SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Tanous William Lloyd (Last) (First) (Middle) C/O WARNER MUSIC GROUP 75 ROCKEFELLER PLAZA (Street) NEW YORK NY 10019 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 05/02/2008	3. Issuer Name and Ticker or Trading Symbol Warner Music Group Corp. [ WMG ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) EVP, Chief Comm Officer	5. If Amendment, Date of Original Filed (Month/Day/Year) 05/12/2008
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option	(1)	03/14/2018	Common stock, par value $0.001 per share	16,500	5.29	D
Stock Option	(2)	09/30/2014	Common Stock, par value $0.001 per share	28,467	6.2	D

Explanation of Responses:

1. Mr Tanous' option has vested or is scheduled to become vested and exercisable in four equal installments on March 15, 2009, 2010, 2011 and 2012.

2. Mr. Tanous' option has vested or is scheduled to be vested and exercisable in four equal installments on October 1, 2005, 2006, 2007 and 2008.

Remarks:

Reporting Person was designated an executive officer of Warner Music Group Corp. on May 2, 2008. On May 12, 2008, the Reporting Person filed a Form 3 signed on behalf of the Reporting Person by another person. This amendment includes the power of attorney establishing the authority of such person to sign the Form as attorney-in-fact, which is being filed as soon as practicable in this amendment as Exhibit 24.1 hereto.

	/s/ Trent N. tappe as attorney-in-fact	05/13/2008
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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