Sea Chime Music S-4 Registration of securities issued in business combination transactions

Exhibit 12.1

WMG Music Group Corp.

Computation of Ratio of Earnings to Fixed Charges

	Historical																	12 Months Ended			Predecessor			Successor
	Years ended September 30,														Nine Months Ended						From October 1, 2010 through July 19, 2011			From July 20, 2011 through September 30, 2011
(Dollars in Millions)	2006		2007			2008			2009			2010			June 30, 2011			September 30, 2011
Net Loss attributable to WMG Music Group Corp.	$	60	$	(21	)	$	(56	)	$	(100	)	$	(143	)	$	(102	)	$	(205	)		(174	)		(31	)
Add: income taxes	$	47	$	49		$	49		$	50		$	41		$	20		$	30			27			3
Add: loss from discontinued operations	$	—	$	13		$	21											$	—		$	—		$	—
Income (Loss) before Income Taxes	$	107	$	41		$	14		$	(50	)	$	(102	)	$	(82	)	$	(175	)	$	(147	)	$	(28	)
Add:
Fixed Charges		191		194			192			208			203			151			227			162			65
Income as adjusted before income taxes	$	298	$	235		$	206		$	158		$	101		$	69		$	52		$	15		$	37
Fixed Charges:
Total interest expense	$	180	$	182		$	180		$	195		$	190		$	141		$	213			151			62
Portion of rental expense representative of interest*		11		12			12			13			13			10			14			11			3
	$	191	$	194		$	192		$	208		$	203		$	151		$	227		$	162		$	65
Ratio of Earnings to Fixed Charges		1.56		1.21			1.07			0.76			0.50			0.46			0.23			0.09			0.57

* Estimated at 1/3 of total rent expense