Editing Warner Music Group (section)

===Access Industries and the Blavatnik Era (2011–Present)===

In 2011, [[Access Industries]] — the conglomerate controlled by Ukrainian-American billionaire Len Blavatnik — acquired WMG for approximately $3.3 billion, taking the company private again. Stephen Cooper was appointed CEO and remained the longest-serving CEO in WMG's history, overseeing a decade of digital transition and the company's re-listing on the Nasdaq in June 2020, when WMG raised nearly $2 billion in its IPO at a valuation of $12.75 billion. Under Cooper, WMG became the first major music entertainment company to report streaming as its largest source of recorded music revenue. In 2013, WMG completed its acquisition of [[Parlophone Label Group]] from [[Universal Music Group]], which had been required to divest it following UMG's purchase of [[EMI]]. This brought [[Parlophone]], [[FFRR Records|FFRR]], and associated catalogues including the [[Beatles]]' UK master recordings into the WMG family. In September 2022, Robert Kyncl — formerly Chief Business Officer of [[YouTube]] and before that a senior executive at [[Netflix]] — was named CEO, effective January 1, 2023.