Alliance says going public will "enhance [our] ability to pursue future acquisitions, while also investing in further automation of [our] distribution facilities and upgrading [our] proprietary suite of software"
A 3EE "central hub of expertise" will now be established, said Warner, which will "bring together the deep knowledge and wide experience spanning the 300 and Elektra teams".
Warner Music Group has been particularly active in the Web3 space over the past few months. In January, WMG inked a strategic partnership with virtual gaming world The Sandbox, marking what WMG said was its “first entry into the NFT metaverse realm”. The major has also entered into partnerships with the likes of gaming developer Splinterlands … Continued