and Frazier’s agent “basically refused to listen to our problem”. He also said that NBC had deleted posts from the performance since the complaint was filed.

The group claims to be “entitled to damages in an amount to be proven at trial”.

US Figure Skating told USA TODAY that they do not comment on legal matters. USA TODAY has contacted NBC about the lawsuit.

This is not the first time that the group has filed a licensing complaint. In 2017, they sued Warner Bros. for using the theme song to FOX’s “Lucifer.”

Follow Jordan Mendoza on Twitter: @jordan_mendoza5.

This article originally appeared on USA TODAY: Heavy Young Heathens sues NBC, US Figure Skating over use of Olympic songs

High-end exercise equipment maker Peloton has expanded into video games.

The company has rolled out what it calls its first “gaming-inspired experience” called Lanebreak, designed for its Peloton Bike and Peloton Bike+, with music playing a central role in the game.

According to the company, the game combines “thrilling music, immersive visuals and fitness-inspired challenges” and sees players controlling a “wheel-like avatar” along a six-lane track, complete with “Moments”. placed in time with music and sequenced. to create what Peloton calls “unique fitness-focused workouts.”

Peloton says it’s also “actively exploring new platforms and formats.”

Lanebreak uses a combination of cadence (pedaling speed) and resistance (additional force needed to pedal) as primary inputs to complete “Moments”.

Players can choose different levels according to different music genres and workout types.

Peloton says it has a number of music-inspired levels powered by its launch partner, Warner Music Group.

The first themed artist levels to launch on Lanebreak are two artists distributed by Warner: David Bowie and David Guetta.

The fact that Warner Music Group – and presumably other major music companies – are now accepting/discussing new licensing uses for music on Peloton is given added flavor to the music by the fact that Spotify’s former CFO , Barry McCarthy, was named Peloton’s new CEO earlier this month.

Following a sharp drop in its market capitalization and the announced halt in manufacturing of some devices due to weak demand, Peloton has laid off 2,800 employees so far in 2022.

In this context, Lanebreak could be seen as a first step in trying to diversify Peloton’s business beyond its core fitness skills.

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Peloton says each level of Lanebreak is “individually designed to match the energy of the music and the goal of the workout.”

The company explains that the game’s levels were created using the “ideas” of its instructors, “complemented by analytics that mapped our cadence and resistance to different types of workouts and lengths, as well as the data performance of members”.

Peloton’s new gaming feature marks the latest chapter in the convergence of the worlds of fitness, gaming and music, with fitness and gaming generating significant revenue for the majors.

In May 2021, Sony Music Group boss Rob Stringer noted that the recorded music side of his business generated nearly $400 million from social, gaming and fitness platforms in its previous fiscal year. He also noted that he expects these revenue streams to “become an even bigger part of our revenue base” in the future.

Speaking during a Goldman Sachs Communacopia interview in September, Warner Music Group CEO Steve Cooper revealed that WMG’s recorded music operation had then-current revenue of $235 million. dollars a year in revenue from “alternative offerings that create new use cases for music,” including Peloton and Roblox.

“The intersection of fitness and gaming is a huge opportunity that I think every industry has only scratched the surface of so far.”

Oana Ruxandra, Warner Music Group

“The intersection of fitness and gaming is a huge opportunity that I think every industry has only scratched the surface of so far,” said Oana Ruxandra, Chief Digital Officer & EVP, Business Development, Warner Music Group.

“Lanebreak combines the already incredibly immersive content of Peloton with the interactivity of games and the power of music, to great effect.”

In a blog post announcing Lanebreak, Peloton states that its “experience was inspired by gaming from the very beginning”.

“The Peloton experience has been inspired by the game from the very beginning.”

Platoon

Peloton adds: “With Lanebreak, we go one step further by providing members with an interactive experience that challenges and rewards them in real time for their actions.

“We’re particularly excited about this, as it exposes an audience who may not be as comfortable or familiar with gaming-inspired experiences, how powerful this can be as a motivator.

“We are still at the beginning of our journey. Over the next few months, members can expect to see new mechanics and challenges introduced to Lanebreak. We are also actively exploring new platforms and formats. As with everything we do, we look to members for inspiration and ideas, and we’re eager to hear what the community has to say. »

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The launch of Peloton’s new music and fitness game follows last week’s announcement that the company’s co-founder John Foley is stepping down as CEO and being replaced by the former chief financial officer of Peloton. Spotify, Barry McCarthy.

The management shakeup is part of what Peloton calls a “comprehensive restructuring program” following a post-pandemic sales slump.

Peloton also announced that it was cutting 20% ​​of its global workforce (2,800 jobs).The music industry around the world

Warner Music Group (WMG) is one of the three major record labels. After a long period of industry consolidation, the music market has been content with having only three major labels, namely WMG, Universal Music Group (OTCPK:UMGNF), and sony (SONY) Subsidiary of Sony Music.

WMG completed its IPO to little fanfare in 2020. Shares opened around $30 and stayed there for quite a while. However, thanks to the pandemic-induced streaming boom, Warner posted strong results in 2021 and shares rose significantly last fall.

It wasn’t just Warner’s own results that sparked excitement. Additionally, main rival Universal also went public. He did it in a roundabout way. He was supposed to merge with famed investor Bill Ackman Pershing square tontine (PSTH) SPAC. However, this deal was complicatedly structured and did not withstand regulatory scrutiny.

Eventually Universal went public in Europe, rather than merging with Ackman’s SPAC. Either way, Ackman’s involvement shone a light on the music industry. Since the early 2000s, most investors considered her untouchable; music revenues had plummeted as compact disc sales declined due to rampant piracy.

With the rise of streaming services such as Spotify (SPOT), however, everything has changed. Music labels now get the majority of their revenue from Spotify and competing services, and as these continue to grow, they’re also pumping more money into record company coffers. Ackman’s involvement with Universal has woken up investors that labels are good business again. So, with that in mind, is WMG stock an attractive buy after its recent correction?

Will Warner Music Group shares rise in the long term?

I would say that probabilities favor long-term appreciation. The case for this is quite simple, yet powerful.

The global recorded music industry reached its peak around the turn of the century. In the late 1990s, labels had the best of all worlds. They made a fortune by reissuing their old catalogs on compact discs, forcing anyone who had collected records to buy the same album twice. Meanwhile, new rising trends of this era such as boy bands and hip-hop caused a massive demand for new music at the same time.

Between 2001 and 2010, however, the good times came to an end. Global music industry revenues have fallen from $24 billion a year to just $15 billion. And it’s not even adjusted for inflation. Just as other types of media such as newspapers and magazines seemed ill-equipped to survive on the Internet, music sales experienced a precipitous decline as people downloaded music, often illicitly and for free. In the event that people were buying digital music, they would often just buy individual songs for $1.29 a pop instead of buying a CD for $15 like the good old days.

Streaming, however, reversed the negative trend. Global music revenues hit a low of $14.0 billion in 2014. They rebounded to $21.6 billion in 2020. So overall, music revenues are still down significantly compared to twenty years ago, especially when adjusted for inflation. However, things are clearly on an upward trajectory and analysts expect streaming to continue growing at a healthy pace for at least the next few years.

Streaming accounts for around two-thirds of recorded music revenue in 2020, with physical sales and performing rights being the next largest contributors. It’s also worth noting that labels started making money in other ways; with 360 deals, for example, labels can participate in an artist’s revenue from concerts, merchandise, and other ancillary revenue streams.

Is WMG stock a buy, sell or hold?

I see Warner Music in the hold category, especially with the stock pulling back from its recent highs.

I would have had a hard time justifying holding WMG stock when it hit close to $50 last fall. However, here at $38, valuation is less difficult.

I see Warner as a long term royalty on the music industry. Of course, there is operational activity around the signing, development and promotion of new artists. However, more and more revenue streams seem to come from managing the back catalog and harnessing its full potential on the wide array of emerging platforms for everything from TikTok to Platoon (PTON) style fitness classes.

However, I see a more difficult short-term outlook for Warner. Much of Warner’s huge revenue growth last year was driven by the home quarantine situation. Services such as Spotify and Peloton have registered tons of new users; engagement exploded as people were taken away from other traditional entertainment and fitness options.

As we’ve seen this earnings season, however, the tailwind for streaming services has quickly died down. netflix (NFLX) collapsed following a significant slowdown in its growth trajectory. Spotify stock also lost ground after its latest earnings report. And Peloton resorted to a major cost-cutting campaign following a drop in demand for its bikes.

These types of services were huge factors pushing WMG’s growth at the margin. And now, growth is expected to decelerate sharply, at least over the next 12 months.

In the longer term, labels are good business. The streaming world has restored the value of music-based intellectual property, and it looks like piracy will no longer be a major threat to the industry’s outlook.

However, at some point, the growth will come to fruition for music streaming. In developed markets, anyway, most people who are going to get Spotify or Apple Music (AAPL) subscriptions probably already have. Meanwhile, as weaker streaming services leave the playing field, expect Spotify to negotiate a tougher royalty-sharing deal with labels.

These factors point to a steady stream of earnings, but not the kind of rapid growth we’ve seen in recent years. I expect people to be a little over-informed about the outlook for music streaming royalties given recent strong results. But I expect it to be a low growth business in the long run. The amount of music consumed around the world isn’t changing too quickly, and partners like Spotify also need to turn a profit at some point to appease their investors. I don’t know how much more of the music pie labels can keep for themselves, and meanwhile, overall music revenue growth is expected to slow.

How much is Warner Music Group worth?

WMG stocks at 30x forward earnings and 25x EV/EBITDA just doesn’t scream a bargain at me. This is about a 3% return on earnings and 4% on EBITDA from a business that I hope will see mid-single-digit growth in the longer term. I may be underestimating how long streaming platforms are able to sign up more subscribers. Even if that’s the case, however, owning SPOT stock seems like a cleaner way to play the trend than music labels, at least given their current valuations.

I would be more interested in Warner stocks around 20x EBITDA and less than 25x forward earnings. From there, I think investors would do well, even in a base case scenario where EPS is only growing by, say, 6%/yr. And if Warner were to surprise on the upside and sustain double-digit growth for an extended period, investors would be amply rewarded.

My target entry price to buy WMG stock at these multiples is around $31, which is around the current 52-week low for the stock.

Seeking Alpha’s quantitative ratings are also consistent with my neutral view of Warner Music’s outlook:

WMG stock ranks slightly above average in its film and entertainment industry, but sits just around the median relative to its broader industry and the broader market.

That seems about right. Warner Music’s valuation is much more reasonable than it was a few months ago. It is appropriate to hold shares at this stage. However, especially with so many stocks in a steep correction right now, Warner would have to drop much more to be in a place where I would like to allocate new capital today.

In Gaines’ new expanded role, his responsibilities will include overseeing marketing and brand development for numerous Capitol CMG artists, while retaining his role and responsibilities as Co-Executive Director of Motown Gospel. Most recently, Gaines oversaw the marketing campaigns for Harry Connick Jr.’s award-winning project. Alone with my faith, and Tori Kelly’s GRAMMY®-winning Gospel album, hiding placeand Tasha Cobbs Leonard acclaimed Royalty: Live at the Ryman.

“I am thrilled to serve our artists, writers and label team in this greater leadership capacity,” remarked Gaines. “It’s an exciting time to blaze new trails for our business, and I’m fortunate to be working with the best in the industry as we continue to impact the world with our music.”

Prior to accepting her role on Motown Gospel, Gaines was an entertainment attorney and artist manager, helping guide the careers of many GRAMMY award-winning and chart-topping artists, including Mary Mary, Natalie Grant, Donald Lawrence, William McDowell and Jonathan McReynolds. . He began his career at Jive Records and Verity Records, before becoming executive assistant to Gospel artist Donnie McClurkin. Gaines graduated from St. John’s University School of Law and was a partner at Carter, Ledyard & Milburn LLP, then launched the entertainment division of Waterford Law Group, PLLC in 2013.

Editor’s Note: February is Black History Month. This story highlights one of Dickson County’s many African-American pioneers and activists during the Civil Rights Movement, one of the most revolutionary periods in American history.

GC Jenkins heard the prisoner sing and was amazed.

It was the early 1950s. Jenkins was the state prison chaplain, the first African-American hired for that position. The Dickson County native had been endorsed for the position by former Tennessee Governor Frank G. Clement, another Dickson-born leader.

Jenkins had already made history. But he was about to make another bold move.

Jenkins approached the singing prisoner while cleaning the offices, according to Jenkins’ daughter, Ruby Perkins, 84.

“My dad stopped him and said, ‘Oh man, what a voice you have,'” Perkins said.

Jenkins, who was also a longtime Clarksville pastor, thought the man didn’t deserve his jail time anyway, Perkins said. Once he discovered that there was a group of inmates that harmonized, the chaplain had an idea.

“That beautiful voice you have. Why don’t you use it while you’re here?” Perkins remembers his dad thinking.

Other prisoners involved in the group included eventual ringleader Johnny Bragg as well as Ed Thurman, William Stewart, Marcell Sanders and John Drue Jr.

Bragg had been sentenced in 1943 to six concurrent terms of 99 years after being convicted of rape, and the other men’s charges included murder or robbery.

But they won the trust of Jenkins and other leaders.

In 1953, the Prisonairs were formed. They toured and sang in various locations and one of their early singles, “Just Walkin’ in the Rain”, written by Bragg and fellow inmate Robert Riley, was among the songs recorded by Sun Studios.

“Household Names”

Jenkins began helping organize engagements in Tennessee. Among the first places — perhaps the first place — the Prisonairs sang was in Charlotte’s historic Promise Land neighborhood.

Serina Gilbert, longtime leader of the Promise Land Heritage Association and area resident, said the music group has become a “household name” for Promise Land families. She still has a signed photo of The Prisonairs.

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Gilbert’s father was close friends with Jenkins while growing up in Promise Land, a community established by former slaves in the late 1800s.

Even when Jenkins’ family moved to Clarksville, they returned regularly for family reunions in the Charlotte area.

“He was one of the most vocal and kind people there,” Gilbert said.

Jenkins, who died in 1983, was likeable and a great communicator. It opened the door to the Prisonairs, which enjoyed growing success in the 1950s.

Bragg, who died in 2004, and The Prisonairs caught the eye of Sun Records founder Sam Phillips, the same man who helped make Elvis famous.

Phillips recorded the inmates singing Just Walkin’ in the Rain, which became a rhythm and blues classic, during a temporary release for inmates.

Also in the studio that day in Memphis was a young Elvis, Bragg said in a 1990 interview with The Tennessean.

“I had a really hard time pronouncing the lyrics to the song,” he said. “Elvis sat down with me and worked with me on my diction.” Elvis also visited Bragg once in prison.

Just Walkin’ in the Rain sold over 50,000 copies for their band. It went on to sell over a million copies for pop star Johnnie Ray.

While The Prisonairs performed in the Clarksville area, Perkins said the band regularly stopped by the Jenkins’ home when she was growing up. His mother was preparing supper for the group.

Bragg and the group regularly visited the Governor’s mansion for entertainment, which caused some controversy. Clement commuted Bragg’s sentence in 1959.

Perkins attributed part of his father’s friendly relationship with Clement and the success of The Prisonairs to the mood of the people of Dickson County at the time.

“In Dickson County, whites and blacks have mixed. They always got along well,” Perkins said. “I think (Clement and Jenkins) got to talking and they had so much in common.”

Pastoral, leadership, ‘I have a dream’

Jenkins began preaching as a young man after graduating from Fisk University. He began preaching in Charlotte and then took over as pastor of his first church in Centerville. After three years in Hickman County, the Jenkins family moved to a church in Fulton, Ky. for a time before taking pastoral duties at a church in Memphis.

Finally, Jenkins moved to Great Ebenezer AME in Clarksville. It was during this time that he was hired as a state prison chaplain.

Jenkins was also an active supporter of the civil rights movement, participating in the March on Washington in 1963, when approximately 250,000 people gathered at the Lincoln Memorial in Washington, D.C. to draw attention to the inequalities of African Americans. That’s when Martin Luther King Jr. gave his “I Have a Dream” speech.

Jenkins was also the first black man elected to the Clarksville-Montgomery County School Board. He was first elected to this position in 1971.

This article originally appeared on Nashville Tennessean: ‘The Prisonairs’ Musicians Guided by Dickson-Born Clarksville Frontman

Universal Music for Brands’ seven wins include four golds, two silvers and one bronze

NEW YORK, January 20, 2022 /PRNewswire/ — Universal Music Group for Brands (UMG for Brands), the global brand partnership division of Universal Music Group, announced that the company has won its first-ever awards from CLIO Global Entertainment, an awards program that recognizes excellence in marketing and communications across film, television, live entertainment and games.

UMG for Brands, Republic Records and Capitol Music Group led a year-long partnership with Team Pokémon Company International and its partners to celebrate the 25th anniversary of the iconic video game and entertainment franchise loved by millions of fans of all ages around the world releasing hit singles, music videos, AR concert, exclusive merchandise and branded content.

The “always on” year of programming has supported the worldwide release of Pokémon 25: The Album, which to date has garnered over 180 million streams and 320 million video views. The efforts of the entire UMG for Brands team, led by Bridget Ferris, Vice President, UMG for Brands, was recently honored with seven CLIO Global Entertainment Awards.

“I couldn’t be prouder of the recognition by the CLIO Global Entertainment Awards for our team’s passionate and innovative work this year on the Pokémon campaign,” said Richard Yaffa, Universal Music Group’s Global Head of Brands. “Our award-winning partnership with Pokémon was just one of many we’ve had over the past year and underscores our strategy of constantly identifying, developing and creating activations that authentically connect brands to their target consumers.”

UMG for Brand award-winning works include:

GOLD
P25 Music (Support – Television/Streaming: Innovation)
P25 Music (Support – Television/Streaming: Partnerships & Collaborations)
25 years of memories | #Pokemon25 (Medium – Gaming: Audio/Visual; Category – Other)
25 years of memories | #Pokemon25 (Medium – Gaming: Audio/Visual Craft; Category – Other)

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SILVER
25 years of memories | #Pokemon25 (Medium – Games: Audio/Visual; Category – Live Action Trailer)
P25 Music (Medium – Games: Integrated Campaign)

BRONZE
P25 Music (Medium – Television/Streaming: Experiential Events)

About Universal Music Group for Brands
Harnessing the power of music and culture to accelerate business, UMG for Brands offers a unique global approach to making brands culturally relevant and brand marketing, with teams in 74 countries. Whether a brand seeks to change perception, reach a new generation, increase sales or build loyalty; UMG for Brands helps define a brand’s authentic voice in culture. The recent CLIO and Cannes Lions awards are testament to the true synergy that can be achieved between culturally relevant artists and brands.

About Universal Music Group
At Universal Music Group, we exist to shape culture through the power of art. UMG is the world leader in music entertainment, with a wide range of businesses active in recorded music, music publishing, merchandising and audiovisual content. Featuring the most comprehensive catalog of recordings and songs across all musical genres, UMG identifies and develops artists and produces and distributes the most critically acclaimed and commercially successful music in the world. Committed to art, innovation and entrepreneurship, UMG fosters the development of services, platforms and business models to expand artistic and business opportunities for our artists and create new experiences for fans. For more information, visit www.universalmusic.com.

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SOURCEUniversal Music Group

Steve Cooper “As a company that thrives at the intersection of pioneering creativity and disruptive technology, we need a unified approach to our innovation and execution on a global scale. It’s also important that we evolve constantly in our use of emerging and best-in-class platforms to strengthen our support for our artists, songwriters and teams, as well as our consumers and partners. Janelle is a world-class leader who comes to us “With deep knowledge and vast experience. With her fresh perspective and technical expertise, she will be a tremendous catalyst for growth as we create our future and lead our industry. I am delighted to welcome Janelle to the WMG family.”

Janelle Curtis said, “I am excited to join WMG at a time of rapid change and tremendous opportunity in the entertainment economy. The explosion of digital business models and data insights forces us to find the right balance between a agile global strategy and sophisticated localized delivery The Warner team has ambitious plans to use transformative technologies to serve art, music and commerce, and I look forward to contributing to the next phase of the exciting evolution and diversification of this company.

Prior to Bank of America, Curtis spent seven years at Goldman Sachs, where she helped lead the digital and business transformation of the operations division, including in her role as senior manager of operations, enterprise architecture and change management. She previously held positions at Citi, Chase and HB Curtis & Associates. Curtis earned a master’s degree in management and information systems from NYU and a Bachelor of Science in Business Administration from the University of Guyana.

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About Warner Music Group
With a heritage spanning more than 200 years, Warner Music Group (WMG) today brings together artists, songwriters and entrepreneurs who are changing the culture of entertainment around the world.

Operating in over 70 countries through a network of affiliates and licensees, WMG’s Recorded Music division includes renowned labels such as 300 Entertainment, Asylum, Atlantic, Big Beat, Canvasback, Elektra, Erato, First Night, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Rhino, Roadrunner, Sire, Spinnin’, Warner Records, Warner Classics and Warner Music Nashville.

the music publishing arm of WMG, Warner Chappell Music, has a catalog of over one million copyrights covering all musical genres, from Great American Songbook standards to the greatest hits of the 21^st century.

Warner Music Group is also home to ADA, the independent artist and label services company, as well as the next-generation artist services division WMX, which includes consumer brands such as Songkick, the live music app; EMP, the e-merchant of goods; UPROXX, the youth culture destination; and HipHopDX, the hip-hop music information site. In addition, WMG counts storytelling powerhouse Warner Music Entertainment and social media content creator IMGN among its many brands.

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Media Contact
James Steven
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SOURCEWarner Music Group Corp.