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Warner Music's Stock Offering Previews a Hot New Sound for Industry: Cha-ching!?

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With Goldman Sachs predicting recorded-music revenue will reach $75 billion in 2030, investors want in. On June 3, Warner Music Group went public in the year's biggest stock offering, and its share price rose 39% over the next two days.

The company itself didn't raise any money — the shares were sold by Len Blavatnik's conglomerate, Access Industries — but it's now worth $18.3 billion based on its $31.05 per share closing price on June 10.

After selling $1.86 billion in stock and adding dividends and management fees, Access has taken out $3.34 billion from Warner — slightly more than the $3.3 billion Blavatnik bought the company for in 2011.

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India
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