Investor Group Led by Thomas H. Lee Partners, Edgar Bronfman, Jr., Bain Capital and Providence Equity Partners to Purchase Warner Music Group and Create One of the World's Largest Independent Music Companies

Business Wire, Nov 24, 2003

Alongside the artists signed to U.S. labels Warner Bros. Records Inc., Elektra Entertainment Group and The Atlantic Group, WMI distributes and markets repertoire from its own network of 47 affiliates and numerous licensees in more than 70 countries. With a roster of approximately 800 local artists performing in 25 languages, WMI has an ongoing commitment to developing domestic talent aimed at achieving national, regional, or international success.

WMI has three regional offices covering Asia Pacific, Europe and Latin America, and its international operations also include Warner Music Canada, Warner Vision, Warner Strategic Marketing, Warner Classics and new media activities.

Warner Strategic Marketing (U.S.)

Warner Strategic Marketing was developed to promote Warner Music's vast catalog of extraordinary artists in the U.S., as well as to provide support and assistance to the company's frontline labels. The division -- which includes Rhino Entertainment, Warner Special Products, Warner Music Group Soundtracks, and Warner Television Marketing -- also develops new catalog-related business opportunities across Time Warner and with third-party companies.

Warner/Chappell Music

Warner/Chappell Music, WMG's award-winning music publishing company, has a catalog of more than one million copyrights worldwide. These range from standards like "Happy Birthday," "Rhapsody in Blue," "Winter Wonderland," and the collective works of Cole Porter to the contemporary music of Madonna, Radiohead, Sheryl Crow, Nickelback, India.Arie, Michelle Branch, and others. Warner/Chappell is often a first stop for record, film, and television producers; A&R executives; and others who need to acquire song rights. Warner/Chappell Music also includes Warner Bros. Publications, which is one of the largest publishers of printed music in the world. The company prints and distributes a broad selection of sheet music, books and educational materials, folios, personality books, orchestrations and arrangements from the catalogs of Warner/Chappell, Zomba and Universal Music Publishing among others.

WEA Corp.

WEA Corp. was the first major music distribution company in the U.S. and has continued to set the standard for sales and marketing in the music industry for more than thirty years. In addition to the Warner Bros., Elektra and Atlantic labels, WEA distributes audio, video and DVD releases from Rhino Entertainment, Word Entertainment, Time-Life Music, Warner Music Latina, and Curb Records and Palm Pictures, as well as several other labels.

Alternative Distribution Alliance

ADA was started in 1993 to focus on the independent music market, where some of the biggest music acts have always built their initial followings. Today the Alternative Distribution Alliance is recognized as the leading distributor of independent record labels, handling labels such as SubPop, Matador, Tommy Boy, Comedy Central, Touch and Go, Beggars Music Group, Palm Pictures, Saddle Creek, Side One/Dummy, and Bloodshot.

About Time Warner Inc.