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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
WARNER MUSIC GROUP CORP.
------------------------
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.001 PER SHARE
----------------------------------------
(Title of Class of Securities)
934550104
---------
(CUSIP Number)
December 31, 2005
-----------------
(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 the
disclosures provided in a prior cover page.
The information required in the remainder 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).
- -------- ----------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Providence Equity Partners IV, L.P.
- -------- ----------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) |_|
- -------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------- ----------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------- ----------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF -0-
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
----- ---------------------------------------------------------------------------------------
6 SHARED VOTING POWER
12,863,900
----- ---------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
-0-
----- ---------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
12,863,900
- --------------------------- ----- ---------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,863,900
- -------- ----------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
- -------- ----------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.66%
- -------- ----------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- -------- ----------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 12
- -------- ----------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Providence Equity Operating Partners IV, L.P.
- -------- ----------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) |_|
- -------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------- ----------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------- ----------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF -0-
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
----- ---------------------------------------------------------------------------------------
6 SHARED VOTING POWER
41,491
----- ---------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
-0-
----- ---------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
41,491
- --------------------------- ----- ---------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
41,491
- -------- ----------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
- -------- ----------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than 1.0%
- -------- ----------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- -------- ----------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 12
- -------- ----------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Providence Equity GP IV, L.P.
- -------- ----------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) |_|
- -------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------- ----------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------- ----------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF -0-
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
----- ---------------------------------------------------------------------------------------
6 SHARED VOTING POWER
12,905,391
----- ---------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
-0-
----- ---------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
12,905,391
- --------------------------- ----- ---------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,905,391
- -------- ----------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
- -------- ----------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.69%
- -------- ----------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- -------- ----------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 12
- -------- ----------------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Providence Equity Partners IV L.L.C.
- -------- ----------------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X]
(b) |_|
- -------- ----------------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
- -------- ----------------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- -------- ----------------------------------------------------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF -0-
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
----- ---------------------------------------------------------------------------------------
6 SHARED VOTING POWER
12,905,391
----- ---------------------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
-0-
----- ---------------------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
12,905,391
- --------------------------- ----- ---------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,905,391
- -------- ----------------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[_]
- -------- ----------------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
8.69%
- -------- ----------------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- -------- ----------------------------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 12
ITEM 1 (a). NAME OF ISSUER:
Warner Music Group Corp.
ITEM 1 (b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
75 Rockefeller Plaza
New York, NY 10019
ITEM 2 (a). NAME OF PERSON FILING:
Providence Equity Partners IV, L.P.
Providence Equity Operating Partners IV, L.P.
Providence Equity GP IV, L.P.
Providence Equity Partners IV L.L.C.
ITEM 2 (b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
c/o Providence Equity Partners Inc.
50 Kennedy Plaza
Providence, RI 02903
ITEM 2 (c). CITIZENSHIP:
Providence Equity Partners IV, L.P. - Delaware
Providence Equity Operating Partners IV, L.P. - Delaware
Providence Equity GP IV, L.P. - Delaware
Providence Equity Partners IV L.L.C. - Delaware
ITEM 2 (d). TITLE OF CLASS OF SECURITIES:
Common Stock, par value $0.001 per share
ITEM 2 (e). CUSIP NUMBER:
934550104
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(b), OR 13D-2(b)
OR (c), CHECK WHETHER THE PERSON FILING IS A:
Not Applicable
(a) [_] Broker or dealer registered under Section 15 of the
Exchange Act;
(b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act;
(c) [_] Insurance company as defined in Section 3(a)(19) of the
Exchange Act;
Page 6 of 12
(d) [_] Investment company registered under Section 8 of the
Investment Company Act;
(e) [_] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) [_] An employee benefit plan or endowment fund in accordance
with Rule 13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in accordance
with Rule 13d-1(b)(1)(ii)(G);
(h) [_] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) [_] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
(j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned:
Based on existing relationships between the funds regarding voting
the securities of the Issuer, as described below, the funds are collectively
deemed the beneficial owners of 12,905,391 shares, which constitute 8.69% of the
class of total issued shares.
Providence Equity Partners IV, L.P., a Delaware limited partnership
is the record holder of 12,863,900 shares of the identified class of securities.
Providence Equity Operating Partners IV, L.P., a Delaware limited partnership is
the record holder of 41,491 shares of the identified class of securities
(collectively, the "Providence Funds").
As the sole general partner of each of the Providence Funds,
Providence Equity GP IV, L.P., a Delaware limited partnership may be deemed to
be the beneficial owner of 12,905,391 shares of the identified securities, which
represents approximately 8.69% of the Issuer's outstanding common stock.
As the sole general partner of Providence Equity GP IV, L.P.,
Providence Equity Partners IV L.L.C., a Delaware limited liability company, may
be deemed to be the beneficial owner of the 12,905,391 shares of the identified
securities, which represents approximately 8.69% of the Issuer's outstanding
common stock.
(b) Percent of Class:
See Item 11 of each cover page.
(c) Number of Shares as to which Such Person has:
(i) Sole power to vote or to direct the vote:
See Item 5 of each cover page
(ii) Shared power to vote or to direct the vote:
See Item 6 of each cover page
Page 7 of 12
(iii) Sole power to dispose or to direct the disposition of:
See Item 7 of each cover page
(iv) Shared power to dispose or to direct the disposition of:
See Item 8 of each cover page
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of the
date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check
the following [ ].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not Applicable. See Item 4(a) above.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY
Not Applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Because the stockholders agreement among Music Capital Partners,
L.P., Thomas H. Lee Partners, L.P. ("THL") and Putnam Investment Holdings, LLC
("Putnam"), and their respective affiliates, Bain Capital and its affiliates
("Bain Capital") and Providence Equity Partners, Inc. and its affiliates
("Providence") and certain other parties, THL, Putnam, Bain Capital, Providence
and Music Capital Partners, L.P. 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 107,544,923, 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. This statement on Schedule 13G is not filed
pursuant to Rule 13d-1(b) or Rule 13d-1(c).
Page 8 of 12
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Dated: February 14, 2006. Providence Equity Partners IV, L.P.
By: Providence Equity GP IV, L.P.,
its General Partner
By: /s/ Jonathan M. Nelson
-----------------------------------
Name: Jonathan M. Nelson
Title: Chief Executive Officer
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative other than an executive
officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240.13d-7(b) for other
parties for whom copies are to be sent.
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
Page 9 of 12
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Dated: February 14, 2006. Providence Equity Operating Partners IV, L.P.
By: Providence Equity GP IV, L.P.,
its General Partner
By: /s/ Jonathan M. Nelson
-----------------------------------------
Name: Jonathan M. Nelson
Title: Chief Executive Officer
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative other than an executive
officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240.13d-7(b) for other
parties for whom copies are to be sent.
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
Page 10 of 12
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Dated: February 14, 2006. Providence Equity GP IV, L.P.
By: Providence Equity Partners IV L.L.C.,
its General Partner
By: /s/ Jonathan M. Nelson
-----------------------------------------
Name: Jonathan M. Nelson
Title: Chief Executive Officer
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative other than an executive
officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240.13d-7(b) for other
parties for whom copies are to be sent.
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
Page 11 of 12
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Dated: February 14, 2006. Providence Equity Partners IV L.L.C.
By: /s/ Jonathan M. Nelson
------------------------------------
Name: Jonathan M. Nelson
Title: Chief Executive Officer
The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is signed
on behalf of a person by his authorized representative other than an executive
officer or general partner of the filing person, evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240.13d-7(b) for other
parties for whom copies are to be sent.
ATTENTION: INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE
FEDERAL CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001)
Page 12 of 12