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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. __)
WARNER MUSIC GROUP CORP.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $0.001 PER SHARE
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(Title of Class of Securities)
934550104
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(CUSIP Number)
DECEMBER 31, 2005
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(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed.
[_] Rule 13d-1(b)
[_] Rule 13d-1(c)
[X] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the reminder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP No. 934550104 SCHEDULE 13G Page 2 of 15
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1. Name of Reporting Person:
Music Capital Partners, L.P.
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2. Check the Appropriate Box if a Member of a Group:
(a) [X]
(b) [_]
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3. SEC Use Only
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4. Citizenship or Place of Organization:
Cayman Islands
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5. Sole Voting Power: 14,195,929.7501
Number of
Shares ----------------------------------------------------
Beneficially 6. Shared Voting Power: -0-
Owned By
Each ----------------------------------------------------
Reporting 7. Sole Dispositive Power: 14,195,929.7501
Person
With ----------------------------------------------------
8. Shared Dispositive Power: -0-
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9. Aggregate Amount Beneficially Owned by Each Reporting Person:
14,195,929.7501
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10. Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares:
[_]
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9):
9.6%
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12. Type of Reporting Person:
PN
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CUSIP No. 934550104 SCHEDULE 13G Page 3 of 15
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1. Name of Reporting Person:
Music Partners Capital Limited
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2. Check the Appropriate Box if a Member of a Group:
(a) [X]
(b) [_]
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3. SEC Use Only
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4. Citizenship or Place of Organization:
Cayman Islands
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5. Sole Voting Power: 14,195,929.7501
Number of
Shares ----------------------------------------------------
Beneficially 6. Shared Voting Power: -0-
Owned By
Each ----------------------------------------------------
Reporting 7. Sole Dispositive Power: 14,195,929.7501
Person
With ----------------------------------------------------
8. Shared Dispositive Power: -0-
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person:
14,195,929.7501
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10. Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares:
[_]
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9):
9.6%
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12. Type of Reporting Person:
OO
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CUSIP No. 934550104 SCHEDULE 13G Page 4 of 15
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1. Name of Reporting Person:
Music Partners GP, LLC
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2. Check the Appropriate Box if a Member of a Group:
(a) [X]
(b) [_]
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3. SEC Use Only
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4. Citizenship or Place of Organization:
Cayman Islands
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5. Sole Voting Power: 14,195,929.7501
Number of
Shares ----------------------------------------------------
Beneficially 6. Shared Voting Power: -0-
Owned By
Each ----------------------------------------------------
Reporting 7. Sole Dispositive Power: 14,195,929.7501
Person
With ----------------------------------------------------
8. Shared Dispositive Power: -0-
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person:
14,195,929.7501
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10. Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares:
[_]
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9):
9.6%
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12. Type of Reporting Person:
OO
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CUSIP No. 934550104 SCHEDULE 13G Page 5 of 15
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1. Name of Reporting Person:
Lexa-Music Capital, LLC
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2. Check the Appropriate Box if a Member of a Group:
(a) [X]
(b) [_]
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3. SEC Use Only
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4. Citizenship or Place of Organization:
Cayman Islands
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5. Sole Voting Power: 14,195,929.7501
Number of
Shares ----------------------------------------------------
Beneficially 6. Shared Voting Power: -0-
Owned By
Each ----------------------------------------------------
Reporting 7. Sole Dispositive Power: 14,195,929.7501
Person
With ----------------------------------------------------
8. Shared Dispositive Power: -0-
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person:
14,195,929.7501
- --------------------------------------------------------------------------------
10. Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares:
[_]
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9):
9.6%
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12. Type of Reporting Person:
OO
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CUSIP No. 934550104 SCHEDULE 13G Page 6 of 15
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1. Name of Reporting Person:
Edgar Bronfman, Jr.
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2. Check the Appropriate Box if a Member of a Group:
(a) [X]
(b) [B]
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3. SEC Use Only
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4. Citizenship or Place of Organization:
Cayman Islands
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5. Sole Voting Power: 17,480,874.1783
Number of
Shares ----------------------------------------------------
Beneficially 6. Shared Voting Power: -0-
Owned By
Each ----------------------------------------------------
Reporting 7. Sole Dispositive Power: 17,480,874.1783
Person
With ----------------------------------------------------
8. Shared Dispositive Power: -0-
- --------------------------------------------------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person:
17,480,874.1783
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10. Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares:
[_]
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11. Percent of Class Represented by Amount in Row (9):
11.8%
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12. Type of Reporting Person:
IN
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CUSIP No. 934550104 SCHEDULE 13G Page 7 of 15
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Item 1. (a) NAME OF ISSUER
Warner Music Group Corp. (the "Company").
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
75 Rockefeller Plaza
New York, NY 10019
Item 2. (a) NAMES OF PERSONS FILING
This Statement is being filed on behalf of each
of the following persons (collectively, the "Reporting
Persons")
(i) Music Capital Partners, L.P., a Cayman Islands
exempted limited partnership ( "Music Capital");
(ii) Music Partners Capital Limited, a Cayman Islands
exempted company ("Music Partners" and the
general partner of Music Capital);
(iii) Music Partners GP, LLC, a Delaware limited
liability company ("Music Partners GP" and the
sole shareholder of Music Partners);
(iv) Lexa-Music Capital, LLC, a Delaware limited
liability company ("Lexa-Music" and the managing
member of Music Partners GP); and
(v) Mr. Edgar Bronfman, Jr. ("Mr. Bronfman" and
managing member of Lexa-Music).
CUSIP No. 934550104 SCHEDULE 13G Page 8 of 15
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(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE
The address of the principal business offices of (i)
Music Capital, (ii) Music Partners, (iii) Music Partners
GP and (iv) Lexa-Music is 375 Park Avenue, 17th Floor,
New York, NY 10152.
The address of the principal business office of Mr.
Bronfman is 75 Rockefeller Plaza, 30th Floor, New York,
NY 10019.
(c) CITIZENSHIP
(i) Music Capital - a Cayman Islands exempted
limited partnership
(ii) Music Partners - a Cayman Islands exempted
company
(iii) Music Partners GP- a Delaware limited liability
company
(iv) Lexa-Music - a Delaware limited liability
company
(v) Mr. Bronfman - United States
(d) TITLE OF CLASS OF SECURITIES
Common Stock, par value $0.001 per share (the "Common
Stock" or "Shares")
(e) CUSIP NUMBER
934550104
CUSIP No. 934550104 SCHEDULE 13G Page 9 of 15
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Item 3. This statement is not being filed pursuant to either Rule
13d-1(b) or 13d-2(b) or (c).
Item 4. OWNERSHIP.
(a) AMOUNT BENEFICIALLY OWNED:
(i) Each of Music Capital, Music Partners, Music
Partners GP and Lexa-Music may be deemed to
beneficially own an aggregate of 14,195,929.7501
Shares.
(ii) Mr. Bronfman may be deemed to beneficially own
an aggregate of 17,480,874.1783 Shares.
(b) PERCENTAGE OWNED:
Based on calculations made in accordance with Rule
13d-3(d), and there being 148,460,662.724 Shares
outstanding as of this date, (i) each of Music Capital,
Music Partners, Music Partners GP and Lexa-Music may be
deemed to beneficially own approximately 9.6% of the
outstanding Common Stock and (ii) Mr. Bronfman may be
deemed to beneficially own approximately 11.8% of the
outstanding Common Stock.
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) Each of Music Capital, Music Partners, Music
Partners GP and Lexa-Music may be deemed to have
sole power to direct the voting and disposition
of 14,195,929.7501 Shares.
(ii) Mr. Bronfman may be deemed to have sole power to
direct the voting and disposition of
17,480,874.1783 Shares.
Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not applicable.
Item 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not applicable.
Item 7. IDENTIFICATION AND CLASSIFICATION OF SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not applicable.
CUSIP No. 934550104 SCHEDULE 13G Page 10 of 15
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Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Because of the stockholders agreement among Music Capital,
Thomas H. Lee Partners, L.P. and its affiliates ("THL"), Bain
Capital and its affiliates ("Bain Capital") and Providence
Equity Partners, Inc. and its affiliates ("Providence") and
certain other parties, THL, Bain Capital, Providence and Music
Capital are deemed to be a group pursuant to Rule 13d-5(b)(1)
of the Securities Exchange Act of 1934, as amended, with
respect to the voting of the common stock. The aggregate
number of shares of common stock beneficially owned by the
members of the group based on available information is
approximately 107,544,911, which represents approximately 72%
of the outstanding common stock.
See also Item 2.
Item 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
Item 10. CERTIFICATION
Not applicable.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
CUSIP No. 934550104 SCHEDULE 13G Page 11 of 15
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SIGNATURES
After reasonable inquiry and to the best of our knowledge and
belief, the undersigned certify that the information set forth in this statement
is true, complete and correct.
Dated as of January 25, 2006
MUSIC CAPITAL PARTNERS, L.P.
By: Music Partners Capital Limited,
its General Partner
By: /s/ Gary Fuhrman
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Name: Gary Fuhrman
Title: Vice President
MUSIC PARTNERS CAPITAL LIMITED
By: /s/ Gary Fuhrman
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Name: Gary Fuhrman
Title: Vice President
MUSIC PARTNERS GP, LLC
By: /s/ Gary Fuhrman
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Name: Gary Fuhrman
Title: Vice President
CUSIP No. 934550104 SCHEDULE 13G Page 12 of 15
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LEXA MUSIC CAPITAL, LLC
By: /s/ Edgar Bronfman, Jr.
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Name: Edgar Bronfman, Jr.
Title: Managing Member
/s/ Edgar Bronfman, Jr.
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Edgar Bronfman, Jr.
CUSIP No. 934550104 SCHEDULE 13G Page 13 of 15
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EXHIBIT INDEX
Exhibit 1. Joint Filing Agreement as required by Rule 13d-1(k)(1) under
the Securities Exchange Act of 1934, as amended.
CUSIP No. 934550104 SCHEDULE 13G Page 14 of 15
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EXHIBIT 1
JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)(1)
The undersigned acknowledge and agree that the foregoing
statement on Schedule 13G is filed on behalf of each of the undersigned and that
all subsequent amendments to this statement on Schedule 13G shall be filed on
behalf of each of the undersigned without the necessity of filing additional
joint filing statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning him, her or it contained herein, but
shall not be responsible for the completeness and accuracy of the information
concerning the other entities or persons, except to the extent that he, she or
it knows or has reason to believe that such information is inaccurate.
Dated as of January 25, 2006
MUSIC CAPITAL PARTNERS, L.P.
By: Music Partners Capital Limited,
its General Partner
By: /s/ Gary Fuhrman
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Name: Gary Fuhrman
Title: Vice President
MUSIC PARTNERS CAPITAL LIMITED
By: /s/ Gary Fuhrman
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Name: Gary Fuhrman
Title: Vice President
MUSIC PARTNERS GP, LLC
By: /s/ Gary Fuhrman
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Name: Gary Fuhrman
Title: Vice President
CUSIP No. 934550104 SCHEDULE 13G Page 15 of 15
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LEXA MUSIC CAPITAL, LLC
By: /s/ Edgar Bronfman, Jr.
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Name: Edgar Bronfman, Jr.
Title: Managing Member
/s/ Edgar Bronfman, Jr.
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Edgar Bronfman, Jr.