Sea Chime Music S-4/A Registration of securities issued in business combination transactions (amended)

Exhibit 12.1

Warner Music Group Corp.

Computation of Ratio of Earnings to Fixed Charges

	Predecessor															Successor
	Years ended September 30,												From October 1, 2010 through July 19, 2011
(Dollars in Millions)	2007			2008			2009			2010						From July 20, 2011 through September 30, 2011			Three Months Ended  December 31, 2011
Net Loss attributable to WMG Music Group Corp.	$	(21	)	$	(56	)	$	(100	)	$	(143	)	$	(174	)	$	(31	)	$	(26	)
Add: income taxes	$	49		$	49		$	50		$	41		$	27		$	3		$	6
Add: loss from discontinued operations	$	13		$	21								$	—		$	—		$	—
Income (Loss) before Income Taxes	$	41		$	14		$	(50	)	$	(102	)	$	(147	)	$	(28	)	$	(20	)
Add:
Fixed Charges		194			192			208			203			162			65			61
Income as adjusted before income taxes	$	235		$	206		$	158		$	101		$	15		$	37		$	41
Fixed Charges:
Total interest expense	$	182		$	180		$	195		$	190		$	151		$	62		$	57
Portion of rental expense representative of interest *		12			12			13			13			11			3			4
	$	194		$	192		$	208		$	203		$	162		$	65		$	61
Ratio of Earnings to Fixed Charges		1.21			1.07			0.76			0.50			0.09			0.57			0.67

* Estimated at 1/3 of total rent expense