Guy Moot and Carianne Marshall have been running Warner Chappell Music together since April 1, 2019.
From then to now, the duo – with Moot as CEO and co-chair and Marshall as COO and co-chair – has led a company that has seen quarterly revenue grow by more than 10% 90%.
In the second quarter of 2019 – Moot and Marshall’s first quarter in charge – WCM generated $147 million; in the second calendar quarter of 2023, their last quarter, the corresponding number was almost twice as large (+92.5%) at $283 million (see below).
So perhaps it’s no surprise to learn that Warner Music Group’s board has decided to stick with Moot and Marshall for quite some time.
Over a SEC filing On Friday (September 15), WMG confirmed that Moot and Marshall have entered into new employment contracts with the company, extending the terms of their respective employment until March 31, 2028.
Robert Kyncl, CEO of Warner Music Group, told MBW today (September 18): “Over the last four and a half years, Carianne and Guy have proven themselves not only as outstanding operators of Warner Chappell, but also as invaluable leaders across Warner -Area proven.” music group.
“They are a prime example of what a strong partnership looks like as they relentlessly and methodically pursue long-term growth on behalf of songwriters around the world.”
“Carinne and Guy are a prime example of what a strong partnership looks like in their tireless and methodical pursuit of long-term growth on behalf of songwriters everywhere.”
Robert Kyncl, Warner Music Group
Songwriters acquired or re-signed by Warner Chappell Music, with Moot and Marshall at the helm of the company, include Cardi B, Imagine Dragons, Sam Smith, Frank Ocean, Lizzo, Anderson.Paak and the Pop Smoke family.
In the last full fiscal year (ending September 2022), the publishing operations of Warner Music Group – also known as Warner Chappell – generated revenue $958 million.
In the first nine months of the current financial year (i.e. the 9M to the end of June 2023), Warner Chappell generated earnings 790 million dollarsaccordingly WMG tax returns.
It is therefore very likely that Warner will surpass Chappell 1 billion dollars This financial year saw an increase in annual sales for the first time in its history.
The new employment agreements with WMG increase Moot and Marshall’s base salaries by 25% (for Moot to $2.1875 million per year; for Marshall to $1.5625 million per year).
Additionally, the duo will see an increase in annual discretionary bonus targets (from $1.75 million to $2.1875 million each for Moot and Marshall).
Beginning with Warner Music Group’s fiscal year 2024 on October 1, the new agreements also provide for discretionary annual long-term incentive awards with a target value of $1.5 million each for Moot and Marshall on the grant date.
Before joining Warner Chappell in April 2019, Guy Moot spent 30 years at the company, now called Sony Music Publishing, rising to become President, Worldwide Creative & UK Managing Director.
Carianne Marshall joined Warner Chappell as COO in 2018, having previously served as Partner, Head of Creative Services and Head of Creative Licensing at independent music publisher SONGS.
SONGS was sold to Kobalt Music Group in 2017 for a nine-figure sum.Music business worldwide
https://www.musicbusinessworldwide.com/warner-chappell-revenues-93-guy-moot-and-carianne-marshall/ After Warner Chappell’s revenues rose 93%, Guy Moot and Carianne Marshall inked new five-year deals to run the publishing company