Warner Music Group Corp. to Conduct Earnings Conference Call on August 4, 2005

NEW YORK, NY, Jul 19, 2005 -- Warner Music Group Corp. (NYSE: WMG) will release its financial results for the quarter ended June 30, 2005 prior to the opening of the NYSE on Thursday, August 4, 2005 and will hold an earnings update conference call that morning at 8:30am EDT.

To access the conference call, please dial 888/810-5901 or 517/308-9009 and ask for the Warner Music Group earnings call. We suggest that you call in 10 minutes prior to the start time. You will be able to replay the conference call up until August 11, 2005 at 11:00pm EDT by dialing 866/435-1327 or 203/369-1023. The call will also be available via webcast on www.wmg.com.

About Warner Music Group

Warner Music Group, with its broad roster of new stars and legendary artists, is one of the world's major music companies. The company is home to a collection of the best-known record labels in the music industry including Atlantic, Bad Boy, Elektra, Lava, Maverick, Nonesuch, Reprise, Rhino, Sire, Warner Bros. and Word. Warner Music International, a leading company in national and international repertoire operates through 37 affiliates and numerous licensees in more than 50 countries. Warner Music Group also includes Warner/Chappell Music, one of the world's leading music publishers, with a catalog of more than one million copyrights worldwide. For more information about Warner Music Group, visit our corporate website at www.wmg.com.