Warner Music (WMG) 10-Q 4 Aug 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jun. 30, 2016	Aug. 04, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Trading Symbol	wmg
Entity Registrant Name	Warner Music Group Corp.
Entity Central Index Key	1,319,161
Current Fiscal Year End Date	--09-30
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		1,055

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Jun. 30, 2016	Sep. 30, 2015
Current assets:
Cash and equivalents	$ 345	$ 246
Accounts receivable, net of allowances of $64 million and $56 million	353	349
Inventories	38	42
Royalty advances expected to be recouped within one year	146	130
Prepaid and other current assets	60	60
Total current assets	942	827
Royalty advances expected to be recouped after one year	219	195
Property, plant and equipment, net	206	220
Goodwill	1,630	1,632
Intangible assets subject to amortization, net	2,269	2,514
Intangible assets not subject to amortization	118	119
Other assets	110	114
Total assets	5,494	5,621
Current liabilities:
Accounts payable	156	173
Accrued royalties	1,164	1,087
Accrued liabilities	269	296
Accrued interest	45	58
Deferred revenue	174	206
Current portion of long-term debt	113	13
Other current liabilities	29	24
Total current liabilities	1,950	1,857
Long-term debt	2,795	2,981
Deferred tax liabilities, net	281	302
Other noncurrent liabilities	236	242
Total liabilities	5,262	5,382
Equity:
Common stock ($0.001 par value; 10,000 shares authorized; 1,055 shares issued and outstanding)	0	0
Additional paid-in capital	1,128	1,128
Accumulated deficit	(711)	(740)
Accumulated other comprehensive loss, net	(199)	(167)
Total Warner Music Group Corp. equity	218	221
Noncontrolling interest	14	18
Total equity	232	239
Total liabilities and equity	$ 5,494	$ 5,621

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Millions	Jun. 30, 2016	Sep. 30, 2015
Statement Of Financial Position [Abstract]
Accounts receivable, allowances	$ 64	$ 56
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	10,000	10,000
Common stock, shares issued	1,055	1,055
Common stock, shares outstanding	1,055	1,055

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Millions		3 Months Ended		9 Months Ended
		Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Revenue		$ 811	$ 710	$ 2,405	$ 2,216
Costs and expenses:
Cost of revenue		(448)	(373)	(1,271)	(1,136)
Selling, general and administrative expenses	[1]	(255)	(251)	(787)	(799)
Amortization expense		(63)	(63)	(188)	(191)
Total costs and expenses		(766)	(687)	(2,246)	(2,126)
Operating income		45	23	159	90
Interest expense, net		(43)	(45)	(131)	(136)
Other (expense) income		(5)	(17)	21	(12)
(Loss) income before income taxes		(3)	(39)	49	(58)
Income tax expense		(4)	(4)	(16)	(7)
Net (loss) income		(7)	(43)	33	(65)
Less: Income attributable to noncontrolling interest		(2)	(1)	(4)	(3)
Net (loss) income attributable to Warner Music Group Corp.		$ (9)	$ (44)	$ 29	$ (68)
[1]	(a) Includes depreciation expense of: $(12) $(14) $(37) $(42)

Consolidated Statements of Ope5

Consolidated Statements of Operations (Unaudited) (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Statement [Abstract]
Depreciation expense	$ (12)	$ (14)	$ (37)	$ (42)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Statement Of Income And Comprehensive Income [Abstract]
Net (loss) income	$ (7)	$ (43)	$ 33	$ (65)
Other comprehensive loss, net of tax:
Foreign currency adjustment	5	41	(31)	(49)
Deferred gains (losses) on derivative financial instruments	1		(1)
Other comprehensive income (loss), net of tax	6	41	(32)	(49)
Total comprehensive (loss) income	(1)	(2)	1	(114)
Less: Income attributable to noncontrolling interest	(2)	(1)	(4)	(3)
Comprehensive loss attributable to Warner Music Group Corp.	$ (3)	$ (3)	$ (3)	$ (117)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions	9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities
Net income (loss)	$ 33	$ (65)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	225	233
Unrealized losses and remeasurement of foreign denominated loans	12	19
Deferred income taxes	(15)	(17)
Loss on extinguishment of debt	4
Net gain on divestitures	(8)
Gain on sale of real estate	(24)
Non-cash interest expense	8	8
Non-cash share-based compensation expense	9
Changes in operating assets and liabilities:
Accounts receivable	(7)	16
Inventories	3	(3)
Royalty advances	(51)	(55)
Accounts payable and accrued liabilities	(47)	(86)
Royalty payables	103	35
Accrued interest	(13)	(12)
Deferred revenue	(35)	39
Other balance sheet changes	10	6
Net cash provided by operating activities	207	118
Cash flows from investing activities
Acquisition of music publishing rights, net	(14)	(12)
Capital expenditures	(31)	(51)
Investments and acquisitions of businesses, net	(23)	(16)
Divestitures, net of cash on hand	27
Proceeds from the sale of real estate	42
Net cash provided by (used in) investing activities	1	(79)
Cash flows from financing activities
Proceeds from the Revolving Credit Facility		258
Repayment of the Revolving Credit Facility		(258)
Repayment of Acquisition Corp. Senior Term Loan Facility	(10)	(10)
Call premiums paid on early redemption of debt	(3)
Distribution to noncontrolling interest holder	(4)	(3)
Repayment of capital lease obligations	(14)	(2)
Net cash used in financing activities	(105)	(15)
Effect of exchange rate changes on cash and equivalents	(4)	(13)
Net increase in cash and equivalents	99	11
Cash and equivalents at beginning of period	246	157
Cash and equivalents at end of period	345	$ 168
13.75% Senior Notes due 2019
Cash flows from financing activities
Repayment of Senior Notes	(50)
6.75% Senior Notes
Cash flows from financing activities
Repayment of Senior Notes	$ (24)

Consolidated Statements of Cas8

Consolidated Statements of Cash Flows (Unaudited) (Parenthetical)	Jun. 30, 2016	Jun. 30, 2015
13.75% Senior Notes due 2019
Interest rate	13.75%	13.75%
6.75% Senior Notes
Interest rate	6.75%	6.75%

Consolidated Statement of Equit

Consolidated Statement of Equity (Unaudited) - 9 months ended Jun. 30, 2016 - USD ($) $ in Millions	Total	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Loss	Total Warner Music Group Corp. Equity	Noncontrolling Interest
Beginning balance at Sep. 30, 2015	$ 239	$ 1,128	$ (740)	$ (167)	$ 221	$ 18
Beginning balance, shares at Sep. 30, 2015	1,055
Net income	$ 33		29		29	4
Other comprehensive loss, net of tax	(32)			(32)	(32)
Disposal of noncontrolling interest related to divestiture	(4)					(4)
Distribution to noncontrolling interest holders	(4)					(4)
Ending balance at Jun. 30, 2016	$ 232	$ 1,128	$ (711)	$ (199)	$ 218	$ 14
Ending balance, shares at Jun. 30, 2016	1,055

Description of Business

Description of Business	9 Months Ended
	Jun. 30, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Description of Business	1. Description of Business Warner Music Group Corp. (the “Company”) was formed on November 21, 2003. The Company is the direct parent of WMG Holdings Corp. (“Holdings”), which is the direct parent of WMG Acquisition Corp. (“Acquisition Corp.”). Acquisition Corp. is one of the world’s major music-based content companies. Acquisition of Warner Music Group by Access Industries Pursuant to an Agreement and Plan of Merger, dated as of May 6, 2011 (the “Merger Agreement”), by and among the Company, AI Entertainment Holdings LLC (formerly Airplanes Music LLC), a Delaware limited liability company (“Parent”) and an affiliate of Access Industries, Inc. (“Access”), and Airplanes Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent (“Merger Sub”), on July 20, 2011 (the “Merger Closing Date”) Merger Sub merged with and into the Company with the Company surviving as a wholly owned subsidiary of Parent (the “Merger”). In connection with the Merger, the Company delisted its common stock from the New York Stock Exchange (“NYSE”). The Company continues to file with the SEC current and periodic reports that would be required to be filed with the SEC pursuant to Section 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) in accordance with certain covenants contained in the agreements governing its outstanding indebtedness. Acquisition of Parlophone Label Group On July 1, 2013, the Company completed its acquisition of Parlophone Label Group (the “PLG Acquisition”). The Company classifies its business interests into two fundamental operations: Recorded Music and Music Publishing. A brief description of these operations is presented below. Recorded Music Operations The Company’s Recorded Music business primarily consists of the discovery and development of artists and the related marketing, distribution and licensing of recorded music produced by such artists. The Company plays an integral role in virtually all aspects of the recorded music value chain from discovering and developing talent to producing albums and promoting artists and their products. In the United States, Recorded Music operations are conducted principally through the Company’s major record labels—Warner Bros. Records and Atlantic Records. The Company’s Recorded Music operations also include Rhino, a division that specializes in marketing the Company’s music catalog through compilations and reissuances of previously released music and video titles. The Company also conducts its Recorded Music operations through a collection of additional record labels, including, Asylum, Big Beat, Canvasback, Eastwest, Elektra, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Warner Classics and Warner Music Nashville. Outside the United States, Recorded Music activities are conducted in more than 50 countries through various subsidiaries, affiliates and non-affiliated licensees. Internationally, the Company engages in the same activities as in the United States: discovering and signing artists and distributing, marketing and selling their recorded music. In most cases, the Company also markets and distributes the records of those artists for whom the Company’s domestic record labels have international rights. In certain smaller markets, the Company licenses the right to distribute the Company’s records to non-affiliated third-party record labels. The Company’s international artist services operations include a network of concert promoters through which it provides resources to coordinate tours for the Company’s artists and other artists as well as management companies that guide artists with respect to their careers. The Company’s Recorded Music distribution operations include Warner-Elektra-Atlantic Corporation (“WEA Corp.”), which markets and sells music and video products to retailers and wholesale distributors; Alternative Distribution Alliance (“ADA”), which distributes the products of independent labels to retail and wholesale distributors; and various distribution centers and ventures operated internationally. In addition to the Company’s Recorded Music products being sold in physical retail outlets, Recorded Music products are also sold in physical form to online physical retailers such as Amazon.com, barnesandnoble.com and bestbuy.com and in digital form to online digital download services such as Apple’s iTunes and Google Play, and are offered by digital streaming services such as Apple Music, Deezer, Napster, Spotify and YouTube, including digital radio services such as iHeart Radio, Pandora and Sirius XM. The Company has integrated the exploitation of digital content into all aspects of its business, including artist and repertoire (“A&R”), marketing, promotion and distribution. The Company’s business development executives work closely with A&R departments to ensure that while a record is being produced, digital assets are also created with all distribution channels in mind, including streaming services, social networking sites, online portals and music-centered destinations. The Company also works side by side with its online and mobile partners to test new concepts. The Company believes existing and new digital businesses will be a significant source of growth and will provide new opportunities to successfully monetize its assets and create new revenue streams. The proportion of digital revenues attributed to each distribution channel varies by region and proportions may change as the roll out of new technologies continues. As an owner of music content, the Company believes it is well positioned to take advantage of growth in digital distribution and emerging technologies to maximize the value of its assets. The Company has diversified its revenues beyond its traditional businesses by entering into expanded-rights deals with recording artists in order to partner with artists in other aspects of their careers. Under these agreements, the Company provides services to and participates in artists’ activities outside the traditional recorded music business such as touring, merchandising and sponsorships. The Company has built artist services capabilities and platforms for exploiting this broader set of music-related rights and participating more widely in the monetization of the artist brands it helps create. The Company believes that entering into expanded-rights deals and enhancing its artist services capabilities in areas such as concert promotion and management have permitted it to diversify revenue streams and capitalize on other revenue opportunities. This provides for improved long-term relationships with artists and allows the Company to more effectively connect artists and fans. Music Publishing Operations While recorded music is focused on exploiting a particular recording of a composition, music publishing is an intellectual property business focused on the exploitation of the composition itself. In return for promoting, placing, marketing and administering the creative output of a songwriter, or engaging in those activities for other rightsholders, the Company’s Music Publishing business garners a share of the revenues generated from use of the composition. The Company’s Music Publishing operations are conducted principally through Warner/Chappell, its global Music Publishing company, headquartered in Los Angeles with operations in over 50 countries through various subsidiaries, affiliates and non-affiliated licensees. The Company owns or controls rights to more than one million musical compositions, including numerous pop hits, American standards, folk songs and motion picture and theatrical compositions. Assembled over decades, its award-winning catalog includes over 65,000 songwriters and composers and a diverse range of genres including pop, rock, jazz, classical, country, R&B, hip-hop, rap, reggae, Latin, folk, blues, symphonic, soul, Broadway, techno, alternative, gospel and other Christian music. Warner/Chappell also administers the music and soundtracks of several third-party television and film producers and studios, including Lucasfilm, Ltd., Hallmark Entertainment and Disney Music Publishing. The Company has an extensive production music library collectively branded as Warner/Chappell Production Music.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Interim Financial Statements The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three and nine month period ended June 30, 2016 are not necessarily indicative of the results that may be expected for the fiscal year ending September 30, 2016. The consolidated balance sheet at September 30, 2015 has been derived from the audited consolidated financial statements at that date but does not include all of the information and notes required by U.S. GAAP for complete financial statements. For further information, refer to the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended September 30, 2015 (File No. 001-32502). Basis of Consolidation The accompanying financial statements present the consolidated accounts of all entities in which the Company has a controlling voting interest and/or variable interest required to be consolidated in accordance with U.S. GAAP. All intercompany balances and transactions have been eliminated. Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 810, Consolidation (“ASC 810”) requires the Company first evaluate its investments to determine if any investments qualify as a variable interest entity (“VIE”). A VIE is consolidated if the Company is deemed to be the primary beneficiary of the VIE, which is the party involved with the VIE that has both (i) the power to control the most significant activities of the VIE and (ii) either the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. If an entity is not deemed to be a VIE, the Company consolidates the entity if the Company has a controlling voting interest. The Company maintains a 52-53 week fiscal year ending on the last Friday in each reporting period. As such, all references to June 30, 2016 and June 30, 2015 relate to the periods ended June 24, 2016 and June 26, 2015, respectively. For convenience purposes, the Company continues to date its financial statements as of June 30. The fiscal year ended September 30, 2015 ended on September 25, 2015. For convenience purposes, the Company continues to date its balance sheet as of September 30. The Company has performed a review of all subsequent events through the date the financial statements were issued, and has determined that no additional disclosures are necessary. Income Taxes At the end of each interim period, the Company makes its best estimate of the effective tax rate expected to be applicable for the full fiscal year and uses that rate to provide for income taxes on a current year-to-date basis before discrete items. If a reliable estimate of the annual effective tax rate cannot be made, which could be caused by the significant variability in rates when marginal earnings are expected for the year, a discrete tax rate is calculated for the period. New Accounting Pronouncements During the first quarter of fiscal 2016, the Company adopted ASU 2015-17, Balance Sheet Classification of Deferred Taxes (“ASU 2015-17”). ASU 2015-17 requires that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The Company has elected to adopt this standard retrospectively, and thus the reclassification of prior period balances has been made. The application of ASU 2015-17 to the Company’s September 30, 2015 Consolidated Balance Sheets resulted in a decrease to current deferred tax assets of $52 million, an increase to non-current deferred tax assets of $2 million, and a decrease to non-current deferred tax liabilities of $50 million. In May 2014, the FASB issued guidance codified in ASC 606, Revenue Recognition – Revenue from Contracts with Customers (“ASC 606”), which replaces the guidance in former ASC 605, Revenue Recognition and ASC 928, Entertainment – Music. The amendment was the result of a joint effort by the FASB and the International Accounting Standards Board to improve financial reporting by creating common revenue recognition guidance for U.S. GAAP and international financial reporting standards ("IFRS"). The joint project clarifies the principles for recognizing revenue and develops a common revenue standard for U.S. GAAP and IFRS. ASC 606 is effective for annual periods beginning after December 15, 2017, and interim periods within those years. Early application is not permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. The update may be applied using one of two methods: retrospective application to each prior reporting period presented, or retrospective application with the cumulative effect of initially applying the update recognized at the date of initial application. The Company is currently evaluating the transition method that will be elected and the impact of the update on its financial statements and disclosures. In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”). This ASU will explicitly require management to assess an entity’s ability to continue as a going concern, and to provide related disclosure when substantial doubt exists. ASU 2014-15 will be effective in the first annual period ending after December 15, 2016, and interim periods thereafter. Earlier adoption is permitted. The adoption of this standard is not expected to have a significant impact on the Company’s financial statements, other than disclosure. In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs (“ASU 2015-03”). This ASU will require that debt issuance costs are presented as a direct deduction to the related debt in the liability section of the balance sheet, rather than presented as an asset. ASU 2015-03 will be effective for annual periods beginning after December 15, 2015, and interim periods within those years. Earlier adoption is permitted. The adoption of this standard is not expected to have a significant impact on the Company’s financial statements, other than presentation. In January 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”). This ASU will require that equity investments are measured at fair value with changes in fair value recognized in net income. The Company may elect to measure equity investments that do not have a readily determinable fair value at cost minus impairment, if any, plus or minus changes resulting from observable price. ASU 2016-01 will be effective for annual periods beginning after December 15, 2017, and interim periods within those years. Earlier adoption is permitted. The adoption of this standard is not expected to have a significant impact on the Company’s financial statements, other than disclosure. In February 2016, the FASB issued ASU 2016-02, Leases (“ASU 2016-02”). This ASU establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the statement of operations. ASU 2016-02 will be effective for annual periods after December 15, 2018, and interim periods within those years. Earlier adoption is permitted. The adoption of this standard is not expected to have a significant impact on the Company’s financial statements, other than presentation. In March 2016, the FASB issued ASU 2016-05, Derivatives and Hedging: Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships (“ASU 2016-05”) and ASU 2016-06, Derivatives and Hedging: Contingent Put and Call Options in Debt Instruments (“ASU 2016-06”). ASU 2016-05 clarifies that a change in the counterparty to a derivative instrument that has been designated as a hedging instrument does not, in and of itself, require dedesignation of that hedging relationship provided that all other hedge accounting criteria continue to be met. ASU 2016-06 clarifies the steps required to determine bifurcation of an embedded derivative. ASU 2016- 05 and ASU 2016-06 are effective for annual periods after December 15, 2016, and interim periods within those years. Early adoption is permitted. The guidance may be adopted prospectively or by a modified retrospective approach. The adoption of this standard is not expected to have a significant impact on the Company’s financial statements. In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation ("ASU 2016-09"). This ASU provides amended guidance which simplifies the accounting for share-based payment transactions involving multiple aspects of the accounting for share-based transactions, including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. ASU 2016-09 is effective for annual periods after December 15, 2016, and interim periods within those years. Early adoption is permitted. The Company is evaluating the impact of the future adoption of this standard on its financial statements and disclosures.

Comprehensive Loss

Comprehensive Loss	9 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Comprehensive Loss	3. Comprehensive Loss Comprehensive loss, which is reported in the accompanying consolidated statements of equity, consists of net income (loss) and other gains and losses affecting equity that, under U.S. GAAP, are excluded from net income (loss). For the Company, the components of other comprehensive loss primarily consist of foreign currency translation losses and minimum pension liabilities. The following summary sets forth the changes in the components of accumulated other comprehensive loss, net of related taxes: Foreign Minimum Deferred Losses Accumulated Currency Pension On Derivative Other Translation Liability Financial Comprehensive Loss (a) Adjustment Instruments Loss, net (in millions) Balance at September 30, 2015 $ (157 ) $ (10 ) $ — $ (167 ) Other comprehensive loss (31 ) — (1 ) (32 ) Amounts reclassified from accumulated other comprehensive income — — — — Balance at June 30, 2016 $ (188 ) $ (10 ) $ (1 ) $ (199 ) (a) Foreign currency translation adjustments include intra-entity foreign currency transactions that are of a long-term investment nature of $73.2 million.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Jun. 30, 2016
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	4. Goodwill and Intangible Assets Goodwill The following analysis details the changes in goodwill for each reportable segment: Recorded Music Music Publishing Total (in millions) Balance at September 30, 2015 $ 1,168 $ 464 $ 1,632 Acquisitions 10 — 10 Divestitures (7 ) — (7 ) Other adjustments (a) (5 ) — (5 ) Balance at June 30, 2016 $ 1,166 $ 464 $ 1,630 (a) Other adjustments during the nine months ended June 30, 2016 represent foreign currency movements. The Company performs its annual goodwill impairment test in accordance with FASB ASC Topic 350, Intangibles—Goodwill and other (“ASC 350”) during the fourth quarter of each fiscal year as of July 1. The Company may conduct an earlier review if events or circumstances occur that would suggest the carrying value of the Company’s goodwill may not be recoverable. No indicators of impairment were identified during the current period that required the Company to perform an interim assessment or recoverability test. Intangible Assets Intangible assets consist of the following: Weighted Average June 30, September 30, Useful Life 2016 2015 (in millions) Intangible assets subject to amortization: Recorded music catalog 10 years $ 950 $ 992 Music publishing copyrights 27 years 1,486 1,497 Artist and songwriter contracts 13 years 901 926 Trademarks 7 years 7 7 Other intangible assets 7 years 4 — Total gross intangible asset subject to amortization 3,348 3,422 Accumulated amortization (1,079 ) (908 ) Total net intangible assets subject to amortization 2,269 2,514 Intangible assets not subject to amortization: Trademarks and tradenames Indefinite 118 119 Total net intangible assets $ 2,387 $ 2,633

Debt

Debt	9 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Debt	5. Debt Debt Capitalization Long-term debt, including the current portion, consists of the following: June 30, September 30, 2016 2015 (in millions) Revolving Credit Facility—Acquisition Corp. (a) $ — $ — Senior Term Loan Facility due 2020—Acquisition Corp. (b) 1,273 1,282 5.625% Senior Secured Notes due 2022—Acquisition Corp. 275 275 6.00% Senior Secured Notes due 2021—Acquisition Corp. 450 450 6.25% Senior Secured Notes due 2021—Acquisition Corp. (c) 175 177 6.75% Senior Notes due 2022—Acquisition Corp. 635 660 13.75% Senior Notes due 2019—Holdings (d) 100 150 Total debt 2,908 2,994 Less: current portion 113 13 Total long-term debt $ 2,795 $ 2,981 (a) Reflects $150 million of commitments under the Revolving Credit Facility, less letters of credit outstanding of approximately $5 million at both June 30, 2016 and September 30, 2015. There were no loans outstanding under the Revolving Credit Facility at June 30, 2016 or September 30, 2015. (b) Principal amount of $1.277 billion and $1.287 billion less unamortized discount of $4 million and $5 million at June 30, 2016 and September 30, 2015, respectively. Of this amount, $13 million, representing the scheduled amortization of the Senior Term Loan Facility, was included in the current portion of long-term debt at June 30, 2016 and September 30, 2015. (c) Face amount of €158 million. Above amounts represent the dollar equivalent of such notes at June 30, 2016 and September 30, 2015. (d) These notes were redeemed on July 1, 2016. Of this amount, $100 million was included in the current portion of long-term debt at June 30, 2016. Please see “Recent Developments” in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section for further discussion. Debt Redemptions and Prepayments On February 16, 2016, Holdings redeemed $50 million of its $150 million outstanding 13.75% Senior Notes due 2019. The Company recorded a loss on extinguishment of debt of approximately $5 million, which represents the premium paid on early redemption and unamortized deferred financing costs. On July 1, 2016, Holdings redeemed the remaining $100 million of its outstanding 13.75% Senior Notes due 2019. The Company expects to record a loss on extinguishment of debt of approximately $10 million in the fourth quarter of fiscal 2016 as a result of this debt redemption, which represents the premium paid on early redemption and unamortized deferred financing costs. Refer to Note 12, Subsequent Events. On July 27, 2016, Acquisition Corp. prepaid $295.5 million of its outstanding Senior Term Loan Facility due 2020. The Company expects to record an immaterial loss in the fourth quarter of fiscal 2016 as a result of this prepayment. Refer to Note 12, Subsequent Events. Open Market Purchases On March 11, 2016, Acquisition Corp. purchased, in the open market, approximately $25 million of its $660 million outstanding 6.75% Senior Notes due 2022. The acquired notes were subsequently retired. Following retirement of the acquired notes, approximately $635 million of the 6.75% Senior Notes due 2022 remain outstanding. Notes Offering On July 27, 2016, Acquisition Corp. issued $300 million in aggregate principal amount of its 5.00% Senior Secured Notes due 2023 (the “Notes Offering”). Acquisition Corp. used the net proceeds for the prepayment of $295.5 million of its outstanding Senior Term Loan Facility due 2020. Refer to Note 12, Subsequent Events. Interest Rates The loans under the Revolving Credit Facility bear interest at Acquisition Corp.’s election at a rate equal to (i) the rate for deposits in the borrowing currency in the London interbank market (adjusted for maximum reserves) for the applicable interest period (“Revolving LIBOR”), plus 2.00% per annum, or (ii) the base rate, which is the highest of (x) the corporate base rate established by the administrative agent from time to time, (y) 0.50% in excess of the overnight federal funds rate and (z) the one-month Revolving LIBOR plus 1.0% per annum, plus, in each case, 1.00% per annum. If there is a payment default at any time, then the interest rate applicable to overdue principal will be the rate otherwise applicable to such loan plus 2.0% per annum. Default interest will also be payable on other overdue amounts at a rate of 2.0% per annum above the amount that would apply to an alternative base rate loan. The loans under the Senior Term Loan Facility bear interest at Acquisition Corp.’s election at a rate equal to (i) the rate for deposits in U.S. dollars in the London interbank market (adjusted for maximum reserves) for the applicable interest period (“Term Loan LIBOR”), plus 2.75% per annum, or (ii) the base rate, which is the highest of (x) the corporate base rate established by the administrative agent as its prime rate in effect at its principal office in New York City from time to time, (y) 0.50% in excess of the overnight federal funds rate and (z) one-month Term Loan LIBOR, plus 1.00% per annum, plus, in each case, 1.75% per annum. The loans under the Senior Term Loan Facility are subject to a Term Loan LIBOR “floor” of 1.00%. If there is a payment default at any time, then the interest rate applicable to overdue principal and interest will be the rate otherwise applicable to such loan plus 2.0% per annum. Default interest will also be payable on other overdue amounts at a rate of 2.0% per annum above the amount that would apply to an alternative base rate loan. Amortization and Maturity of Senior Term Loan Facility The loans under the Senior Term Loan Facility amortize in equal quarterly installments due December, March, June and September in aggregate annual amounts equal to 1.00% of the original principal amount of the amended Senior Term Loan Facility, or $13 million per year, with the balance payable on maturity date of the Term Loans. The loans outstanding under the Senior Term Loan Facility mature on July 1, 2020. Maturity of Revolving Credit Facility The maturity date of the Revolving Credit Facility is April 1, 2021, provided that in the event that more than $400.0 million aggregate principal amount of term loans under the Senior Term Loan Facility and the Senior Secured Notes due 2021 are outstanding on March 2, 2020, the maturity date shall be April, 1 2020. Maturities of Senior Notes and Senior Secured Notes As of June 30, 2016, there are no scheduled maturities of notes until 2019, when $100 million is scheduled to mature. This was redeemed on July 1, 2016. Thereafter, $625 million is scheduled to mature in 2021 and $910 million is scheduled to mature in 2022. Interest Expense, net Total interest expense, net, was $43 million and $45 million for the three months ended June 30, 2016 and June 30, 2015, respectively. Total interest expense, net, was $131 million and $136 million for the nine months ended June 30, 2016 and June 30, 2015, respectively. The weighted-average interest rate of the Company’s total debt was 5.4% at June 30, 2016 and 5.6% at September 30, 2015 and June 30, 2015.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Jun. 30, 2016
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	6. Commitments and Contingencies Pricing of Digital Music Downloads On December 20, 2005 and February 3, 2006, the Attorney General of the State of New York served the Company with requests for information in connection with an industry-wide investigation as to the pricing of digital music downloads. On February 28, 2006, the Antitrust Division of the U.S. Department of Justice served us with a Civil Investigative Demand, also seeking information relating to the pricing of digitally downloaded music. Both investigations were ultimately closed, but subsequent to the announcements of the investigations, more than thirty putative class action lawsuits were filed concerning the pricing of digital music downloads. The lawsuits were consolidated in the Southern District of New York. The consolidated amended complaint, filed on April 13, 2007, alleges conspiracy among record companies to delay the release of their content for digital distribution, inflate their pricing of CDs and fix prices for digital downloads. The complaint seeks unspecified compensatory, statutory and treble damages. On October 9, 2008, the District Court issued an order dismissing the case as to all defendants, including us. However, on January 12, 2010, the Second Circuit vacated the judgment of the District Court and remanded the case for further proceedings and on January 10, 2011, the U.S. Supreme Court denied the defendants’ petition for Certiorari. Upon remand to the District Court, all defendants, including the Company, filed a renewed motion to dismiss challenging, among other things, plaintiffs’ state law claims and standing to bring certain claims. The renewed motion was based mainly on arguments made in defendants’ original motion to dismiss, but not addressed by the District Court. On July 18, 2011, the District Court granted defendants’ motion in part, and denied it in part. Notably, all claims on behalf of the CD-purchaser class were dismissed with prejudice. However, a wide variety of state and federal claims remain for the class of Internet download purchasers. Plaintiffs filed an operative consolidated amended complaint on August 31, 2011. The Company filed its answer to the fourth amended complaint on October 9, 2015. Plaintiffs filed an amended Class Certification brief on October 12, 2015. The Company filed amended answers to the fourth amended complaint on November 3, 2015. A mediation took place on February 22, 2016 but the parties were unable to reach a resolution. The Company intends to defend against these lawsuits vigorously, but is unable to predict the outcome of these suits. Regardless of the merits of the claims, this and any related litigation could continue to be costly, and divert the time and resources of management. The potential outcomes of these claims that are reasonably possible cannot be determined at this time and an estimate of the reasonably possible loss or range of loss cannot presently be made. Defendants filed their Opposition to Plaintiffs’ Motion for Class Certification on June 13, 2016. Plaintiffs’ reply brief in support of their motion for Class Certification is due on November 6, 2016. Other Matters In addition to the matter discussed above, the Company is involved in various litigation and regulatory proceedings arising in the normal course of business. Where it is determined, in consultation with counsel based on litigation and settlement risks, that a loss is probable and estimable in a given matter, the Company establishes an accrual. In the currently pending proceedings, the amount of accrual is not material. An estimate of the reasonably possible loss or range of loss in excess of the amounts already accrued cannot be made at this time due to various factors typical in contested proceedings, including (1) the results of ongoing discovery; (2) uncertain damage theories and demands; (3) a less than complete factual record; (4) uncertainty concerning legal theories and their resolution by courts or regulators; and (5) the unpredictable nature of the opposing party and its demands. However, the Company cannot predict with certainty the outcome of any litigation or the potential for future litigation. As such, the Company continuously monitors these proceedings as they develop and adjusts any accrual or disclosure as needed. Regardless of the outcome, litigation could have an adverse impact on the Company, including the Company’s brand value, because of defense costs, diversion of management resources and other factors and it could have a material effect on the Company’s results of operations for a given reporting period.

Income Taxes

Income Taxes	9 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	7. Income Taxes For the three and nine months ended June 30, 2016, the Company recorded income tax expense of $4 million and $16 million, respectively. The tax expense for the three months ended June 30, 2016 is higher than the expected tax expense at the statutory tax rate of 35% primarily due to income withholding taxes and foreign losses with no tax benefit and an increase in uncertain tax positions. The effective tax rate for the nine months ended June 30, 2016 is lower than the expected tax expense at the statutory tax rate of 35% primarily due to a $10 million benefit for changes in statutory tax rates in foreign jurisdictions and reduction in valuation allowance, partially offset by income withholding taxes, foreign losses with no tax benefit and an increase in uncertain tax positions. For the three and nine months ended June 30, 2015, the Company recorded an income tax expense of $4 million and $7 million, respectively. The tax expense for the three months and nine months ended June 30, 2015 is higher than the expected tax expense at the statutory tax rate of 35% primarily due to income withholding taxes, foreign losses with no tax benefit and an increase in uncertain tax positions. The Company has determined that it is reasonably possible that its existing reserve for uncertain tax positions as of June 30, 2016 could decrease by approximately $9 million to $23 million primarily due to various ongoing audits and settlement discussions in various foreign jurisdictions.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
	Jun. 30, 2016
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments	8. Derivative Financial Instruments The Company uses derivative financial instruments, primarily foreign currency forward exchange contracts, for the purpose of managing foreign currency exchange risk by reducing the effects of fluctuations in foreign currency exchange rates. The Company enters into foreign currency forward exchange contracts primarily to hedge the risk that unremitted or future royalties and license fees owed to its domestic companies for the sale, or anticipated sale, of U.S.-copyrighted products abroad may be adversely affected by changes in foreign currency exchange rates. The Company focuses on managing the level of exposure to the risk of foreign currency exchange rate fluctuations on its major currencies, which include the Euro, British pound sterling, Japanese yen, Canadian dollar, Swedish krona and Australian dollar. The foreign currency forward exchange contracts related to royalties are designated and qualify as cash flow hedges under the criteria prescribed in ASC 815. The Company records these contracts at fair value on its balance sheet and gains or losses on these contracts are deferred in equity (as a component of comprehensive loss). These deferred gains and losses are recognized in income in the period in which the related royalties and license fees being hedged are received and recognized in income. However, to the extent that any of these contracts are not considered to be perfectly effective in offsetting the change in the value of the royalties and license fees being hedged, any changes in fair value relating to the ineffective portion of these contracts are immediately recognized in the statement of operations. The Company may at times choose to hedge foreign currency risk associated with financing transactions such as third-party debt and other balance sheet items. The foreign currency forward exchange contracts related to balance sheet items denominated in foreign currency are reviewed on a contract-by-contract basis and are designated accordingly. If these foreign currency forward exchange contracts do not qualify for hedge accounting, then the Company records these contracts at fair value on its balance sheet and the related gains and losses are immediately recognized in the statement of operations where there is an equal and offsetting entry related to the underlying exposure. The fair value of foreign currency forward exchange contracts is determined by using observable market transactions of spot and forward rates (i.e., Level 2 inputs) which is discussed further in Note 11. Additionally, netting provisions are provided for in existing International Swap and Derivative Association Inc. agreements in situations where the Company executes multiple contracts with the same counterparty. As a result, net assets or liabilities resulting from foreign exchange derivatives subject to these netting agreements are classified within other current assets or other current liabilities in the Company’s consolidated balance sheets. The Company monitors its positions with, and the credit quality of, the financial institutions that are party to any of its financial transactions. As of June 30, 2016, the Company had outstanding hedge contracts for the sale of $94 million and the purchase of $50 million of foreign currencies at fixed rates that will be settled by September 2016. As of June 30, 2016, the Company had $1 million of deferred losses in comprehensive loss related to foreign exchange hedging. As of September 30, 2015, the Company had no outstanding hedge contracts and no deferred gains or losses in comprehensive loss related to foreign exchange hedging. The following is a summary of amounts recorded in the Consolidated Balance Sheet pertaining to the Company’s use of foreign currency derivatives at June 30, 2016 and September 30, 2015: June 30, September 30, 2016 (a) 2015 (b) (in millions) Other current assets $ — $ — Other current liabilities (2 ) — (a) Includes $3 million and $5 million of foreign exchange derivative contracts in asset and liability positions, respectively. (b) Includes no foreign exchange derivative contracts in asset and liability positions.

Segment Information

Segment Information	9 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Segment Information	9. Segment Information As discussed more fully in Note 1, based on the nature of its products and services, the Company classifies its business interests into two fundamental operations: Recorded Music and Music Publishing, which also represent reportable segments of the Company. Information as to each of these operations is set forth below. The Company evaluates performance based on several factors, of which the primary financial measure is operating income (loss) before non-cash depreciation of tangible assets and non-cash amortization of intangible assets (“OIBDA”). The Company has supplemented its analysis of OIBDA results by segment with an analysis of operating income (loss) by segment. The accounting policies of the Company’s business segments are the same as those described in the summary of significant accounting policies included elsewhere herein. The Company accounts for intersegment sales at fair value as if the sales were to third parties. While intercompany transactions are treated like third-party transactions to determine segment performance, the revenues (and corresponding expenses recognized by the segment that is counterparty to the transaction) are eliminated in consolidation, and therefore, do not themselves impact consolidated results. Corporate Recorded Music expenses and Music Publishing eliminations Total Three Months Ended (in millions) June 30, 2016 Revenues $ 680 $ 134 $ (3 ) $ 811 OIBDA 119 23 (22 ) 120 Depreciation of property, plant and equipment (8 ) (1 ) (3 ) (12 ) Amortization of intangible assets (47 ) (16 ) — (63 ) Operating income (loss) 64 6 (25 ) 45 June 30, 2015 Revenues $ 592 $ 123 $ (5 ) $ 710 OIBDA 100 20 (20 ) 100 Depreciation of property, plant and equipment (10 ) (1 ) (3 ) (14 ) Amortization of intangible assets (47 ) (16 ) — (63 ) Operating income (loss) 43 3 (23 ) 23 Corporate Recorded Music expenses and Music Publishing eliminations Total Nine Months Ended (in millions) June 30, 2016 Revenues $ 2,038 $ 377 $ (10 ) $ 2,405 OIBDA 364 82 (62 ) 384 Depreciation of property, plant and equipment (24 ) (4 ) (9 ) (37 ) Amortization of intangible assets (140 ) (48 ) — (188 ) Operating income (loss) 200 30 (71 ) 159 June 30, 2015 Revenues $ 1,870 $ 359 $ (13 ) $ 2,216 OIBDA 302 88 (67 ) 323 Depreciation of property, plant and equipment (29 ) (4 ) (9 ) (42 ) Amortization of intangible assets (143 ) (48 ) — (191 ) Operating income (loss) 130 36 (76 ) 90

Additional Financial Informatio

Additional Financial Information	9 Months Ended
	Jun. 30, 2016
Additional Financial Information [Abstract]
Additional Financial Information	10. Additional Financial Information Cash Interest and Taxes The Company made interest payments of approximately $48 million and $53 million during the three months ended June 30, 2016 and June 30, 2015, respectively. The Company made interest payments of approximately $136 million and $140 million during the nine months ended June 30, 2016 and June 30, 2015, respectively. The Company paid approximately $15 million of income and withholding taxes with no offsetting refunds during the three months ended June 30, 2016 and paid $12 million of income and withholding taxes offset by a refund of $2 million during the three months ended June 30, 2015. The Company paid approximately $28 million of income and withholding taxes with no offsetting refunds during the nine months ended June 30, 2016 and paid $27 million of income and withholding taxes offset by a refund of $11 million during the nine months ended June 30, 2015.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	11. Fair Value Measurements ASC 820 defines fair value as the price that would be received upon sale of an asset or paid upon transfer of a liability in an orderly transaction between market participants at the measurement date and in the principal or most advantageous market for that asset or liability. The fair value should be calculated based on assumptions that market participants would use in pricing the asset or liability, not on assumptions specific to the entity. In addition to defining fair value, ASC 820 expands the disclosure requirements around fair value and establishes a fair value hierarchy for valuation inputs. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. Each fair value measurement is reported in one of the three levels which is determined by the lowest level input that is significant to the fair value measurement in its entirety. These levels are: — Level 1—inputs are based upon unadjusted quoted prices for identical instruments traded in active markets. — Level 2—inputs are based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. — Level 3—inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability. The fair values are therefore determined using model-based techniques that include option pricing models, discounted cash flow models and similar techniques. In accordance with the fair value hierarchy, described above, the following table shows the fair value of the Company’s financial instruments that are required to be measured at fair value as of June 30, 2016 and September 30, 2015. Fair Value Measurements as of June 30, 2016 (Level 1) (Level 2) (Level 3) Total (in millions) Other Current Assets: Foreign Currency Forward Exchange Contracts (a) $ — $ — $ — $ — Other Current Liabilities: Foreign Currency Forward Exchange Contracts (a) — (2 ) — (2 ) Other Current Liabilities: Contractual Obligations (b) — — — — Other Non-Current Liabilities: Contractual Obligations (b) — — (3 ) (3 ) Total $ — $ (2 ) $ (3 ) $ (5 ) Fair Value Measurements as of September 30, 2015 (Level 1) (Level 2) (Level 3) Total (in millions) Other Current Liabilities: Contractual Obligations (b) — — (1 ) (1 ) Other Non-Current Liabilities: Contractual Obligations (b) — — — — Total $ — $ — $ (1 ) $ (1 ) (a) The fair value of the foreign currency forward exchange contracts is based on dealer quotes of market forward rates and reflects the amount that the Company would receive or pay at their maturity dates for contracts involving the same currencies and maturity dates. (b) This represents purchase obligations and contingent consideration related to the Company’s various acquisitions. This is based on a discounted cash flow approach and it is adjusted to fair value on a recurring basis and any adjustments are included as a component of operating income in the statement of operations. These amounts were mainly calculated using unobservable inputs such as future earnings performance of the Company’s various acquisitions and the expected timing of the payment. The following table reconciles the beginning and ending balances of net assets and liabilities classified as Level 3: Total (in millions) Balance at September 30, 2015 $ (1 ) Additions (3 ) Reductions — Payments 1 Balance at June 30, 2016 $ (3 ) The majority of the Company’s non-financial instruments, which include goodwill, intangible assets, inventories, and property, plant, and equipment, are not required to be re-measured to fair value on a recurring basis. These assets are evaluated for impairment if certain triggering events occur. If such evaluation indicates that impairment exists, the asset is written down to its fair value. In addition, an impairment analysis is performed at least annually for goodwill and indefinite-lived intangible assets. Fair Value of Debt Based on the level of interest rates prevailing at June 30, 2016, the fair value of the Company’s debt was $2.940 billion. Based on the level of interest rates prevailing at September 30, 2015, the fair value of the Company’s debt was $2.976 billion. The fair value of the Company’s debt instruments are determined using quoted market prices from less active markets or by using quoted market prices for instruments with identical terms and maturities; both approaches are considered a Level 2 measurement.

Subsequent Events

Subsequent Events	9 Months Ended
	Jun. 30, 2016
Subsequent Events [Abstract]
Subsequent Events	12. Subsequent Events Debt Redemptions and Prepayments On July 1, 2016, Holdings redeemed the remaining $100 million of its outstanding 13.75% Senior Notes due 2019. The Company expects to record a loss on extinguishment of debt of approximately $10 million in the fourth quarter of fiscal 2016 as a result of this debt redemption, which represents the premium paid on early redemption and unamortized deferred financing costs. On July 27, 2016, Acquisition Corp. prepaid $295.5 million of its outstanding Senior Term Loan Facility due 2020. The Company expects to record an immaterial loss in the fourth quarter of fiscal 2016 as a result of this prepayment. Senior Term Loan Credit Agreement Amendment On July 15, 2016, Warner Music Group received lender consent to an amendment (the “Senior Term Loan Credit Agreement Amendment”) to the credit agreement, dated November 1, 2012 (as amended by the amendment dated as of May 9, 2013, the “Senior Term Loan Credit Agreement”), governing Warner Music Group’s senior secured term loan facility with Credit Suisse AG, as administrative agent, and the other financial institutions and lenders from time to time party thereto (the “Senior Term Loan Facility”) described under “Description of Certain Other Indebtedness—Senior Term Loan Facility.” The Senior Term Loan Credit Agreement Amendment (among other changes) conforms certain baskets governing the ability to incur debt and liens to the equivalent provisions applicable to the notes offered. The effectiveness of such changes to the baskets was subject to certain conditions, which have now been satisfied by the completed issuance and sale of the Notes Offering and the prepayment, pursuant to the prepayment notice dated July 22, 2016, of $295.5 million of the Tranche B Term Loans (as defined in the Senior Term Loan Credit Agreement) with the net proceeds from the sale of the Notes Offering. New Debt On July 27, 2016, Acquisition Corp. issued $300 million in aggregate principal amount of its 5.00% Senior Secured Notes due 2023. Acquisition Corp. used the net proceeds for the prepayment of $295.5 million of its outstanding Senior Term Loan Facility due 2020. The following is a description of the Company’s New Senior Secured Notes which are now outstanding following completion of the Notes Offering. New Senior Secured Notes On July 27, 2016 (the “Closing Date”), Acquisition Corp. (the “Issuer”), issued and sold $300 million in aggregate principal amount of its 5.00% Senior Secured Notes due 2023 (the “Notes”) under the Indenture, dated as of November 1, 2012 (the “Secured Notes Base Indenture”), among the Issuer, the guarantors party thereto, Credit Suisse AG, as Notes Authorized Agent and Collateral Agent, and Wells Fargo Bank, National Association, as Trustee (the “Trustee”), as supplemented by the Fifth Supplemental Indenture, dated as of July 27, 2016 (the “Supplemental Indenture” and, together with the Secured Notes Base Indenture, the “New Secured Notes Indenture”), among the Issuer, the guarantors party thereto and the Trustee. Interest on the Notes will accrue at the rate of 5.00% per annum and will be payable semi-annually in arrears on February 1 and August 1, commencing on February 1, 2017. Ranking The Notes are the Issuer’s senior secured obligations and are secured on an equal and ratable basis with all existing and future indebtedness secured with the same security arrangements as the Notes, including the Existing Secured Notes and the Credit Facilities (each as defined below). The Notes rank senior in right of payment to the Issuer’s subordinated indebtedness; rank equally in right of payment with all of the Issuer’s existing and future senior indebtedness, including the Issuer’s 6.750% Senior Notes due 2022 (the “Existing Unsecured Notes”), the Issuer’s 5.625% Senior Secured Notes due 2022 (the “5.625% Existing Secured Notes”), 6.000% Senior Secured Notes due 2021 (the “6.000% Existing Secured Notes”), the Issuer’s 6.250% Senior Secured Notes due 2021 (the “6.250% Existing Secured Notes” and, together with the 5.625% Existing Secured Notes and the 6.000% Existing Secured Notes, the “Existing Secured Notes”) and indebtedness under the Issuer’s senior secured revolving credit facility with Credit Suisse AG, as administrative agent, and the other financial institutions and lenders from time to time party thereto (the “Revolving Credit Facility”) and the Issuer’s senior secured term loan credit facility with Credit Suisse AG, as administrative agent, and the other financial institutions and lenders from time to time party thereto (the “Term Credit Facility” and, together with the Revolving Credit Facility, the “Credit Facilities”) and any future senior secured credit facility; are effectively senior to the Issuer’s unsecured senior indebtedness, including the Existing Unsecured Notes, to the extent of the value of the collateral securing the Notes; and are structurally subordinated in right of payment to all existing and future indebtedness and other liabilities of any of the Issuer’s non-guarantor subsidiaries (other than indebtedness and liabilities owed to the Issuer or one of its subsidiary guarantors (as such term is defined below)). Guarantees The Notes are fully and unconditionally guaranteed on a senior secured basis by each of the Issuer’s existing direct or indirect wholly-owned domestic restricted subsidiaries and by any such subsidiaries that guarantee obligations of the Issuer under the Credit Facilities, subject to customary exceptions. Such subsidiary guarantors are collectively referred to herein as the “subsidiary guarantors,” and such subsidiary guarantees are collectively referred to herein as the “subsidiary guarantees.” Each subsidiary guarantee is a senior secured obligation of such subsidiary guarantor and is secured on an equal and ratable basis with all existing and future obligations of such subsidiary guarantor that are secured with the same security arrangements as the guarantee of the Notes (including the subsidiary guarantor’s guarantee of obligations under the Existing Secured Notes and the Credit Facilities). Each subsidiary guarantee ranks senior in right of payment to all subordinated obligations of the subsidiary guarantor; is effectively senior to the subsidiary guarantor’s existing unsecured obligations, including the subsidiary guarantor’s guarantee of the Notes, to the extent of the collateral securing such guarantee; ranks equally in right of payment with all of the subsidiary guarantor’s existing and future senior obligations, including the subsidiary guarantor’s guarantee of the Credit Facilities and any future senior secured credit facility, the Existing Secured Notes and the Existing Unsecured Notes; and is structurally subordinated in right of payment to all existing and future indebtedness and other liabilities of any non-guarantor subsidiary of the subsidiary guarantor (other than indebtedness and liabilities owed to the Issuer or one of its subsidiary guarantors). Any subsidiary guarantee of the Notes may be released in certain circumstances. Optional Redemption At any time prior to August 1, 2019, the Issuer may on any one or more occasions redeem up to 40% of the aggregate principal amount of the Notes (including the aggregate principal amount of any additional securities constituting Notes) issued under the New Secured Notes Indenture, at its option, at a redemption price equal to 105% of the principal amount of the Notes redeemed, plus accrued and unpaid interest thereon, if any, to the date of redemption (subject to the rights of holders of Notes on the relevant record date to receive interest on the relevant interest payment date), with funds in an aggregate amount not exceeding the net cash proceeds of one or more equity offerings by the Issuer or any contribution to the Issuer’s common equity capital made with the net cash proceeds of one or more equity offerings by the Issuer’s direct or indirect parent; provided (1) at least 50% of the aggregate principal amount of the Notes originally issued under the New Secured Notes Indenture (including the aggregate principal amount of any additional securities constituting Notes issued under the New Secured Notes Indenture) remains outstanding immediately after the occurrence of such redemption; and (2) the redemption occurs within 180 days of the date of, and may be conditioned upon, the closing of such equity offering. The Notes may be redeemed, in whole or in part, at any time prior to August 1, 2019, at the option of the Issuer, at a redemption price equal to 100% of the principal amount of the Notes redeemed plus the applicable make-whole premium as of, and accrued and unpaid interest thereon, if any, to, the applicable redemption date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date). On or after August 1, 2019, the Issuer may redeem all or a part of the Notes, at its option, at the redemption prices (expressed as percentages of principal amount) set forth below plus accrued and unpaid interest thereon, if any, on the Notes to be redeemed to the applicable redemption date, if redeemed during the twelve-month period beginning on August 1 of the years indicated below: Year Percentage 2019 102.500 % 2020 101.250 % 2021 and thereafter 100.000 % In addition, during any 12-month period prior to August 1, 2019, the Issuer will be entitled to redeem up to 10% of the original aggregate principal amount of the Notes (including the principal amount of any additional securities of the same series) at a redemption price equal to 103.000% of the aggregate principal amount thereof, plus accrued and unpaid interest thereon, if any, to the redemption date (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date). Change of Control Upon the occurrence of a change of control, which is defined in the Secured Notes Base Indenture, each holder of the Notes has the right to require the Issuer to repurchase some or all of such holder’s Notes at a purchase price in cash equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to the repurchase date. Covenants The New Secured Notes Indenture contains covenants limiting, among other things, the Issuer’s ability and the ability of most of its subsidiaries to: incur additional indebtedness or issue certain preferred shares; pay dividends on or make distributions in respect of its capital stock or make investments or other restricted payments; create restrictions on the ability of its restricted subsidiaries to pay dividends to it or make certain other intercompany transfers; sell certain assets; create liens; consolidate, merge, sell or otherwise dispose of all or substantially all of its assets; and enter into certain transactions with its affiliates. Events of Default The New Secured Notes Indenture also provides for events of default which, if any of them occurs, would permit or require the principal of and accrued interest on New Secured Notes to become or to be declared due and payable.

Guarantor and Non-Guarantor Sub

Guarantor and Non-Guarantor Subsidiaries Financial Information	9 Months Ended
	Jun. 30, 2016
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Guarantor and Non-Guarantor Subsidiaries Financial Information	WARNER MUSIC GROUP CORP. Supplementary Information Consolidating Financial Statements The Company is the direct parent of Holdings, which is the direct parent of Acquisition Corp. Holdings has issued and outstanding the 13.75% Senior Notes due 2019 (the “Holdings Notes”). In addition, Acquisition Corp. has issued and outstanding the 5.625% Senior Secured Notes due 2022, the 6.00% Senior Secured Notes due 2021, the 6.25% Senior Secured Notes due 2021, and the 6.75% Senior Notes due 2022 (together, the “Acquisition Corp. Notes”). The Holdings Notes are guaranteed by the Company. These guarantees are full, unconditional, joint and several. The following condensed consolidating financial statements are presented for the information of the holders of the Holdings Notes and present the results of operations, financial position and cash flows of (i) the Company, which is the guarantor of the Holdings Notes, (ii) Holdings, which is the issuer of the Holdings Notes, (iii) the subsidiaries of Holdings (Acquisition Corp. is the only direct subsidiary of Holdings) and (iv) the eliminations necessary to arrive at the information for the Company on a consolidated basis. Investments in consolidated or combined subsidiaries are presented under the equity method of accounting. The Acquisition Corp. Notes are also guaranteed by the Company and, in addition, are guaranteed by all of Acquisition Corp.’s domestic wholly-owned subsidiaries. The secured notes are guaranteed on a senior secured basis and the unsecured notes are guaranteed on an unsecured senior basis. The Company’s guarantee of the Acquisition Corp. Notes is full and unconditional. The guarantee of the Acquisition Corp. Notes by Acquisition Corp.’s domestic, wholly-owned subsidiaries are full, unconditional, joint and several. The following condensed consolidating financial statements are also presented for the information of the holders of the Acquisition Corp. Notes and present the results of operations, financial position and cash flows of (i) Acquisition Corp., which is the issuer of the Acquisition Corp. Notes, (ii) the guarantor subsidiaries of Acquisition Corp., (iii) the non-guarantor subsidiaries of Acquisition Corp. and (iv) the eliminations necessary to arrive at the information for Acquisition Corp. on a consolidated basis. Investments in consolidated subsidiaries are presented under the equity method of accounting. There are no restrictions on Acquisition Corp.’s ability to obtain funds from any of its wholly-owned subsidiaries through dividends, loans or advances. The Company and Holdings are holding companies that conduct substantially all of their business operations through Acquisition Corp. Accordingly, the ability of the Company and Holdings to obtain funds from their subsidiaries is restricted by the indentures for the Acquisition Corp. Notes and the credit agreements for the Acquisition Corp. Senior Credit Facilities, including the Revolving Credit Facility and Senior Term Loan Facility, and, with respect to the Company, the indenture for the Holdings Notes. Consolidating Balance Sheet (Unaudited) June 30, 2016 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Assets: Current assets: Cash and equivalents $ — $ 189 $ 156 $ — $ 345 $ — $ — $ — $ 345 Accounts receivable, net — 168 185 — 353 — — — 353 Inventories — 13 25 — 38 — — — 38 Royalty advances expected to be recouped within one year — 86 60 — 146 — — — 146 Prepaid and other current assets 5 10 45 — 60 — — — 60 Total current assets 5 466 471 — 942 — — — 942 Due (to) from parent companies 782 (387 ) (395 ) — — — — — — Investments in and advances to (from) consolidated subsidiaries 2,350 1,342 — (3,692 ) — 318 218 (536 ) — Royalty advances expected to be recouped after one year — 129 90 — 219 — — — 219 Property, plant and equipment, net — 140 66 — 206 — — — 206 Goodwill — 1,372 258 — 1,630 — — — 1,630 Intangible assets subject to amortization, net — 1,184 1,085 — 2,269 — — — 2,269 Intangible assets not subject to amortization — 71 47 — 118 — — — 118 Other assets 34 55 18 — 107 3 — — 110 Total assets $ 3,171 $ 4,372 $ 1,640 $ (3,692 ) $ 5,491 $ 321 $ 218 $ (536 ) $ 5,494 Liabilities and Deficit: Current liabilities: Accounts payable $ — $ 77 $ 79 $ — $ 156 $ — $ — $ — $ 156 Accrued royalties — 564 600 — 1,164 — — — 1,164 Accrued liabilities — 101 168 — 269 — — — 269 Accrued interest 42 — — — 42 3 — — 45 Deferred revenue — 114 60 — 174 — — — 174 Current portion of long-term debt 13 — — — 13 100 — — 113 Other current liabilities — 2 27 — 29 — — — 29 Total current liabilities 55 858 934 — 1,847 103 — — 1,950 Long-term debt 2,795 — — — 2,795 — — — 2,795 Deferred tax liabilities, net — 114 167 — 281 — — — 281 Other noncurrent liabilities 3 129 104 — 236 — — — 236 Total liabilities 2,853 1,101 1,205 — 5,159 103 — — 5,262 Total Warner Music Group Corp. equity (deficit) 318 3,269 423 (3,692 ) 318 218 218 (536 ) 218 Noncontrolling interest — 2 12 — 14 — — — 14 Total equity (deficit) 318 3,271 435 (3,692 ) 332 218 218 (536 ) 232 Total liabilities and equity (deficit) $ 3,171 $ 4,372 $ 1,640 $ (3,692 ) $ 5,491 $ 321 $ 218 $ (536 ) $ 5,494 Consolidating Balance Sheet September 30, 2015 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Assets: Current assets: Cash and equivalents $ — $ 73 $ 173 $ — $ 246 $ — $ — $ — $ 246 Accounts receivable, net — 170 179 — 349 — — — 349 Inventories — 15 27 — 42 — — — 42 Royalty advances expected to be recouped within one year — 80 50 — 130 — — — 130 Prepaid and other current assets 5 9 46 — 60 — — — 60 Total current assets 5 347 475 — 827 — — — 827 Due (to) from parent companies 863 (174 ) (689 ) — — — — — — Investments in and advances to (from) consolidated subsidiaries 2,365 1,187 — (3,552 ) — 376 221 (597 ) — Royalty advances expected to be recouped after one year — 120 75 — 195 — — — 195 Property, plant and equipment, net — 145 75 — 220 — — — 220 Goodwill — 1,379 253 — 1,632 — — — 1,632 Intangible assets subject to amortization, net — 1,271 1,243 — 2,514 — — — 2,514 Intangible assets not subject to amortization — 71 48 — 119 — — — 119 Other assets 39 53 17 — 109 5 — — 114 Total assets $ 3,272 $ 4,399 $ 1,497 $ (3,552 ) $ 5,616 $ 381 $ 221 $ (597 ) $ 5,621 Liabilities and Deficit: Current liabilities: Accounts payable $ — $ 79 $ 94 $ — $ 173 $ — $ — $ — $ 173 Accrued royalties — 513 574 — 1,087 — — — 1,087 Accrued liabilities 1 269 26 — 296 — — — 296 Accrued interest 48 — — — 48 10 — — 58 Deferred revenue — 140 66 — 206 — — — 206 Current portion of long-term debt 13 — — — 13 — — — 13 Other current liabilities — 7 18 (1 ) 24 — — — 24 Total current liabilities 62 1,008 778 (1 ) 1,847 10 — — 1,857 Long-term debt 2,831 — — — 2,831 150 — — 2,981 Deferred tax liabilities, net — 110 192 — 302 — — — 302 Other noncurrent liabilities 3 131 105 3 242 — — — 242 Total liabilities 2,896 1,249 1,075 2 5,222 160 — — 5,382 Total Warner Music Group Corp. equity (deficit) 376 3,149 405 (3,554 ) 376 221 221 (597 ) 221 Noncontrolling interest — 1 17 — 18 — — — 18 Total equity (deficit) 376 3,150 422 (3,554 ) 394 221 221 (597 ) 239 Total liabilities and equity (deficit) $ 3,272 $ 4,399 $ 1,497 $ (3,552 ) $ 5,616 $ 381 $ 221 $ (597 ) $ 5,621 Consolidating Statement of Operations (Unaudited) For The Three Months Ended June 30, 2016 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Revenues $ — $ 501 $ 395 $ (85 ) $ 811 $ — $ — $ — $ 811 Costs and expenses: Cost of revenue — (269 ) (237 ) 58 (448 ) — — — (448 ) Selling, general and administrative expenses — (169 ) (113 ) 27 (255 ) — — — (255 ) Amortization of intangible assets — (31 ) (32 ) — (63 ) — — — (63 ) Total costs and expenses — (469 ) (382 ) 85 (766 ) — — — (766 ) Operating income — 32 13 — 45 — — — 45 Interest (expense) income, net (19 ) — (20 ) — (39 ) (4 ) — — (43 ) Equity gains (losses) from equity method investments 27 7 — (34 ) — (5 ) (9 ) 14 — Other (expense) income, net (9 ) 2 2 — (5 ) — — — (5 ) (Loss) income before income taxes (1 ) 41 (5 ) (34 ) 1 (9 ) (9 ) 14 (3 ) Income tax (expense) benefit (4 ) (7 ) (1 ) 8 (4 ) — — — (4 ) Net (loss) income (5 ) 34 (6 ) (26 ) (3 ) (9 ) (9 ) 14 (7 ) Less: income attributable to noncontrolling interest — (1 ) (1 ) — (2 ) — — — (2 ) Net (loss) income attributable to Warner Music Group Corp. $ (5 ) $ 33 $ (7 ) $ (26 ) $ (5 ) $ (9 ) $ (9 ) $ 14 $ (9 ) Consolidating Statement of Operations (Unaudited) For The Three Months Ended June 30, 2015 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Revenues $ — $ 419 $ 428 $ (137 ) $ 710 $ — $ — $ — $ 710 Costs and expenses: Cost of revenue — (208 ) (208 ) 43 (373 ) — — — (373 ) Selling, general and administrative expenses — (215 ) (130 ) 94 (251 ) — — — (251 ) Amortization of intangible assets — (31 ) (32 ) — (63 ) — — — (63 ) Total costs and expenses — (454 ) (370 ) 137 (687 ) — — — (687 ) Operating (loss) income — (35 ) 58 — 23 — — — 23 Interest income (expense), net (22 ) 1 (19 ) — (40 ) (5 ) — — (45 ) Equity (losses) gains from equity method investments (9 ) (52 ) — 61 — (39 ) (44 ) 83 — Other expense, net (4 ) — (13 ) — (17 ) — — — (17 ) (Loss) income before income taxes (35 ) (86 ) 26 61 (34 ) (44 ) (44 ) 83 (39 ) Income tax (expense) benefit (4 ) (9 ) 2 7 (4 ) — — — (4 ) Net (loss) income (39 ) (95 ) 28 68 (38 ) (44 ) (44 ) 83 (43 ) Less: income attributable to noncontrolling interest — (1 ) — — (1 ) — — — (1 ) Net (loss) income attributable to Warner Music Group Corp. $ (39 ) $ (96 ) $ 28 $ 68 $ (39 ) $ (44 ) $ (44 ) $ 83 $ (44 ) Consolidating Statement of Operations (Unaudited) For The Nine Months Ended June 30, 2016 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Revenues $ — $ 1,401 $ 1,216 $ (212 ) $ 2,405 $ — $ — $ — $ 2,405 Costs and expenses: Cost of revenue — (711 ) (693 ) 133 (1,271 ) — — — (1,271 ) Selling, general and administrative expenses — (508 ) (358 ) 79 (787 ) — — — (787 ) Amortization of intangible assets — (92 ) (96 ) — (188 ) — — — (188 ) Total costs and expenses — (1,311 ) (1,147 ) 212 (2,246 ) — — — (2,246 ) Operating income — 90 69 — 159 — — — 159 Interest (expense) income, net (60 ) 2 (59 ) — (117 ) (14 ) — — (131 ) Equity gains (losses) from equity method investments 132 67 — (199 ) — 48 29 (77 ) — Other (expense) income, net (8 ) (18 ) 52 — 26 (5 ) — — 21 Income (loss) before income taxes 64 141 62 (199 ) 68 29 29 (77 ) 49 Income tax (expense) benefit (16 ) (19 ) (9 ) 28 (16 ) — — — (16 ) Net income (loss) 48 122 53 (171 ) 52 29 29 (77 ) 33 Less: income attributable to noncontrolling interest — (1 ) (3 ) — (4 ) — — — (4 ) Net income (loss) attributable to Warner Music Group Corp. $ 48 $ 121 $ 50 $ (171 ) $ 48 $ 29 $ 29 $ (77 ) $ 29 Consolidating Statement of Operations (Unaudited) For The Nine Months Ended June 30, 2015 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Revenues $ — $ 1,195 $ 1,238 $ (217 ) $ 2,216 $ — $ — $ — $ 2,216 Costs and expenses: Cost of revenue — (578 ) (671 ) 113 (1,136 ) — — — (1,136 ) Selling, general and administrative expenses 1 (477 ) (427 ) 104 (799 ) — — — (799 ) Amortization of intangible assets — (91 ) (100 ) — (191 ) — — — (191 ) Total costs and expenses 1 (1,146 ) (1,198 ) 217 (2,126 ) — — — (2,126 ) Operating income 1 49 40 — 90 — — — 90 Interest income (expense), net (62 ) 5 (63 ) — (120 ) (16 ) — — (136 ) Equity gains (losses) from equity method investments 26 (63 ) — 38 1 (52 ) (68 ) 120 1 Other income (expense), net (10 ) — (3 ) — (13 ) — — — (13 ) (Loss) income before income taxes (45 ) (9 ) (26 ) 38 (42 ) (68 ) (68 ) 120 (58 ) Income tax (expense) benefit (7 ) (14 ) 1 13 (7 ) — — — (7 ) Net (loss) income (52 ) (23 ) (25 ) 51 (49 ) (68 ) (68 ) 120 (65 ) Less: income attributable to noncontrolling interest — (1 ) (2 ) — (3 ) — — — (3 ) Net (loss) income attributable to Warner Music Group Corp. $ (52 ) $ (24 ) $ (27 ) $ 51 $ (52 ) $ (68 ) $ (68 ) $ 120 $ (68 ) Consolidating Statement of Comprehensive Income (Unaudited) For The Three Months Ended June 30, 2016 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Net (loss) income $ (5 ) $ 34 $ (6 ) $ (26 ) $ (3 ) $ (9 ) $ (9 ) $ 14 $ (7 ) Other comprehensive income (loss), net of tax: Foreign currency adjustment 4 — 4 (4 ) 4 5 5 (9 ) 5 Deferred losses on derivative financial instruments 1 1 — (1 ) 1 1 1 (2 ) 1 Other comprehensive income (loss), net of tax: 5 1 4 (5 ) 5 6 6 (11 ) 6 Total comprehensive income (loss) — 35 (2 ) (31 ) 2 (3 ) (3 ) 3 (1 ) Less: income attributable to noncontrolling interest — (1 ) (1 ) — (2 ) — — — (2 ) Comprehensive income (loss) attributable to Warner Music Group Corp. $ — $ 34 $ (3 ) $ (31 ) $ — $ (3 ) $ (3 ) $ 3 $ (3 ) Consolidating Statement of Comprehensive Income (Unaudited) For The Three Months Ended June 30, 2015 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Net (loss) income $ (39 ) $ (95 ) $ 28 $ 68 $ (38 ) $ (44 ) $ (44 ) $ 83 $ (43 ) Other comprehensive income (loss), net of tax: Foreign currency adjustment 41 — 41 (41 ) 41 41 41 (82 ) 41 Other comprehensive income (loss), net of tax: 41 — 41 (41 ) 41 41 41 (82 ) 41 Total comprehensive income (loss) 2 (95 ) 69 27 3 (3 ) (3 ) 1 (2 ) Less: income attributable to noncontrolling interest — (1 ) — — (1 ) — — — (1 ) Comprehensive income (loss) attributable to Warner Music Group Corp. $ 2 $ (96 ) $ 69 $ 27 $ 2 $ (3 ) $ (3 ) $ 1 $ (3 ) Consolidating Statement of Comprehensive Income (Unaudited) For The Nine Months Ended June 30, 2016 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Net income (loss) $ 48 $ 122 $ 53 $ (171 ) $ 52 $ 29 $ 29 $ (77 ) $ 33 Other comprehensive income (loss), net of tax: Foreign currency adjustment (32 ) — (32 ) 32 (32 ) (31 ) (31 ) 63 (31 ) Deferred losses on derivative financial instruments (1 ) (1 ) — 1 (1 ) (1 ) (1 ) 2 (1 ) Other comprehensive (loss) income, net of tax: (33 ) (1 ) (32 ) 33 (33 ) (32 ) (32 ) 65 (32 ) Total comprehensive income (loss) 15 121 21 (138 ) 19 (3 ) (3 ) (12 ) 1 Less: income attributable to noncontrolling interest — (1 ) (3 ) — (4 ) — — — (4 ) Comprehensive income (loss) attributable to Warner Music Group Corp. $ 15 $ 120 $ 18 $ (138 ) $ 15 $ (3 ) $ (3 ) $ (12 ) $ (3 ) Consolidating Statement of Comprehensive Income (Unaudited) For The Nine Months Ended June 30, 2015 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Net (loss) income $ (52 ) $ (23 ) $ (25 ) $ 51 $ (49 ) $ (68 ) $ (68 ) $ 120 $ (65 ) Other comprehensive income (loss), net of tax: Foreign currency adjustment (49 ) — (49 ) 49 (49 ) (49 ) (49 ) 98 (49 ) Other comprehensive income (loss), net of tax: (49 ) — (49 ) 49 (49 ) (49 ) (49 ) 98 (49 ) Total comprehensive (loss) income (101 ) (23 ) (74 ) 100 (98 ) (117 ) (117 ) 218 (114 ) Less: income attributable to noncontrolling interest — (1 ) (2 ) — (3 ) — — — (3 ) Comprehensive (loss) income attributable to Warner Music Group Corp. $ (101 ) $ (24 ) $ (76 ) $ 100 $ (101 ) $ (117 ) $ (117 ) $ 218 $ (117 ) Consolidating Statement of Cash Flows (Unaudited) For The Nine Months Ended June 30, 2016 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Cash flows from operating activities Net income (loss) $ 48 $ 122 $ 53 $ (171 ) $ 52 $ 29 $ 29 $ (77 ) $ 33 Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation and amortization — 120 105 — 225 — — — 225 Unrealized (gains)/losses and remeasurement of foreign denominated loans (2 ) — 14 — 12 — — — 12 Deferred income taxes — — (15 ) — (15 ) — — — (15 ) Gain on sale of real estate — — (24 ) — (24 ) — — — (24 ) (Gain)/Loss on extinguishment of debt (1 ) — — — (1 ) 5 — 4 Net gain on divestitures — (2 ) (6 ) — (8 ) — — (8 ) Non-cash interest expense 7 — — — 7 1 — — 8 Non-cash share-based compensation expense — 9 — — 9 — — — 9 Equity (gains) losses, including distributions (132 ) (67 ) — 199 — (48 ) (29 ) 77 — Changes in operating assets and liabilities: — — — Accounts receivable — 3 (10 ) — (7 ) — — — (7 ) Inventories — 2 1 — 3 — — — 3 Royalty advances — (15 ) (36 ) — (51 ) — — — (51 ) Accounts payable and accrued liabilities — 154 (173 ) (28 ) (47 ) — — — (47 ) Royalty payables — 51 52 — 103 — — — 103 Accrued interest (6 ) — — — (6 ) (7 ) — — (13 ) Deferred revenue — (29 ) (6 ) — (35 ) — — — (35 ) Other balance sheet changes (3 ) (2 ) 15 — 10 — — — 10 Net cash provided by (used in) operating activities (89 ) 346 (30 ) — 227 (20 ) — — 207 Cash flows from investing activities — — Acquisition of music publishing rights, net — (11 ) (3 ) — (14 ) — — — (14 ) Capital expenditures — (22 ) (9 ) — (31 ) — — — (31 ) Investments and acquisitions of businesses, net — (5 ) (18 ) — (23 ) — — — (23 ) Divestitures, net of cash on hand — 4 23 — 27 — — — 27 Proceeds from the sale of real estate — — 42 — 42 — — 42 Advances to issuer 196 — — (196 ) — — — — — Net cash provided by (used in) investing activities 196 (34 ) 35 (196 ) 1 — — — 1 Cash flows from financing activities Dividend by Acquisition Corp. to Holdings Corp. (73 ) — — — (73 ) 73 — — — Repayment of Acquisition Corp. Senior Term Loan Facility (10 ) — — — (10 ) — — — (10 ) Repayment of Holdings 13.75% Senior Notes — — — — — (50 ) — — (50 ) Call premiums paid on early redemption of debt — — — — — (3 ) — — (3 ) Repayment of Acquisition Corp. 6.75% Senior Notes (24 ) — — — (24 ) — — — (24 ) Distribution to noncontrolling interest holder — — (4 ) — (4 ) — — — (4 ) Repayment of capital lease obligations — — (14 ) — (14 ) — — — (14 ) Change in due to (from) issuer — (196 ) — 196 — — — — — Net cash provided by (used in) financing activities (107 ) (196 ) (18 ) 196 (125 ) 20 — — (105 ) Effect of exchange rate changes on cash and equivalents — — (4 ) — (4 ) — — — (4 ) Net increase (decrease) in cash and equivalents — 116 (17 ) — 99 — — — 99 Cash and equivalents at beginning of period — 73 173 — 246 — — — 246 Cash and equivalents at end of period $ — $ 189 $ 156 $ — $ 345 $ — $ — $ — $ 345 Consolidating Statement of Cash Flows (Unaudited) For The Nine Months Ended June 30, 2015 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Cash flows from operating activities Net (loss) income $ (52 ) $ (23 ) $ (25 ) $ 51 $ (49 ) $ (68 ) $ (68 ) $ 120 $ (65 ) Adjustments to reconcile net (loss) income to net cashprovided by operating activities: Depreciation and amortization — 121 112 — 233 — — — 233 Unrealized gains/losses and remeasurement of foreign denominated loans 93 46 (120 ) — 19 — — — 19 Deferred income taxes — — (17 ) — (17 ) — — — (17 ) Non-cash interest expense 7 — — — 7 1 — — 8 Non-cash share-based compensation expense — — — — — — — — — Equity losses (gains), including distributions (26 ) 63 — (38 ) (1 ) 52 68 (120 ) (1 ) Changes in operating assets and liabilities: Accounts receivable — 18 (2 ) — 16 — — — 16 Inventories — (1 ) (2 ) — (3 ) — — — (3 ) Royalty advances — (18 ) (37 ) — (55 ) — — — (55 ) Accounts payable and accrued liabilities — (93 ) 20 (13 ) (86 ) — — — (86 ) Royalty payables — (55 ) 90 — 35 — — — 35 Accrued interest (7 ) — — — (7 ) (5 ) — — (12 ) Deferred revenue — 18 21 — 39 — — — 39 Other balance sheet changes (1 ) (6 ) 14 — 7 — — — 7 Net cash provided by (used in) operating activities 14 70 54 — 138 (20 ) — — 118 Cash flows from investing activities Acquisition of music publishing rights, net — (8 ) (4 ) — (12 ) — — — (12 ) Capital expenditures — (38 ) (13 ) — (51 ) — — — (51 ) Investments and acquisitions of businesses, net — (9 ) (7 ) — (16 ) — — — (16 ) Advances to issuer 16 — — (16 ) — — — — — Net cash provided by (used in) investing activities 16 (55 ) (24 ) (16 ) (79 ) — — — (79 ) Cash flows from financing activities Dividend by Acquisition Corp. to Holdings Corp. (20 ) — — — (20 ) 20 — — — Proceeds from the Revolving Credit Facility 258 — — — 258 — — — 258 Repayment of the Revolving Credit Facility (258 ) — — — (258 ) — — — (258 ) Repayment of Acquisition Corp. Senior Term Loan Facility (10 ) — — — (10 ) — — — (10 ) Distribution to noncontrolling interest holder — (1 ) (2 ) — (3 ) — — — (3 ) Repayment of capital lease obligations — — (2 ) — (2 ) — — — (2 ) Change in due to (from) issuer — (16 ) — 16 — — — — — Net cash provided by (used in) financing activities (30 ) (17 ) (4 ) 16 (35 ) 20 — — (15 ) Effect of exchange rate changes on cash and equivalents — — (13 ) — (13 ) — — — (13 ) Net increase (decrease) in cash and equivalents — (2 ) 13 — 11 — — — 11 Cash and equivalents at beginning of period — 26 131 — 157 — — — 157 Cash and equivalents at end of period $ — $ 24 $ 144 $ — $ 168 $ — $ — $ — $ 168

Summary of Significant Accoun23

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Jun. 30, 2016
Accounting Policies [Abstract]
Interim Financial Statements	Interim Financial Statements The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and notes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three and nine month period ended June 30, 2016 are not necessarily indicative of the results that may be expected for the fiscal year ending September 30, 2016. The consolidated balance sheet at September 30, 2015 has been derived from the audited consolidated financial statements at that date but does not include all of the information and notes required by U.S. GAAP for complete financial statements. For further information, refer to the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended September 30, 2015 (File No. 001-32502).
Basis of Consolidation	Basis of Consolidation The accompanying financial statements present the consolidated accounts of all entities in which the Company has a controlling voting interest and/or variable interest required to be consolidated in accordance with U.S. GAAP. All intercompany balances and transactions have been eliminated. Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 810, Consolidation (“ASC 810”) requires the Company first evaluate its investments to determine if any investments qualify as a variable interest entity (“VIE”). A VIE is consolidated if the Company is deemed to be the primary beneficiary of the VIE, which is the party involved with the VIE that has both (i) the power to control the most significant activities of the VIE and (ii) either the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. If an entity is not deemed to be a VIE, the Company consolidates the entity if the Company has a controlling voting interest. The Company maintains a 52-53 week fiscal year ending on the last Friday in each reporting period. As such, all references to June 30, 2016 and June 30, 2015 relate to the periods ended June 24, 2016 and June 26, 2015, respectively. For convenience purposes, the Company continues to date its financial statements as of June 30. The fiscal year ended September 30, 2015 ended on September 25, 2015. For convenience purposes, the Company continues to date its balance sheet as of September 30. The Company has performed a review of all subsequent events through the date the financial statements were issued, and has determined that no additional disclosures are necessary.
Income Taxes	Income Taxes At the end of each interim period, the Company makes its best estimate of the effective tax rate expected to be applicable for the full fiscal year and uses that rate to provide for income taxes on a current year-to-date basis before discrete items. If a reliable estimate of the annual effective tax rate cannot be made, which could be caused by the significant variability in rates when marginal earnings are expected for the year, a discrete tax rate is calculated for the period.
New Accounting Pronouncements	New Accounting Pronouncements During the first quarter of fiscal 2016, the Company adopted ASU 2015-17, Balance Sheet Classification of Deferred Taxes (“ASU 2015-17”). ASU 2015-17 requires that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The Company has elected to adopt this standard retrospectively, and thus the reclassification of prior period balances has been made. The application of ASU 2015-17 to the Company’s September 30, 2015 Consolidated Balance Sheets resulted in a decrease to current deferred tax assets of $52 million, an increase to non-current deferred tax assets of $2 million, and a decrease to non-current deferred tax liabilities of $50 million. In May 2014, the FASB issued guidance codified in ASC 606, Revenue Recognition – Revenue from Contracts with Customers (“ASC 606”), which replaces the guidance in former ASC 605, Revenue Recognition and ASC 928, Entertainment – Music. The amendment was the result of a joint effort by the FASB and the International Accounting Standards Board to improve financial reporting by creating common revenue recognition guidance for U.S. GAAP and international financial reporting standards ("IFRS"). The joint project clarifies the principles for recognizing revenue and develops a common revenue standard for U.S. GAAP and IFRS. ASC 606 is effective for annual periods beginning after December 15, 2017, and interim periods within those years. Early application is not permitted only as of annual reporting periods beginning after December 15, 2016, including interim reporting periods within that reporting period. The update may be applied using one of two methods: retrospective application to each prior reporting period presented, or retrospective application with the cumulative effect of initially applying the update recognized at the date of initial application. The Company is currently evaluating the transition method that will be elected and the impact of the update on its financial statements and disclosures. In August 2014, the FASB issued ASU 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”). This ASU will explicitly require management to assess an entity’s ability to continue as a going concern, and to provide related disclosure when substantial doubt exists. ASU 2014-15 will be effective in the first annual period ending after December 15, 2016, and interim periods thereafter. Earlier adoption is permitted. The adoption of this standard is not expected to have a significant impact on the Company’s financial statements, other than disclosure. In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs (“ASU 2015-03”). This ASU will require that debt issuance costs are presented as a direct deduction to the related debt in the liability section of the balance sheet, rather than presented as an asset. ASU 2015-03 will be effective for annual periods beginning after December 15, 2015, and interim periods within those years. Earlier adoption is permitted. The adoption of this standard is not expected to have a significant impact on the Company’s financial statements, other than presentation. In January 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016-01”). This ASU will require that equity investments are measured at fair value with changes in fair value recognized in net income. The Company may elect to measure equity investments that do not have a readily determinable fair value at cost minus impairment, if any, plus or minus changes resulting from observable price. ASU 2016-01 will be effective for annual periods beginning after December 15, 2017, and interim periods within those years. Earlier adoption is permitted. The adoption of this standard is not expected to have a significant impact on the Company’s financial statements, other than disclosure. In February 2016, the FASB issued ASU 2016-02, Leases (“ASU 2016-02”). This ASU establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with classification affecting the pattern of expense recognition in the statement of operations. ASU 2016-02 will be effective for annual periods after December 15, 2018, and interim periods within those years. Earlier adoption is permitted. The adoption of this standard is not expected to have a significant impact on the Company’s financial statements, other than presentation. In March 2016, the FASB issued ASU 2016-05, Derivatives and Hedging: Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships (“ASU 2016-05”) and ASU 2016-06, Derivatives and Hedging: Contingent Put and Call Options in Debt Instruments (“ASU 2016-06”). ASU 2016-05 clarifies that a change in the counterparty to a derivative instrument that has been designated as a hedging instrument does not, in and of itself, require dedesignation of that hedging relationship provided that all other hedge accounting criteria continue to be met. ASU 2016-06 clarifies the steps required to determine bifurcation of an embedded derivative. ASU 2016- 05 and ASU 2016-06 are effective for annual periods after December 15, 2016, and interim periods within those years. Early adoption is permitted. The guidance may be adopted prospectively or by a modified retrospective approach. The adoption of this standard is not expected to have a significant impact on the Company’s financial statements. In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation ("ASU 2016-09"). This ASU provides amended guidance which simplifies the accounting for share-based payment transactions involving multiple aspects of the accounting for share-based transactions, including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. ASU 2016-09 is effective for annual periods after December 15, 2016, and interim periods within those years. Early adoption is permitted. The Company is evaluating the impact of the future adoption of this standard on its financial statements and disclosures.

Comprehensive Loss (Tables)

Comprehensive Loss (Tables)	9 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Loss	Comprehensive loss, which is reported in the accompanying consolidated statements of equity, consists of net income (loss) and other gains and losses affecting equity that, under U.S. GAAP, are excluded from net income (loss). For the Company, the components of other comprehensive loss primarily consist of foreign currency translation losses and minimum pension liabilities. The following summary sets forth the changes in the components of accumulated other comprehensive loss, net of related taxes: Foreign Minimum Deferred Losses Accumulated Currency Pension On Derivative Other Translation Liability Financial Comprehensive Loss (a) Adjustment Instruments Loss, net (in millions) Balance at September 30, 2015 $ (157 ) $ (10 ) $ — $ (167 ) Other comprehensive loss (31 ) — (1 ) (32 ) Amounts reclassified from accumulated other comprehensive income — — — — Balance at June 30, 2016 $ (188 ) $ (10 ) $ (1 ) $ (199 ) (a) Foreign currency translation adjustments include intra-entity foreign currency transactions that are of a long-term investment nature of $73.2 million.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Jun. 30, 2016
Goodwill And Intangible Assets Disclosure [Abstract]
Changes in Goodwill for Each Reportable Segment	The following analysis details the changes in goodwill for each reportable segment: Recorded Music Music Publishing Total (in millions) Balance at September 30, 2015 $ 1,168 $ 464 $ 1,632 Acquisitions 10 — 10 Divestitures (7 ) — (7 ) Other adjustments (a) (5 ) — (5 ) Balance at June 30, 2016 $ 1,166 $ 464 $ 1,630 (a) Other adjustments during the nine months ended June 30, 2016 represent foreign currency movements.
Schedule of Intangible Assets	Intangible assets consist of the following: Weighted Average June 30, September 30, Useful Life 2016 2015 (in millions) Intangible assets subject to amortization: Recorded music catalog 10 years $ 950 $ 992 Music publishing copyrights 27 years 1,486 1,497 Artist and songwriter contracts 13 years 901 926 Trademarks 7 years 7 7 Other intangible assets 7 years 4 — Total gross intangible asset subject to amortization 3,348 3,422 Accumulated amortization (1,079 ) (908 ) Total net intangible assets subject to amortization 2,269 2,514 Intangible assets not subject to amortization: Trademarks and tradenames Indefinite 118 119 Total net intangible assets $ 2,387 $ 2,633

Debt (Tables)

Debt (Tables)	9 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Long-term Debt	Long-term debt, including the current portion, consists of the following: June 30, September 30, 2016 2015 (in millions) Revolving Credit Facility—Acquisition Corp. (a) $ — $ — Senior Term Loan Facility due 2020—Acquisition Corp. (b) 1,273 1,282 5.625% Senior Secured Notes due 2022—Acquisition Corp. 275 275 6.00% Senior Secured Notes due 2021—Acquisition Corp. 450 450 6.25% Senior Secured Notes due 2021—Acquisition Corp. (c) 175 177 6.75% Senior Notes due 2022—Acquisition Corp. 635 660 13.75% Senior Notes due 2019—Holdings (d) 100 150 Total debt 2,908 2,994 Less: current portion 113 13 Total long-term debt $ 2,795 $ 2,981 (a) Reflects $150 million of commitments under the Revolving Credit Facility, less letters of credit outstanding of approximately $5 million at both June 30, 2016 and September 30, 2015. There were no loans outstanding under the Revolving Credit Facility at June 30, 2016 or September 30, 2015. (b) Principal amount of $1.277 billion and $1.287 billion less unamortized discount of $4 million and $5 million at June 30, 2016 and September 30, 2015, respectively. Of this amount, $13 million, representing the scheduled amortization of the Senior Term Loan Facility, was included in the current portion of long-term debt at June 30, 2016 and September 30, 2015. (c) Face amount of €158 million. Above amounts represent the dollar equivalent of such notes at June 30, 2016 and September 30, 2015. (d) These notes were redeemed on July 1, 2016. Of this amount, $100 million was included in the current portion of long-term debt at June 30, 2016. Please see “Recent Developments” in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section for further discussion.

Derivative Financial Instrume27

Derivative Financial Instruments (Tables)	9 Months Ended
	Jun. 30, 2016
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Summary of Amounts Recorded in Consolidated Balance Sheet	The following is a summary of amounts recorded in the Consolidated Balance Sheet pertaining to the Company’s use of foreign currency derivatives at June 30, 2016 and September 30, 2015: June 30, September 30, 2016 (a) 2015 (b) (in millions) Other current assets $ — $ — Other current liabilities (2 ) — (a) Includes $3 million and $5 million of foreign exchange derivative contracts in asset and liability positions, respectively. (b) Includes no foreign exchange derivative contracts in asset and liability positions.

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Jun. 30, 2016
Segment Reporting [Abstract]
Schedule of Segment Information	The accounting policies of the Company’s business segments are the same as those described in the summary of significant accounting policies included elsewhere herein. The Company accounts for intersegment sales at fair value as if the sales were to third parties. While intercompany transactions are treated like third-party transactions to determine segment performance, the revenues (and corresponding expenses recognized by the segment that is counterparty to the transaction) are eliminated in consolidation, and therefore, do not themselves impact consolidated results. Corporate Recorded Music expenses and Music Publishing eliminations Total Three Months Ended (in millions) June 30, 2016 Revenues $ 680 $ 134 $ (3 ) $ 811 OIBDA 119 23 (22 ) 120 Depreciation of property, plant and equipment (8 ) (1 ) (3 ) (12 ) Amortization of intangible assets (47 ) (16 ) — (63 ) Operating income (loss) 64 6 (25 ) 45 June 30, 2015 Revenues $ 592 $ 123 $ (5 ) $ 710 OIBDA 100 20 (20 ) 100 Depreciation of property, plant and equipment (10 ) (1 ) (3 ) (14 ) Amortization of intangible assets (47 ) (16 ) — (63 ) Operating income (loss) 43 3 (23 ) 23 Corporate Recorded Music expenses and Music Publishing eliminations Total Nine Months Ended (in millions) June 30, 2016 Revenues $ 2,038 $ 377 $ (10 ) $ 2,405 OIBDA 364 82 (62 ) 384 Depreciation of property, plant and equipment (24 ) (4 ) (9 ) (37 ) Amortization of intangible assets (140 ) (48 ) — (188 ) Operating income (loss) 200 30 (71 ) 159 June 30, 2015 Revenues $ 1,870 $ 359 $ (13 ) $ 2,216 OIBDA 302 88 (67 ) 323 Depreciation of property, plant and equipment (29 ) (4 ) (9 ) (42 ) Amortization of intangible assets (143 ) (48 ) — (191 ) Operating income (loss) 130 36 (76 ) 90

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Jun. 30, 2016
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Financial Instruments	In accordance with the fair value hierarchy, described above, the following table shows the fair value of the Company’s financial instruments that are required to be measured at fair value as of June 30, 2016 and September 30, 2015. Fair Value Measurements as of June 30, 2016 (Level 1) (Level 2) (Level 3) Total (in millions) Other Current Assets: Foreign Currency Forward Exchange Contracts (a) $ — $ — $ — $ — Other Current Liabilities: Foreign Currency Forward Exchange Contracts (a) — (2 ) — (2 ) Other Current Liabilities: Contractual Obligations (b) — — — — Other Non-Current Liabilities: Contractual Obligations (b) — — (3 ) (3 ) Total $ — $ (2 ) $ (3 ) $ (5 ) Fair Value Measurements as of September 30, 2015 (Level 1) (Level 2) (Level 3) Total (in millions) Other Current Liabilities: Contractual Obligations (b) — — (1 ) (1 ) Other Non-Current Liabilities: Contractual Obligations (b) — — — — Total $ — $ — $ (1 ) $ (1 ) (a) The fair value of the foreign currency forward exchange contracts is based on dealer quotes of market forward rates and reflects the amount that the Company would receive or pay at their maturity dates for contracts involving the same currencies and maturity dates. (b) This represents purchase obligations and contingent consideration related to the Company’s various acquisitions. This is based on a discounted cash flow approach and it is adjusted to fair value on a recurring basis and any adjustments are included as a component of operating income in the statement of operations. These amounts were mainly calculated using unobservable inputs such as future earnings performance of the Company’s various acquisitions and the expected timing of the payment.
Reconciliation of Net Liabilities Classified as Level 3	The following table reconciles the beginning and ending balances of net assets and liabilities classified as Level 3: Total (in millions) Balance at September 30, 2015 $ (1 ) Additions (3 ) Reductions — Payments 1 Balance at June 30, 2016 $ (3 )

Subsequent Events (Tables)

Subsequent Events (Tables)	9 Months Ended
	Jun. 30, 2016
Debt Instruments [Abstract]
Redemption Prices Percentages of Principal Amount on Notes to be Redeemed	On or after August 1, 2019, the Issuer may redeem all or a part of the Notes, at its option, at the redemption prices (expressed as percentages of principal amount) set forth below plus accrued and unpaid interest thereon, if any, on the Notes to be redeemed to the applicable redemption date, if redeemed during the twelve-month period beginning on August 1 of the years indicated below: Year Percentage 2019 102.500 % 2020 101.250 % 2021 and thereafter 100.000 %

Guarantor and Non-Guarantor S31

Guarantor and Non-Guarantor Subsidiaries Financial Information (Tables)	9 Months Ended
	Jun. 30, 2016
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Schedule of Consolidating Balance Sheet (Unaudited)	Consolidating Balance Sheet (Unaudited) June 30, 2016 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Assets: Current assets: Cash and equivalents $ — $ 189 $ 156 $ — $ 345 $ — $ — $ — $ 345 Accounts receivable, net — 168 185 — 353 — — — 353 Inventories — 13 25 — 38 — — — 38 Royalty advances expected to be recouped within one year — 86 60 — 146 — — — 146 Prepaid and other current assets 5 10 45 — 60 — — — 60 Total current assets 5 466 471 — 942 — — — 942 Due (to) from parent companies 782 (387 ) (395 ) — — — — — — Investments in and advances to (from) consolidated subsidiaries 2,350 1,342 — (3,692 ) — 318 218 (536 ) — Royalty advances expected to be recouped after one year — 129 90 — 219 — — — 219 Property, plant and equipment, net — 140 66 — 206 — — — 206 Goodwill — 1,372 258 — 1,630 — — — 1,630 Intangible assets subject to amortization, net — 1,184 1,085 — 2,269 — — — 2,269 Intangible assets not subject to amortization — 71 47 — 118 — — — 118 Other assets 34 55 18 — 107 3 — — 110 Total assets $ 3,171 $ 4,372 $ 1,640 $ (3,692 ) $ 5,491 $ 321 $ 218 $ (536 ) $ 5,494 Liabilities and Deficit: Current liabilities: Accounts payable $ — $ 77 $ 79 $ — $ 156 $ — $ — $ — $ 156 Accrued royalties — 564 600 — 1,164 — — — 1,164 Accrued liabilities — 101 168 — 269 — — — 269 Accrued interest 42 — — — 42 3 — — 45 Deferred revenue — 114 60 — 174 — — — 174 Current portion of long-term debt 13 — — — 13 100 — — 113 Other current liabilities — 2 27 — 29 — — — 29 Total current liabilities 55 858 934 — 1,847 103 — — 1,950 Long-term debt 2,795 — — — 2,795 — — — 2,795 Deferred tax liabilities, net — 114 167 — 281 — — — 281 Other noncurrent liabilities 3 129 104 — 236 — — — 236 Total liabilities 2,853 1,101 1,205 — 5,159 103 — — 5,262 Total Warner Music Group Corp. equity (deficit) 318 3,269 423 (3,692 ) 318 218 218 (536 ) 218 Noncontrolling interest — 2 12 — 14 — — — 14 Total equity (deficit) 318 3,271 435 (3,692 ) 332 218 218 (536 ) 232 Total liabilities and equity (deficit) $ 3,171 $ 4,372 $ 1,640 $ (3,692 ) $ 5,491 $ 321 $ 218 $ (536 ) $ 5,494 Consolidating Balance Sheet September 30, 2015 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Assets: Current assets: Cash and equivalents $ — $ 73 $ 173 $ — $ 246 $ — $ — $ — $ 246 Accounts receivable, net — 170 179 — 349 — — — 349 Inventories — 15 27 — 42 — — — 42 Royalty advances expected to be recouped within one year — 80 50 — 130 — — — 130 Prepaid and other current assets 5 9 46 — 60 — — — 60 Total current assets 5 347 475 — 827 — — — 827 Due (to) from parent companies 863 (174 ) (689 ) — — — — — — Investments in and advances to (from) consolidated subsidiaries 2,365 1,187 — (3,552 ) — 376 221 (597 ) — Royalty advances expected to be recouped after one year — 120 75 — 195 — — — 195 Property, plant and equipment, net — 145 75 — 220 — — — 220 Goodwill — 1,379 253 — 1,632 — — — 1,632 Intangible assets subject to amortization, net — 1,271 1,243 — 2,514 — — — 2,514 Intangible assets not subject to amortization — 71 48 — 119 — — — 119 Other assets 39 53 17 — 109 5 — — 114 Total assets $ 3,272 $ 4,399 $ 1,497 $ (3,552 ) $ 5,616 $ 381 $ 221 $ (597 ) $ 5,621 Liabilities and Deficit: Current liabilities: Accounts payable $ — $ 79 $ 94 $ — $ 173 $ — $ — $ — $ 173 Accrued royalties — 513 574 — 1,087 — — — 1,087 Accrued liabilities 1 269 26 — 296 — — — 296 Accrued interest 48 — — — 48 10 — — 58 Deferred revenue — 140 66 — 206 — — — 206 Current portion of long-term debt 13 — — — 13 — — — 13 Other current liabilities — 7 18 (1 ) 24 — — — 24 Total current liabilities 62 1,008 778 (1 ) 1,847 10 — — 1,857 Long-term debt 2,831 — — — 2,831 150 — — 2,981 Deferred tax liabilities, net — 110 192 — 302 — — — 302 Other noncurrent liabilities 3 131 105 3 242 — — — 242 Total liabilities 2,896 1,249 1,075 2 5,222 160 — — 5,382 Total Warner Music Group Corp. equity (deficit) 376 3,149 405 (3,554 ) 376 221 221 (597 ) 221 Noncontrolling interest — 1 17 — 18 — — — 18 Total equity (deficit) 376 3,150 422 (3,554 ) 394 221 221 (597 ) 239 Total liabilities and equity (deficit) $ 3,272 $ 4,399 $ 1,497 $ (3,552 ) $ 5,616 $ 381 $ 221 $ (597 ) $ 5,621
Schedule of Consolidating Statement of Operations (Unaudited)	Consolidating Statement of Operations (Unaudited) For The Three Months Ended June 30, 2016 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Revenues $ — $ 501 $ 395 $ (85 ) $ 811 $ — $ — $ — $ 811 Costs and expenses: Cost of revenue — (269 ) (237 ) 58 (448 ) — — — (448 ) Selling, general and administrative expenses — (169 ) (113 ) 27 (255 ) — — — (255 ) Amortization of intangible assets — (31 ) (32 ) — (63 ) — — — (63 ) Total costs and expenses — (469 ) (382 ) 85 (766 ) — — — (766 ) Operating income — 32 13 — 45 — — — 45 Interest (expense) income, net (19 ) — (20 ) — (39 ) (4 ) — — (43 ) Equity gains (losses) from equity method investments 27 7 — (34 ) — (5 ) (9 ) 14 — Other (expense) income, net (9 ) 2 2 — (5 ) — — — (5 ) (Loss) income before income taxes (1 ) 41 (5 ) (34 ) 1 (9 ) (9 ) 14 (3 ) Income tax (expense) benefit (4 ) (7 ) (1 ) 8 (4 ) — — — (4 ) Net (loss) income (5 ) 34 (6 ) (26 ) (3 ) (9 ) (9 ) 14 (7 ) Less: income attributable to noncontrolling interest — (1 ) (1 ) — (2 ) — — — (2 ) Net (loss) income attributable to Warner Music Group Corp. $ (5 ) $ 33 $ (7 ) $ (26 ) $ (5 ) $ (9 ) $ (9 ) $ 14 $ (9 ) Consolidating Statement of Operations (Unaudited) For The Three Months Ended June 30, 2015 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Revenues $ — $ 419 $ 428 $ (137 ) $ 710 $ — $ — $ — $ 710 Costs and expenses: Cost of revenue — (208 ) (208 ) 43 (373 ) — — — (373 ) Selling, general and administrative expenses — (215 ) (130 ) 94 (251 ) — — — (251 ) Amortization of intangible assets — (31 ) (32 ) — (63 ) — — — (63 ) Total costs and expenses — (454 ) (370 ) 137 (687 ) — — — (687 ) Operating (loss) income — (35 ) 58 — 23 — — — 23 Interest income (expense), net (22 ) 1 (19 ) — (40 ) (5 ) — — (45 ) Equity (losses) gains from equity method investments (9 ) (52 ) — 61 — (39 ) (44 ) 83 — Other expense, net (4 ) — (13 ) — (17 ) — — — (17 ) (Loss) income before income taxes (35 ) (86 ) 26 61 (34 ) (44 ) (44 ) 83 (39 ) Income tax (expense) benefit (4 ) (9 ) 2 7 (4 ) — — — (4 ) Net (loss) income (39 ) (95 ) 28 68 (38 ) (44 ) (44 ) 83 (43 ) Less: income attributable to noncontrolling interest — (1 ) — — (1 ) — — — (1 ) Net (loss) income attributable to Warner Music Group Corp. $ (39 ) $ (96 ) $ 28 $ 68 $ (39 ) $ (44 ) $ (44 ) $ 83 $ (44 ) Consolidating Statement of Operations (Unaudited) For The Nine Months Ended June 30, 2016 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Revenues $ — $ 1,401 $ 1,216 $ (212 ) $ 2,405 $ — $ — $ — $ 2,405 Costs and expenses: Cost of revenue — (711 ) (693 ) 133 (1,271 ) — — — (1,271 ) Selling, general and administrative expenses — (508 ) (358 ) 79 (787 ) — — — (787 ) Amortization of intangible assets — (92 ) (96 ) — (188 ) — — — (188 ) Total costs and expenses — (1,311 ) (1,147 ) 212 (2,246 ) — — — (2,246 ) Operating income — 90 69 — 159 — — — 159 Interest (expense) income, net (60 ) 2 (59 ) — (117 ) (14 ) — — (131 ) Equity gains (losses) from equity method investments 132 67 — (199 ) — 48 29 (77 ) — Other (expense) income, net (8 ) (18 ) 52 — 26 (5 ) — — 21 Income (loss) before income taxes 64 141 62 (199 ) 68 29 29 (77 ) 49 Income tax (expense) benefit (16 ) (19 ) (9 ) 28 (16 ) — — — (16 ) Net income (loss) 48 122 53 (171 ) 52 29 29 (77 ) 33 Less: income attributable to noncontrolling interest — (1 ) (3 ) — (4 ) — — — (4 ) Net income (loss) attributable to Warner Music Group Corp. $ 48 $ 121 $ 50 $ (171 ) $ 48 $ 29 $ 29 $ (77 ) $ 29 Consolidating Statement of Operations (Unaudited) For The Nine Months Ended June 30, 2015 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Revenues $ — $ 1,195 $ 1,238 $ (217 ) $ 2,216 $ — $ — $ — $ 2,216 Costs and expenses: Cost of revenue — (578 ) (671 ) 113 (1,136 ) — — — (1,136 ) Selling, general and administrative expenses 1 (477 ) (427 ) 104 (799 ) — — — (799 ) Amortization of intangible assets — (91 ) (100 ) — (191 ) — — — (191 ) Total costs and expenses 1 (1,146 ) (1,198 ) 217 (2,126 ) — — — (2,126 ) Operating income 1 49 40 — 90 — — — 90 Interest income (expense), net (62 ) 5 (63 ) — (120 ) (16 ) — — (136 ) Equity gains (losses) from equity method investments 26 (63 ) — 38 1 (52 ) (68 ) 120 1 Other income (expense), net (10 ) — (3 ) — (13 ) — — — (13 ) (Loss) income before income taxes (45 ) (9 ) (26 ) 38 (42 ) (68 ) (68 ) 120 (58 ) Income tax (expense) benefit (7 ) (14 ) 1 13 (7 ) — — — (7 ) Net (loss) income (52 ) (23 ) (25 ) 51 (49 ) (68 ) (68 ) 120 (65 ) Less: income attributable to noncontrolling interest — (1 ) (2 ) — (3 ) — — — (3 ) Net (loss) income attributable to Warner Music Group Corp. $ (52 ) $ (24 ) $ (27 ) $ 51 $ (52 ) $ (68 ) $ (68 ) $ 120 $ (68 )
Schedule of Consolidating Statement of Comprehensive Income (Unaudited)	Consolidating Statement of Comprehensive Income (Unaudited) For The Three Months Ended June 30, 2016 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Net (loss) income $ (5 ) $ 34 $ (6 ) $ (26 ) $ (3 ) $ (9 ) $ (9 ) $ 14 $ (7 ) Other comprehensive income (loss), net of tax: Foreign currency adjustment 4 — 4 (4 ) 4 5 5 (9 ) 5 Deferred losses on derivative financial instruments 1 1 — (1 ) 1 1 1 (2 ) 1 Other comprehensive income (loss), net of tax: 5 1 4 (5 ) 5 6 6 (11 ) 6 Total comprehensive income (loss) — 35 (2 ) (31 ) 2 (3 ) (3 ) 3 (1 ) Less: income attributable to noncontrolling interest — (1 ) (1 ) — (2 ) — — — (2 ) Comprehensive income (loss) attributable to Warner Music Group Corp. $ — $ 34 $ (3 ) $ (31 ) $ — $ (3 ) $ (3 ) $ 3 $ (3 ) Consolidating Statement of Comprehensive Income (Unaudited) For The Three Months Ended June 30, 2015 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Net (loss) income $ (39 ) $ (95 ) $ 28 $ 68 $ (38 ) $ (44 ) $ (44 ) $ 83 $ (43 ) Other comprehensive income (loss), net of tax: Foreign currency adjustment 41 — 41 (41 ) 41 41 41 (82 ) 41 Other comprehensive income (loss), net of tax: 41 — 41 (41 ) 41 41 41 (82 ) 41 Total comprehensive income (loss) 2 (95 ) 69 27 3 (3 ) (3 ) 1 (2 ) Less: income attributable to noncontrolling interest — (1 ) — — (1 ) — — — (1 ) Comprehensive income (loss) attributable to Warner Music Group Corp. $ 2 $ (96 ) $ 69 $ 27 $ 2 $ (3 ) $ (3 ) $ 1 $ (3 ) Consolidating Statement of Comprehensive Income (Unaudited) For The Nine Months Ended June 30, 2016 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Net income (loss) $ 48 $ 122 $ 53 $ (171 ) $ 52 $ 29 $ 29 $ (77 ) $ 33 Other comprehensive income (loss), net of tax: Foreign currency adjustment (32 ) — (32 ) 32 (32 ) (31 ) (31 ) 63 (31 ) Deferred losses on derivative financial instruments (1 ) (1 ) — 1 (1 ) (1 ) (1 ) 2 (1 ) Other comprehensive (loss) income, net of tax: (33 ) (1 ) (32 ) 33 (33 ) (32 ) (32 ) 65 (32 ) Total comprehensive income (loss) 15 121 21 (138 ) 19 (3 ) (3 ) (12 ) 1 Less: income attributable to noncontrolling interest — (1 ) (3 ) — (4 ) — — — (4 ) Comprehensive income (loss) attributable to Warner Music Group Corp. $ 15 $ 120 $ 18 $ (138 ) $ 15 $ (3 ) $ (3 ) $ (12 ) $ (3 ) Consolidating Statement of Comprehensive Income (Unaudited) For The Nine Months Ended June 30, 2015 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Net (loss) income $ (52 ) $ (23 ) $ (25 ) $ 51 $ (49 ) $ (68 ) $ (68 ) $ 120 $ (65 ) Other comprehensive income (loss), net of tax: Foreign currency adjustment (49 ) — (49 ) 49 (49 ) (49 ) (49 ) 98 (49 ) Other comprehensive income (loss), net of tax: (49 ) — (49 ) 49 (49 ) (49 ) (49 ) 98 (49 ) Total comprehensive (loss) income (101 ) (23 ) (74 ) 100 (98 ) (117 ) (117 ) 218 (114 ) Less: income attributable to noncontrolling interest — (1 ) (2 ) — (3 ) — — — (3 ) Comprehensive (loss) income attributable to Warner Music Group Corp. $ (101 ) $ (24 ) $ (76 ) $ 100 $ (101 ) $ (117 ) $ (117 ) $ 218 $ (117 )
Schedule of Consolidating Statement of Cash Flows (Unaudited)	Consolidating Statement of Cash Flows (Unaudited) For The Nine Months Ended June 30, 2016 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Cash flows from operating activities Net income (loss) $ 48 $ 122 $ 53 $ (171 ) $ 52 $ 29 $ 29 $ (77 ) $ 33 Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation and amortization — 120 105 — 225 — — — 225 Unrealized (gains)/losses and remeasurement of foreign denominated loans (2 ) — 14 — 12 — — — 12 Deferred income taxes — — (15 ) — (15 ) — — — (15 ) Gain on sale of real estate — — (24 ) — (24 ) — — — (24 ) (Gain)/Loss on extinguishment of debt (1 ) — — — (1 ) 5 — 4 Net gain on divestitures — (2 ) (6 ) — (8 ) — — (8 ) Non-cash interest expense 7 — — — 7 1 — — 8 Non-cash share-based compensation expense — 9 — — 9 — — — 9 Equity (gains) losses, including distributions (132 ) (67 ) — 199 — (48 ) (29 ) 77 — Changes in operating assets and liabilities: — — — Accounts receivable — 3 (10 ) — (7 ) — — — (7 ) Inventories — 2 1 — 3 — — — 3 Royalty advances — (15 ) (36 ) — (51 ) — — — (51 ) Accounts payable and accrued liabilities — 154 (173 ) (28 ) (47 ) — — — (47 ) Royalty payables — 51 52 — 103 — — — 103 Accrued interest (6 ) — — — (6 ) (7 ) — — (13 ) Deferred revenue — (29 ) (6 ) — (35 ) — — — (35 ) Other balance sheet changes (3 ) (2 ) 15 — 10 — — — 10 Net cash provided by (used in) operating activities (89 ) 346 (30 ) — 227 (20 ) — — 207 Cash flows from investing activities — — Acquisition of music publishing rights, net — (11 ) (3 ) — (14 ) — — — (14 ) Capital expenditures — (22 ) (9 ) — (31 ) — — — (31 ) Investments and acquisitions of businesses, net — (5 ) (18 ) — (23 ) — — — (23 ) Divestitures, net of cash on hand — 4 23 — 27 — — — 27 Proceeds from the sale of real estate — — 42 — 42 — — 42 Advances to issuer 196 — — (196 ) — — — — — Net cash provided by (used in) investing activities 196 (34 ) 35 (196 ) 1 — — — 1 Cash flows from financing activities Dividend by Acquisition Corp. to Holdings Corp. (73 ) — — — (73 ) 73 — — — Repayment of Acquisition Corp. Senior Term Loan Facility (10 ) — — — (10 ) — — — (10 ) Repayment of Holdings 13.75% Senior Notes — — — — — (50 ) — — (50 ) Call premiums paid on early redemption of debt — — — — — (3 ) — — (3 ) Repayment of Acquisition Corp. 6.75% Senior Notes (24 ) — — — (24 ) — — — (24 ) Distribution to noncontrolling interest holder — — (4 ) — (4 ) — — — (4 ) Repayment of capital lease obligations — — (14 ) — (14 ) — — — (14 ) Change in due to (from) issuer — (196 ) — 196 — — — — — Net cash provided by (used in) financing activities (107 ) (196 ) (18 ) 196 (125 ) 20 — — (105 ) Effect of exchange rate changes on cash and equivalents — — (4 ) — (4 ) — — — (4 ) Net increase (decrease) in cash and equivalents — 116 (17 ) — 99 — — — 99 Cash and equivalents at beginning of period — 73 173 — 246 — — — 246 Cash and equivalents at end of period $ — $ 189 $ 156 $ — $ 345 $ — $ — $ — $ 345 Consolidating Statement of Cash Flows (Unaudited) For The Nine Months Ended June 30, 2015 WMG WMG WMG Warner Warner Acquisition Non- Acquisition Holdings Music Music Corp. Guarantor Guarantor Corp. Corp. Group Group Corp. (issuer) Subsidiaries Subsidiaries Eliminations Consolidated (issuer) Corp. Eliminations Consolidated (in millions) Cash flows from operating activities Net (loss) income $ (52 ) $ (23 ) $ (25 ) $ 51 $ (49 ) $ (68 ) $ (68 ) $ 120 $ (65 ) Adjustments to reconcile net (loss) income to net cashprovided by operating activities: Depreciation and amortization — 121 112 — 233 — — — 233 Unrealized gains/losses and remeasurement of foreign denominated loans 93 46 (120 ) — 19 — — — 19 Deferred income taxes — — (17 ) — (17 ) — — — (17 ) Non-cash interest expense 7 — — — 7 1 — — 8 Non-cash share-based compensation expense — — — — — — — — — Equity losses (gains), including distributions (26 ) 63 — (38 ) (1 ) 52 68 (120 ) (1 ) Changes in operating assets and liabilities: Accounts receivable — 18 (2 ) — 16 — — — 16 Inventories — (1 ) (2 ) — (3 ) — — — (3 ) Royalty advances — (18 ) (37 ) — (55 ) — — — (55 ) Accounts payable and accrued liabilities — (93 ) 20 (13 ) (86 ) — — — (86 ) Royalty payables — (55 ) 90 — 35 — — — 35 Accrued interest (7 ) — — — (7 ) (5 ) — — (12 ) Deferred revenue — 18 21 — 39 — — — 39 Other balance sheet changes (1 ) (6 ) 14 — 7 — — — 7 Net cash provided by (used in) operating activities 14 70 54 — 138 (20 ) — — 118 Cash flows from investing activities Acquisition of music publishing rights, net — (8 ) (4 ) — (12 ) — — — (12 ) Capital expenditures — (38 ) (13 ) — (51 ) — — — (51 ) Investments and acquisitions of businesses, net — (9 ) (7 ) — (16 ) — — — (16 ) Advances to issuer 16 — — (16 ) — — — — — Net cash provided by (used in) investing activities 16 (55 ) (24 ) (16 ) (79 ) — — — (79 ) Cash flows from financing activities Dividend by Acquisition Corp. to Holdings Corp. (20 ) — — — (20 ) 20 — — — Proceeds from the Revolving Credit Facility 258 — — — 258 — — — 258 Repayment of the Revolving Credit Facility (258 ) — — — (258 ) — — — (258 ) Repayment of Acquisition Corp. Senior Term Loan Facility (10 ) — — — (10 ) — — — (10 ) Distribution to noncontrolling interest holder — (1 ) (2 ) — (3 ) — — — (3 ) Repayment of capital lease obligations — — (2 ) — (2 ) — — — (2 ) Change in due to (from) issuer — (16 ) — 16 — — — — — Net cash provided by (used in) financing activities (30 ) (17 ) (4 ) 16 (35 ) 20 — — (15 ) Effect of exchange rate changes on cash and equivalents — — (13 ) — (13 ) — — — (13 ) Net increase (decrease) in cash and equivalents — (2 ) 13 — 11 — — — 11 Cash and equivalents at beginning of period — 26 131 — 157 — — — 157 Cash and equivalents at end of period $ — $ 24 $ 144 $ — $ 168 $ — $ — $ — $ 168

Description of Business - Addit

Description of Business - Additional Information (Detail)	9 Months Ended
	Jun. 30, 2016OperationsCountrysongwriters
Description Of Business [Line Items]
Number of fundamental operations | Operations	2
Number of countries in which Recorded Music activity conducted | Country	50
Number of songwriters and composers | songwriters	65,000
Parlophone Label Group
Description Of Business [Line Items]
Acquisition date	Jul. 1, 2013

Summary of Significant Accoun33

Summary of Significant Accounting Policies - Additional Information (Detail) - ASU 2015-17 $ in Millions	9 Months Ended
	Jun. 30, 2016USD ($)
Accounting Policies [Line Items]
Decrease in current deferred tax assets	$ 52
Increase in non-current deferred tax assets	2
Decrease in non-current deferred tax liabilities	$ 50

Comprehensive Loss - Schedule o

Comprehensive Loss - Schedule of Accumulated Other Comprehensive Loss (Detail) $ in Millions	9 Months Ended
	Jun. 30, 2016USD ($)
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance	$ 239
Other comprehensive loss	(32)
Ending balance	232
Foreign Currency Translation Loss
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance	(157)	[1]
Other comprehensive loss	(31)	[1]
Ending balance	(188)	[1]
Minimum Pension Liability Adjustment
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance	(10)
Ending balance	(10)
Deferred Losses On Derivative Financial Instruments
Accumulated Other Comprehensive Income Loss [Line Items]
Other comprehensive loss	(1)
Ending balance	(1)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income Loss [Line Items]
Beginning balance	(167)
Ending balance	$ (199)
[1]	Foreign currency translation adjustments include intra-entity foreign currency transactions that are of a long-term investment nature of $73.2 million.

Comprehensive Loss - Schedule35

Comprehensive Loss - Schedule of Accumulated Other Comprehensive Loss (Parenthetical) (Detail) $ in Millions	9 Months Ended
	Jun. 30, 2016USD ($)
Equity [Abstract]
Intra-entity foreign currency transaction adjustments	$ 73.2

Goodwill and Intangible Asset36

Goodwill and Intangible Assets - Changes in Goodwill for Each Reportable Segment (Detail) $ in Millions	9 Months Ended
	Jun. 30, 2016USD ($)
Goodwill [Line Items]
Beginning balance	$ 1,632
Acquisitions	10
Divestitures	(7)
Other adjustments	(5)	[1]
Ending balance	1,630
Recorded Music
Goodwill [Line Items]
Beginning balance	1,168
Acquisitions	10
Divestitures	(7)
Other adjustments	(5)	[1]
Ending balance	1,166
Music Publishing
Goodwill [Line Items]
Beginning balance	464
Ending balance	$ 464
[1]	Other adjustments during the nine months ended June 30, 2016 represent foreign currency movements.

Goodwill and Intangible Asset37

Goodwill and Intangible Assets - Schedule of Intangible Assets (Detail) - USD ($) $ in Millions	9 Months Ended
	Jun. 30, 2016	Sep. 30, 2015
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Total gross intangible asset subject to amortization	$ 3,348	$ 3,422
Other intangible assets	4
Accumulated amortization	(1,079)	(908)
Total net intangible assets subject to amortization	2,269	2,514
Intangible assets not subject to amortization	118	119
Total net intangible assets	$ 2,387	2,633
Other Intangible Assets
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Intangible assets, Useful Life	7 years
Trademarks and tradenames
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Intangible assets not subject to amortization	$ 118	119
Recorded music catalog
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Intangible assets, Useful Life	10 years
Total gross intangible asset subject to amortization	$ 950	992
Music publishing copyrights
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Intangible assets, Useful Life	27 years
Total gross intangible asset subject to amortization	$ 1,486	1,497
Artist and songwriter contracts
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Intangible assets, Useful Life	13 years
Total gross intangible asset subject to amortization	$ 901	926
Trademarks
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Intangible assets, Useful Life	7 years
Total gross intangible asset subject to amortization	$ 7	$ 7

Debt - Long-term Debt (Detail)

Debt - Long-term Debt (Detail) - USD ($) $ in Millions		Jun. 30, 2016		Mar. 11, 2016	Feb. 16, 2016	Sep. 30, 2015
Debt Instrument [Line Items]
Total debt		$ 2,908				$ 2,994
Less: current portion		113				13
Total long-term debt		2,795				2,981
Acquisition Corp. | Senior Term Loan Facility due 2020
Debt Instrument [Line Items]
Total debt	[1]	1,273				1,282
Less: current portion		13				13
Acquisition Corp. | 5.625% Senior Secured Notes due 2022
Debt Instrument [Line Items]
Total debt		275				275
Acquisition Corp. | 6.00% Senior Secured Notes due 2021
Debt Instrument [Line Items]
Total debt		450				450
Acquisition Corp. | 6.25% Senior Secured Notes due 2021
Debt Instrument [Line Items]
Total debt	[2]	175				177
Acquisition Corp. | 6.75% Senior Notes due 2022
Debt Instrument [Line Items]
Total debt		635		$ 660		660
Holdings Company | 13.75% Senior Notes due 2019
Debt Instrument [Line Items]
Total debt		100	[3]		$ 150	$ 150	[3]
Less: current portion		$ 100
[1]	Principal amount of $1.277 billion and $1.287 billion less unamortized discount of $4 million and $5 million at June 30, 2016 and September 30, 2015, respectively. Of this amount, $13 million, representing the scheduled amortization of the Senior Term Loan Facility, was included in the current portion of long-term debt at June 30, 2016 and September 30, 2015.
[2]	Face amount of €158 million. Above amounts represent the dollar equivalent of such notes at June 30, 2016 and September 30, 2015.
[3]	These notes were redeemed on July 1, 2016. Of this amount, $100 million was included in the current portion of long-term debt at June 30, 2016. Please see “Recent Developments” in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section for further discussion.

Debt - Long-term Debt (Parenthe

Debt - Long-term Debt (Parenthetical) (Detail) € in Millions	9 Months Ended	12 Months Ended
	Jun. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2016EUR (€)	Mar. 11, 2016	Feb. 16, 2016	Sep. 30, 2015EUR (€)	Jun. 30, 2015
Debt Instrument [Line Items]
Current portion of long-term debt	$ 113,000,000	$ 13,000,000
Revolving Credit Facility
Debt Instrument [Line Items]
Commitments under revolving credit facility	150,000,000	150,000,000
Letters of credit outstanding	5,000,000	5,000,000
Revolving Credit Facility Outstanding	$ 0	$ 0
Senior Term Loan Facility due 2020 | Acquisition Corp.
Debt Instrument [Line Items]
Due date of Senior Secured Notes	2,020	2,020
Face or principal amount of debt instrument	$ 1,277,000,000	$ 1,287,000,000
Unamortized discount	4,000,000	5,000,000
Current portion of long-term debt	$ 13,000,000	$ 13,000,000
5.625% Senior Secured Notes | Acquisition Corp.
Debt Instrument [Line Items]
Due date of Senior Secured Notes	2,022	2,022
Interest rate	5.625%	5.625%	5.625%			5.625%
6.00% Senior Secured Notes | Acquisition Corp.
Debt Instrument [Line Items]
Due date of Senior Secured Notes	2,021	2,021
Interest rate	6.00%	6.00%	6.00%			6.00%
6.25% Senior Secured Notes | Acquisition Corp.
Debt Instrument [Line Items]
Due date of Senior Secured Notes	2,021	2,021
Interest rate	6.25%	6.25%	6.25%			6.25%
Face or principal amount of debt instrument | €			€ 158			€ 158
6.75% Senior Notes due 2022 | Acquisition Corp.
Debt Instrument [Line Items]
Due date of Senior Secured Notes	2,022	2,022
Interest rate	6.75%	6.75%	6.75%	6.75%		6.75%
13.75% Notes due 2019 | Holdings Company
Debt Instrument [Line Items]
Due date of Senior Secured Notes	2,019	2,019
Interest rate	13.75%	13.75%	13.75%			13.75%
13.75% Senior Notes due 2019
Debt Instrument [Line Items]
Interest rate	13.75%		13.75%				13.75%
13.75% Senior Notes due 2019 | Holdings Company
Debt Instrument [Line Items]
Interest rate					13.75%
Current portion of long-term debt	$ 100,000,000

Debt - Debt Redemptions - Addit

Debt - Debt Redemptions - Additional Information (Detail) - USD ($) $ in Millions	Jul. 27, 2016	Jul. 02, 2016	Feb. 16, 2016	Sep. 30, 2016	Jun. 30, 2016		Jul. 01, 2016	Sep. 30, 2015		Jun. 30, 2015
Debt Instrument [Line Items]
Outstanding senior notes					$ 2,908			$ 2,994
Loss on extinguishment of debt					4
13.75% Senior Notes due 2019
Debt Instrument [Line Items]
Redemption of senior notes					$ 50
Interest rate					13.75%					13.75%
Holdings Company | 13.75% Senior Notes due 2019
Debt Instrument [Line Items]
Redemption of senior notes			$ 50
Outstanding senior notes			$ 150		$ 100	[1]		$ 150	[1]
Interest rate			13.75%
Loss on extinguishment of debt			$ 5
Holdings Company | 13.75% Senior Notes due 2019 | Subsequent Event
Debt Instrument [Line Items]
Redemption of senior notes		$ 100
Interest rate							13.75%
Holdings Company | 13.75% Senior Notes due 2019 | Scenario Forecast
Debt Instrument [Line Items]
Loss on extinguishment of debt				$ 10
Acquisition Corp Issuer | Revolving Credit Facility | Subsequent Event
Debt Instrument [Line Items]
Prepayment of senior term loan facility	$ 295.5
[1]	These notes were redeemed on July 1, 2016. Of this amount, $100 million was included in the current portion of long-term debt at June 30, 2016. Please see “Recent Developments” in the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” section for further discussion.

Debt - Open Market Purchases -

Debt - Open Market Purchases - Additional Information (Detail) - USD ($) $ in Millions	Jun. 30, 2016	Mar. 11, 2016	Sep. 30, 2015
Debt Instrument [Line Items]
Outstanding senior notes	$ 2,908		$ 2,994
Acquisition Corp. | 6.75% Senior Notes due 2022
Debt Instrument [Line Items]
Open market purchases of senior debt		$ 25
Outstanding senior notes	$ 635	$ 660	$ 660
Interest rate	6.75%	6.75%	6.75%

Debt - Notes Offering - Additio

Debt - Notes Offering - Additional Information (Detail) - Subsequent Event - Acquisition Corp Issuer $ in Millions	Jul. 27, 2016USD ($)
Revolving Credit Facility
Debt Instrument [Line Items]
Prepayment of senior term loan facility	$ 295.5
5.000% Senior Secured Notes due 2023
Debt Instrument [Line Items]
Face or principal amount of debt instrument	$ 300
Interest rate	5.00%

Debt - Interest Rates - Additio

Debt - Interest Rates - Additional Information (Detail)	9 Months Ended
	Jun. 30, 2016
Senior Term Loan Facility due 2020
Debt Instrument [Line Items]
Description of variable rate basis	The loans under the Senior Term Loan Facility bear interest at Acquisition Corp.’s election at a rate equal to (i) the rate for deposits in U.S. dollars in the London interbank market (adjusted for maximum reserves) for the applicable interest period (“Term Loan LIBOR”), plus 2.75% per annum, or (ii) the base rate, which is the highest of (x) the corporate base rate established by the administrative agent as its prime rate in effect at its principal office in New York City from time to time, (y) 0.50% in excess of the overnight federal funds rate and (z) one-month Term Loan LIBOR, plus 1.00% per annum, plus, in each case, 1.75% per annum.
Interest rate applicable to overdue principal	2.00%
Term loan Base rate plus Election Rate	1.00%
London Interbank Offered Rate (LIBOR) | Senior Term Loan Facility due 2020
Debt Instrument [Line Items]
Debt instrument, marginal interest rate	2.75%
Base Rate | Senior Term Loan Facility due 2020
Debt Instrument [Line Items]
Debt instrument, marginal interest rate	1.75%
Additional Interest rate on other overdue amounts	2.00%
Federal Funds Effective Swap Rate | Senior Term Loan Facility due 2020
Debt Instrument [Line Items]
Debt instrument, marginal interest rate	0.50%
Revolving Credit Facility
Debt Instrument [Line Items]
Debt instrument, marginal interest rate	1.00%
Description of variable rate basis	The loans under the Revolving Credit Facility bear interest at Acquisition Corp.’s election at a rate equal to (i) the rate for deposits in the borrowing currency in the London interbank market (adjusted for maximum reserves) for the applicable interest period (“Revolving LIBOR”), plus 2.00% per annum, or (ii) the base rate, which is the highest of (x) the corporate base rate established by the administrative agent from time to time, (y) 0.50% in excess of the overnight federal funds rate and (z) the one-month Revolving LIBOR plus 1.0% per annum, plus, in each case, 1.00% per annum. If there is a payment default at any time, then the interest rate applicable to overdue principal will be the rate otherwise applicable to such loan plus 2.0% per annum.
Interest rate applicable to overdue principal	2.00%
Revolving Credit Facility | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Debt instrument, marginal interest rate	2.00%
Revolving Credit Facility | Base Rate
Debt Instrument [Line Items]
Debt instrument, marginal interest rate	1.00%
Additional Interest rate on other overdue amounts	2.00%
Revolving Credit Facility | Federal Funds Effective Swap Rate
Debt Instrument [Line Items]
Debt instrument, marginal interest rate	0.50%

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Sep. 30, 2015
Debt Instrument [Line Items]
Annual Amortization of original principal on term loan			1.00%
Interest expense, net	$ 43,000,000	$ 45,000,000	$ 131,000,000	$ 136,000,000
Weighted-average interest rate of total debt	5.40%	5.60%	5.40%	5.60%	5.60%
Senior Notes
Debt Instrument [Line Items]
Scheduled maturities of long-term debt in 2019	$ 100,000,000		$ 100,000,000
Scheduled maturities of long-term debt in 2021	625,000,000		625,000,000
Scheduled maturities of long-term debt in 2022	910,000,000		$ 910,000,000
Revolving Credit Facility
Debt Instrument [Line Items]
Credit Facility maturity date			Mar. 1, 2020
Extended maturity date of credit facility			Apr. 1, 2021
Term Loan Facility
Debt Instrument [Line Items]
Credit Facility maturity date			Jul. 1, 2020
Annual amortization amount of original principal on term loan	$ 13,000,000		$ 13,000,000
Term Loans Under Senior Term Loan Facility And Senior Secured Notes Due Two Thousand Twenty One
Debt Instrument [Line Items]
Aggregate principal amount of term loan			$ 400,000,000
Minimum aggregate principal amount required to shorten maturity date of revolving credit facility outstanding date			Mar. 2, 2020

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income tax expense	$ 4	$ 4	$ 16	$ 7
Statutory income tax rate	35.00%	35.00%	35.00%	35.00%
Income withholding taxes and foreign losses uncertain tax positions	$ 0	$ 0	$ 10	$ 0
Decrease in uncertain tax position			9
Reserve for uncertain tax positions	$ 23		$ 23

Derivative Financial Instrume46

Derivative Financial Instruments - Additional Information (Detail) - USD ($)	Jun. 30, 2016	Sep. 30, 2015
Derivatives Fair Value [Line Items]
Outstanding hedge contracts		$ 0
Deferred gains (losses) in comprehensive loss related to foreign exchange hedging	$ (1,000,000)	$ 0
Sale
Derivatives Fair Value [Line Items]
Outstanding hedge contracts	94,000,000
Purchase
Derivatives Fair Value [Line Items]
Outstanding hedge contracts	$ 50,000,000

Derivative Financial Instrume47

Derivative Financial Instruments - Summary of Amounts Recorded in Consolidated Balance Sheet (Detail) $ in Millions	Jun. 30, 2016USD ($)
Other Current Liabilities
Derivatives Fair Value [Line Items]
Other current liabilities	$ (2)	[1],[2]
[1]	Includes $3 million and $5 million of foreign exchange derivative contracts in asset and liability positions, respectively.
[2]	The fair value of the foreign currency forward exchange contracts is based on dealer quotes of market forward rates and reflects the amount that the Company would receive or pay at their maturity dates for contracts involving the same currencies and maturity dates.

Derivative Financial Instrume48

Derivative Financial Instruments - Summary of Amounts Recorded in Consolidated Balance Sheet (Parenthetical) (Detail) - USD ($)	Jun. 30, 2016	Sep. 30, 2015
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Foreign exchange derivative contracts in asset	$ 3,000,000	$ 0
Foreign exchange derivative contracts in liability	$ 5,000,000	$ 0

Segment Information - Additiona

Segment Information - Additional Information (Detail)	9 Months Ended
	Jun. 30, 2016Operations
Segment Reporting [Abstract]
Number of fundamental operations	2

Segment Information - Schedule

Segment Information - Schedule of Segment Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Segment Reporting Information [Line Items]
Revenues	$ 811	$ 710	$ 2,405	$ 2,216
OIBDA	120	100	384	323
Depreciation of property, plant and equipment	(12)	(14)	(37)	(42)
Amortization expense	(63)	(63)	(188)	(191)
Operating income	45	23	159	90
Operating Segments | Recorded Music
Segment Reporting Information [Line Items]
Revenues	680	592	2,038	1,870
OIBDA	119	100	364	302
Depreciation of property, plant and equipment	(8)	(10)	(24)	(29)
Amortization expense	(47)	(47)	(140)	(143)
Operating income	64	43	200	130
Operating Segments | Music Publishing
Segment Reporting Information [Line Items]
Revenues	134	123	377	359
OIBDA	23	20	82	88
Depreciation of property, plant and equipment	(1)	(1)	(4)	(4)
Amortization expense	(16)	(16)	(48)	(48)
Operating income	6	3	30	36
Corporate Expenses and Eliminations
Segment Reporting Information [Line Items]
Revenues	(3)	(5)	(10)	(13)
OIBDA	(22)	(20)	(62)	(67)
Depreciation of property, plant and equipment	(3)	(3)	(9)	(9)
Operating income	$ (25)	$ (23)	$ (71)	$ (76)

Additional Financial Informat51

Additional Financial Information - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Supplemental Cash Flow Information [Abstract]
Accrued interest paid	$ 48,000,000	$ 53,000,000	$ 136,000,000	$ 140,000,000
Income taxes paid net of refunds	15,000,000	12,000,000	28,000,000	27,000,000
Tax refund	$ 0	$ 2,000,000	$ 0	$ 11,000,000

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value of Financial Instruments (Detail) - USD ($) $ in Millions		Jun. 30, 2016	Sep. 30, 2015
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Contractual Obligations (b)			$ (1)
Total		$ (5)
Other Current Liabilities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Other current liabilities	[1],[2]	(2)
Contractual Obligations (b)	[3]		(1)
Other Non-Current Liabilities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Contractual Obligations (b)	[3]	(3)
Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Total		(2)
Level 2 | Other Current Liabilities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Other current liabilities	[2]	(2)
Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Contractual Obligations (b)			(1)
Total		(3)
Level 3 | Other Current Liabilities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Contractual Obligations (b)	[3]		$ (1)
Level 3 | Other Non-Current Liabilities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Contractual Obligations (b)	[3]	$ (3)
[1]	Includes $3 million and $5 million of foreign exchange derivative contracts in asset and liability positions, respectively.
[2]	The fair value of the foreign currency forward exchange contracts is based on dealer quotes of market forward rates and reflects the amount that the Company would receive or pay at their maturity dates for contracts involving the same currencies and maturity dates.
[3]	This represents purchase obligations and contingent consideration related to the Company’s various acquisitions. This is based on a discounted cash flow approach and it is adjusted to fair value on a recurring basis and any adjustments are included as a component of operating income in the statement of operations. These amounts were mainly calculated using unobservable inputs such as future earnings performance of the Company’s various acquisitions and the expected timing of the payment.

Fair Value Measurements - Recon

Fair Value Measurements - Reconciliation of Net Liabilities Classified as Level 3 (Detail) - Level 3 $ in Millions	9 Months Ended
	Jun. 30, 2016USD ($)
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance at September 30, 2015	$ (1)
Additions	(3)
Payments	1
Balance at June 30, 2016	$ (3)

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Millions	Jun. 30, 2016	Sep. 30, 2015
Level 2 measurement
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Debt Instrument, Fair Value Disclosure	$ 2,940	$ 2,976

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - USD ($) $ in Millions	Jul. 27, 2016	Jul. 02, 2016	Feb. 16, 2016	Sep. 30, 2016	Jun. 30, 2016	Jul. 01, 2016	Jun. 30, 2015
Subsequent Event [Line Items]
Loss on extinguishment of debt					$ 4
Senior term loan credit agreement amendment					The effectiveness of such changes to the baskets was subject to certain conditions, which have now been satisfied by the completed issuance and sale of the Notes Offering and the prepayment, pursuant to the prepayment notice dated July 22, 2016, of $295.5 million of the Tranche B Term Loans (as defined in the Senior Term Loan Credit Agreement) with the net proceeds from the sale of the Notes Offering.
Senior secured note, covenant description					The New Secured Notes Indenture contains covenants limiting, among other things, the Issuer’s ability and the ability of most of its subsidiaries to: incur additional indebtedness or issue certain preferred shares; pay dividends on or make distributions in respect of its capital stock or make investments or other restricted payments; create restrictions on the ability of its restricted subsidiaries to pay dividends to it or make certain other intercompany transfers; sell certain assets; create liens; consolidate, merge, sell or otherwise dispose of all or substantially all of its assets; and enter into certain transactions with its affiliates.
13.75% Senior Notes due 2019
Subsequent Event [Line Items]
Redemption of senior notes					$ 50
Interest rate					13.75%		13.75%
Holdings Company | 13.75% Senior Notes due 2019
Subsequent Event [Line Items]
Redemption of senior notes			$ 50
Interest rate			13.75%
Senior notes redemption date					Jul. 1, 2016
Loss on extinguishment of debt			$ 5
Holdings Company | 13.75% Senior Notes due 2019 | Subsequent Event
Subsequent Event [Line Items]
Redemption of senior notes		$ 100
Interest rate						13.75%
Due date of Senior Secured Notes		2,019
Holdings Company | 13.75% Senior Notes due 2019 | Scenario Forecast
Subsequent Event [Line Items]
Loss on extinguishment of debt				$ 10
Acquisition Corp Issuer | Revolving Credit Facility | Subsequent Event
Subsequent Event [Line Items]
Prepayment of senior term loan facility	$ 295.5
Acquisition Corp Issuer | 5.000% Senior Secured Notes
Subsequent Event [Line Items]
Senior secured note, date of first required payment					Feb. 1, 2017
Senior secured note, frequency of periodic payment					payable semi-annually in arrears on February 1 and August 1
Acquisition Corp Issuer | 5.000% Senior Secured Notes | Subsequent Event
Subsequent Event [Line Items]
Interest rate	5.00%
Due date of Senior Secured Notes	2,023
Face or principal amount of debt instrument	$ 300

Subsequent Events - Redemption

Subsequent Events - Redemption Prices Percentages of Principal Amount on Notes to be Redeemed (Detail)	9 Months Ended
	Jun. 30, 2016
Redemption Period One
Debt Instrument Redemption [Line Items]
2,019	102.50%
Redemption Period Two
Debt Instrument Redemption [Line Items]
2,019	101.25%
Redemption Period Three and Thereafter
Debt Instrument Redemption [Line Items]
2,019	100.00%

Guarantor and Non-Guarantor S57

Guarantor and Non-Guarantor Subsidiaries Financial Information - Additional Information (Detail)	9 Months Ended	12 Months Ended
	Jun. 30, 2016	Sep. 30, 2015	Mar. 11, 2016
13.75% Notes due 2019 | Holdings Company
Condensed Financial Statements Captions [Line Items]
Interest rate	13.75%	13.75%
Due date of Senior Secured Notes	2,019	2,019
5.625% Senior Secured Notes due 2022 | Acquisition Corp.
Condensed Financial Statements Captions [Line Items]
Interest rate	5.625%	5.625%
Due date of Senior Secured Notes	2,022	2,022
6.00% Senior Secured Notes due 2021 | Acquisition Corp.
Condensed Financial Statements Captions [Line Items]
Interest rate	6.00%	6.00%
Due date of Senior Secured Notes	2,021	2,021
6.25% Senior Secured Notes due 2021 | Acquisition Corp.
Condensed Financial Statements Captions [Line Items]
Interest rate	6.25%	6.25%
Due date of Senior Secured Notes	2,021	2,021
6.75% Senior Notes due 2022 | Acquisition Corp.
Condensed Financial Statements Captions [Line Items]
Interest rate	6.75%	6.75%	6.75%
Due date of Senior Secured Notes	2,022	2,022

Guarantor and Non-Guarantor S58

Guarantor and Non-Guarantor Subsidiaries Financial Information - Consolidating Balance Sheet (Detail) - USD ($) $ in Millions	Jun. 30, 2016	Sep. 30, 2015	Jun. 30, 2015	Sep. 30, 2014
Current assets:
Cash and equivalents	$ 345	$ 246	$ 168	$ 157
Accounts receivable, net	353	349
Inventories	38	42
Royalty advances expected to be recouped within one year	146	130
Prepaid and other current assets	60	60
Total current assets	942	827
Royalty advances expected to be recouped after one year	219	195
Property, plant and equipment, net	206	220
Goodwill	1,630	1,632
Intangible assets subject to amortization, net	2,269	2,514
Intangible assets not subject to amortization	118	119
Other assets	110	114
Total assets	5,494	5,621
Current liabilities:
Accounts payable	156	173
Accrued royalties	1,164	1,087
Accrued liabilities	269	296
Accrued interest	45	58
Deferred revenue	174	206
Current portion of long-term debt	113	13
Other current liabilities	29	24
Total current liabilities	1,950	1,857
Long-term debt	2,795	2,981
Deferred tax liabilities, net	281	302
Other noncurrent liabilities	236	242
Total liabilities	5,262	5,382
Total Warner Music Group Corp. equity (deficit)	218	221
Noncontrolling interest	14	18
Total equity	232	239
Total liabilities and equity	5,494	5,621
Eliminations
Current assets:
Investments in and advances to (from) consolidated subsidiaries	(3,692)	(3,552)
Total assets	(3,692)	(3,552)
Current liabilities:
Other current liabilities		(1)
Total current liabilities		(1)
Other noncurrent liabilities		3
Total liabilities		2
Total Warner Music Group Corp. equity (deficit)	(3,692)	(3,554)
Total equity	(3,692)	(3,554)
Total liabilities and equity	(3,692)	(3,552)
Eliminations
Current assets:
Investments in and advances to (from) consolidated subsidiaries	(536)	(597)
Total assets	(536)	(597)
Current liabilities:
Total Warner Music Group Corp. equity (deficit)	(536)	(597)
Total equity	(536)	(597)
Total liabilities and equity	(536)	(597)
Acquisition Corp Issuer | Reportable Legal Entities
Current assets:
Prepaid and other current assets	5	5
Total current assets	5	5
Due (to) from parent companies	782	863
Investments in and advances to (from) consolidated subsidiaries	2,350	2,365
Other assets	34	39
Total assets	3,171	3,272
Current liabilities:
Accrued liabilities		1
Accrued interest	42	48
Current portion of long-term debt	13	13
Total current liabilities	55	62
Long-term debt	2,795	2,831
Other noncurrent liabilities	3	3
Total liabilities	2,853	2,896
Total Warner Music Group Corp. equity (deficit)	318	376
Total equity	318	376
Total liabilities and equity	3,171	3,272
Guarantor Subsidiaries | Reportable Legal Entities
Current assets:
Cash and equivalents	189	73	24	26
Accounts receivable, net	168	170
Inventories	13	15
Royalty advances expected to be recouped within one year	86	80
Prepaid and other current assets	10	9
Total current assets	466	347
Due (to) from parent companies	(387)	(174)
Investments in and advances to (from) consolidated subsidiaries	1,342	1,187
Royalty advances expected to be recouped after one year	129	120
Property, plant and equipment, net	140	145
Goodwill	1,372	1,379
Intangible assets subject to amortization, net	1,184	1,271
Intangible assets not subject to amortization	71	71
Other assets	55	53
Total assets	4,372	4,399
Current liabilities:
Accounts payable	77	79
Accrued royalties	564	513
Accrued liabilities	101	269
Deferred revenue	114	140
Other current liabilities	2	7
Total current liabilities	858	1,008
Deferred tax liabilities, net	114	110
Other noncurrent liabilities	129	131
Total liabilities	1,101	1,249
Total Warner Music Group Corp. equity (deficit)	3,269	3,149
Noncontrolling interest	2	1
Total equity	3,271	3,150
Total liabilities and equity	4,372	4,399
Non-Guarantor Subsidiaries | Reportable Legal Entities
Current assets:
Cash and equivalents	156	173	144	131
Accounts receivable, net	185	179
Inventories	25	27
Royalty advances expected to be recouped within one year	60	50
Prepaid and other current assets	45	46
Total current assets	471	475
Due (to) from parent companies	(395)	(689)
Royalty advances expected to be recouped after one year	90	75
Property, plant and equipment, net	66	75
Goodwill	258	253
Intangible assets subject to amortization, net	1,085	1,243
Intangible assets not subject to amortization	47	48
Other assets	18	17
Total assets	1,640	1,497
Current liabilities:
Accounts payable	79	94
Accrued royalties	600	574
Accrued liabilities	168	26
Deferred revenue	60	66
Other current liabilities	27	18
Total current liabilities	934	778
Deferred tax liabilities, net	167	192
Other noncurrent liabilities	104	105
Total liabilities	1,205	1,075
Total Warner Music Group Corp. equity (deficit)	423	405
Noncontrolling interest	12	17
Total equity	435	422
Total liabilities and equity	1,640	1,497
WMG Acquisition Corp. Consolidated | Reportable Legal Entities
Current assets:
Cash and equivalents	345	246	$ 168	$ 157
Accounts receivable, net	353	349
Inventories	38	42
Royalty advances expected to be recouped within one year	146	130
Prepaid and other current assets	60	60
Total current assets	942	827
Royalty advances expected to be recouped after one year	219	195
Property, plant and equipment, net	206	220
Goodwill	1,630	1,632
Intangible assets subject to amortization, net	2,269	2,514
Intangible assets not subject to amortization	118	119
Other assets	107	109
Total assets	5,491	5,616
Current liabilities:
Accounts payable	156	173
Accrued royalties	1,164	1,087
Accrued liabilities	269	296
Accrued interest	42	48
Deferred revenue	174	206
Current portion of long-term debt	13	13
Other current liabilities	29	24
Total current liabilities	1,847	1,847
Long-term debt	2,795	2,831
Deferred tax liabilities, net	281	302
Other noncurrent liabilities	236	242
Total liabilities	5,159	5,222
Total Warner Music Group Corp. equity (deficit)	318	376
Noncontrolling interest	14	18
Total equity	332	394
Total liabilities and equity	5,491	5,616
Holdings Company | Reportable Legal Entities
Current assets:
Investments in and advances to (from) consolidated subsidiaries	318	376
Other assets	3	5
Total assets	321	381
Current liabilities:
Accrued interest	3	10
Current portion of long-term debt	100
Total current liabilities	103	10
Long-term debt		150
Total liabilities	103	160
Total Warner Music Group Corp. equity (deficit)	218	221
Total equity	218	221
Total liabilities and equity	321	381
Warner Music Group Corp. | Reportable Legal Entities
Current assets:
Investments in and advances to (from) consolidated subsidiaries	218	221
Total assets	218	221
Current liabilities:
Total Warner Music Group Corp. equity (deficit)	218	221
Total equity	218	221
Total liabilities and equity	$ 218	$ 221

Guarantor and Non-Guarantor S59

Guarantor and Non-Guarantor Subsidiaries Financial Information - Consolidating Statement of Operations (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Condensed Income Statements Captions [Line Items]
Revenues	$ 811	$ 710	$ 2,405	$ 2,216
Costs and expenses:
Cost of revenue	(448)	(373)	(1,271)	(1,136)
Selling, general and administrative expenses	(255)	(251)	(787)	(799)
Amortization expense	(63)	(63)	(188)	(191)
Total costs and expenses	(766)	(687)	(2,246)	(2,126)
Operating income	45	23	159	90
Interest (expense) income, net	(43)	(45)	(131)	(136)
Equity gains (losses) from equity method investments				1
Other (expense) income, net	(5)	(17)	21	(13)
(Loss) income before income taxes	(3)	(39)	49	(58)
Income tax (expense) benefit	(4)	(4)	(16)	(7)
Net (loss) income	(7)	(43)	33	(65)
Less: Income attributable to noncontrolling interest	(2)	(1)	(4)	(3)
Net (loss) income attributable to Warner Music Group Corp.	(9)	(44)	29	(68)
Equity gains (losses) from equity method investments				1
Eliminations
Condensed Income Statements Captions [Line Items]
Revenues	(85)	(137)	(212)	(217)
Costs and expenses:
Cost of revenue	58	43	133	113
Selling, general and administrative expenses	27	94	79	104
Total costs and expenses	85	137	212	217
Equity gains (losses) from equity method investments	(34)	61	(199)	38
(Loss) income before income taxes	(34)	61	(199)	38
Income tax (expense) benefit	8	7	28	13
Net (loss) income	(26)	68	(171)	51
Net (loss) income attributable to Warner Music Group Corp.	(26)	68	(171)	51
Equity gains (losses) from equity method investments	(34)	61	(199)	38
Eliminations
Costs and expenses:
Equity gains (losses) from equity method investments	14	83	(77)	120
(Loss) income before income taxes	14	83	(77)	120
Net (loss) income	14	83	(77)	120
Net (loss) income attributable to Warner Music Group Corp.	14	83	(77)	120
Equity gains (losses) from equity method investments	14	83	(77)	120
Acquisition Corp Issuer | Reportable Legal Entities
Costs and expenses:
Selling, general and administrative expenses				1
Total costs and expenses				1
Operating income				1
Interest (expense) income, net	(19)	(22)	(60)	(62)
Equity gains (losses) from equity method investments	27	(9)	132	26
Other (expense) income, net	(9)	(4)	(8)	(10)
(Loss) income before income taxes	(1)	(35)	64	(45)
Income tax (expense) benefit	(4)	(4)	(16)	(7)
Net (loss) income	(5)	(39)	48	(52)
Net (loss) income attributable to Warner Music Group Corp.	(5)	(39)	48	(52)
Equity gains (losses) from equity method investments	27	(9)	132	26
Guarantor Subsidiaries | Reportable Legal Entities
Condensed Income Statements Captions [Line Items]
Revenues	501	419	1,401	1,195
Costs and expenses:
Cost of revenue	(269)	(208)	(711)	(578)
Selling, general and administrative expenses	(169)	(215)	(508)	(477)
Amortization expense	(31)	(31)	(92)	(91)
Total costs and expenses	(469)	(454)	(1,311)	(1,146)
Operating income	32	(35)	90	49
Interest (expense) income, net		1	2	5
Equity gains (losses) from equity method investments	7	(52)	67	(63)
Other (expense) income, net	2		(18)
(Loss) income before income taxes	41	(86)	141	(9)
Income tax (expense) benefit	(7)	(9)	(19)	(14)
Net (loss) income	34	(95)	122	(23)
Less: Income attributable to noncontrolling interest	(1)	(1)	(1)	(1)
Net (loss) income attributable to Warner Music Group Corp.	33	(96)	121	(24)
Equity gains (losses) from equity method investments	7	(52)	67	(63)
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Income Statements Captions [Line Items]
Revenues	395	428	1,216	1,238
Costs and expenses:
Cost of revenue	(237)	(208)	(693)	(671)
Selling, general and administrative expenses	(113)	(130)	(358)	(427)
Amortization expense	(32)	(32)	(96)	(100)
Total costs and expenses	(382)	(370)	(1,147)	(1,198)
Operating income	13	58	69	40
Interest (expense) income, net	(20)	(19)	(59)	(63)
Other (expense) income, net	2	(13)	52	(3)
(Loss) income before income taxes	(5)	26	62	(26)
Income tax (expense) benefit	(1)	2	(9)	1
Net (loss) income	(6)	28	53	(25)
Less: Income attributable to noncontrolling interest	(1)		(3)	(2)
Net (loss) income attributable to Warner Music Group Corp.	(7)	28	50	(27)
WMG Acquisition Corp. Consolidated | Reportable Legal Entities
Condensed Income Statements Captions [Line Items]
Revenues	811	710	2,405	2,216
Costs and expenses:
Cost of revenue	(448)	(373)	(1,271)	(1,136)
Selling, general and administrative expenses	(255)	(251)	(787)	(799)
Amortization expense	(63)	(63)	(188)	(191)
Total costs and expenses	(766)	(687)	(2,246)	(2,126)
Operating income	45	23	159	90
Interest (expense) income, net	(39)	(40)	(117)	(120)
Equity gains (losses) from equity method investments				1
Other (expense) income, net	(5)	(17)	26	(13)
(Loss) income before income taxes	1	(34)	68	(42)
Income tax (expense) benefit	(4)	(4)	(16)	(7)
Net (loss) income	(3)	(38)	52	(49)
Less: Income attributable to noncontrolling interest	(2)	(1)	(4)	(3)
Net (loss) income attributable to Warner Music Group Corp.	(5)	(39)	48	(52)
Equity gains (losses) from equity method investments				1
Holdings Company | Reportable Legal Entities
Costs and expenses:
Interest (expense) income, net	(4)	(5)	(14)	(16)
Equity gains (losses) from equity method investments	(5)	(39)	48	(52)
Other (expense) income, net			(5)
(Loss) income before income taxes	(9)	(44)	29	(68)
Net (loss) income	(9)	(44)	29	(68)
Net (loss) income attributable to Warner Music Group Corp.	(9)	(44)	29	(68)
Equity gains (losses) from equity method investments	(5)	(39)	48	(52)
Warner Music Group Corp. | Reportable Legal Entities
Costs and expenses:
Equity gains (losses) from equity method investments	(9)	(44)	29	(68)
(Loss) income before income taxes	(9)	(44)	29	(68)
Net (loss) income	(9)	(44)	29	(68)
Net (loss) income attributable to Warner Music Group Corp.	(9)	(44)	29	(68)
Equity gains (losses) from equity method investments	$ (9)	$ (44)	$ 29	$ (68)

Guarantor and Non-Guarantor S60

Guarantor and Non-Guarantor Subsidiaries Financial Information - Consolidating Statement of Comprehensive Income (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Condensed Statement Of Income Captions [Line Items]
Net (loss) income	$ (7)	$ (43)	$ 33	$ (65)
Other comprehensive income (loss), net of tax:
Foreign currency adjustment	5	41	(31)	(49)
Deferred losses on derivative financial instruments	1		(1)
Other comprehensive income (loss), net of tax	6	41	(32)	(49)
Total comprehensive (loss) income	(1)	(2)	1	(114)
Less: Income attributable to noncontrolling interest	(2)	(1)	(4)	(3)
Comprehensive loss attributable to Warner Music Group Corp.	(3)	(3)	(3)	(117)
Eliminations
Condensed Statement Of Income Captions [Line Items]
Net (loss) income	(26)	68	(171)	51
Other comprehensive income (loss), net of tax:
Foreign currency adjustment	(4)	(41)	32	49
Deferred losses on derivative financial instruments	(1)		1
Other comprehensive income (loss), net of tax	(5)	(41)	33	49
Total comprehensive (loss) income	(31)	27	(138)	100
Comprehensive loss attributable to Warner Music Group Corp.	(31)	27	(138)	100
Eliminations
Condensed Statement Of Income Captions [Line Items]
Net (loss) income	14	83	(77)	120
Other comprehensive income (loss), net of tax:
Foreign currency adjustment	(9)	(82)	63	98
Deferred losses on derivative financial instruments	(2)		2
Other comprehensive income (loss), net of tax	(11)	(82)	65	98
Total comprehensive (loss) income	3	1	(12)	218
Comprehensive loss attributable to Warner Music Group Corp.	3	1	(12)	218
Acquisition Corp Issuer | Reportable Legal Entities
Condensed Statement Of Income Captions [Line Items]
Net (loss) income	(5)	(39)	48	(52)
Other comprehensive income (loss), net of tax:
Foreign currency adjustment	4	41	(32)	(49)
Deferred losses on derivative financial instruments	1		(1)
Other comprehensive income (loss), net of tax	5	41	(33)	(49)
Total comprehensive (loss) income		2	15	(101)
Comprehensive loss attributable to Warner Music Group Corp.		2	15	(101)
Guarantor Subsidiaries | Reportable Legal Entities
Condensed Statement Of Income Captions [Line Items]
Net (loss) income	34	(95)	122	(23)
Other comprehensive income (loss), net of tax:
Deferred losses on derivative financial instruments	1		(1)
Other comprehensive income (loss), net of tax	1		(1)
Total comprehensive (loss) income	35	(95)	121	(23)
Less: Income attributable to noncontrolling interest	(1)	(1)	(1)	(1)
Comprehensive loss attributable to Warner Music Group Corp.	34	(96)	120	(24)
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Statement Of Income Captions [Line Items]
Net (loss) income	(6)	28	53	(25)
Other comprehensive income (loss), net of tax:
Foreign currency adjustment	4	41	(32)	(49)
Other comprehensive income (loss), net of tax	4	41	(32)	(49)
Total comprehensive (loss) income	(2)	69	21	(74)
Less: Income attributable to noncontrolling interest	(1)		(3)	(2)
Comprehensive loss attributable to Warner Music Group Corp.	(3)	69	18	(76)
WMG Acquisition Corp. Consolidated | Reportable Legal Entities
Condensed Statement Of Income Captions [Line Items]
Net (loss) income	(3)	(38)	52	(49)
Other comprehensive income (loss), net of tax:
Foreign currency adjustment	4	41	(32)	(49)
Deferred losses on derivative financial instruments	1		(1)
Other comprehensive income (loss), net of tax	5	41	(33)	(49)
Total comprehensive (loss) income	2	3	19	(98)
Less: Income attributable to noncontrolling interest	(2)	(1)	(4)	(3)
Comprehensive loss attributable to Warner Music Group Corp.		2	15	(101)
Holdings Company | Reportable Legal Entities
Condensed Statement Of Income Captions [Line Items]
Net (loss) income	(9)	(44)	29	(68)
Other comprehensive income (loss), net of tax:
Foreign currency adjustment	5	41	(31)	(49)
Deferred losses on derivative financial instruments	1		(1)
Other comprehensive income (loss), net of tax	6	41	(32)	(49)
Total comprehensive (loss) income	(3)	(3)	(3)	(117)
Comprehensive loss attributable to Warner Music Group Corp.	(3)	(3)	(3)	(117)
Warner Music Group Corp. | Reportable Legal Entities
Condensed Statement Of Income Captions [Line Items]
Net (loss) income	(9)	(44)	29	(68)
Other comprehensive income (loss), net of tax:
Foreign currency adjustment	5	41	(31)	(49)
Deferred losses on derivative financial instruments	1		(1)
Other comprehensive income (loss), net of tax	6	41	(32)	(49)
Total comprehensive (loss) income	(3)	(3)	(3)	(117)
Comprehensive loss attributable to Warner Music Group Corp.	$ (3)	$ (3)	$ (3)	$ (117)

Guarantor and Non-Guarantor S61

Guarantor and Non-Guarantor Subsidiaries Financial Information - Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Millions	Feb. 16, 2016	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities
Net (loss) income		$ (7)	$ (43)	$ 33	$ (65)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization				225	233
Unrealized losses and remeasurement of foreign denominated loans				12	19
Deferred income taxes				(15)	(17)
Gain on sale of real estate				(24)
Loss on extinguishment of debt				4
Net (gain) loss on sale of assets and business				(8)
Non-cash interest expense				8	8
Non-cash share-based compensation expense				9
Equity (gains) losses, including distributions					(1)
Changes in operating assets and liabilities:
Accounts receivable				(7)	16
Inventories				3	(3)
Royalty advances				(51)	(55)
Accounts payable and accrued liabilities				(47)	(86)
Royalty payables				103	35
Accrued interest				(13)	(12)
Deferred revenue				(35)	39
Other balance sheet changes				10	7
Net cash provided by operating activities				207	118
Cash flows from investing activities
Acquisition of music publishing rights, net				(14)	(12)
Capital expenditures				(31)	(51)
Investments and acquisitions of businesses, net				(23)	(16)
Divestitures, net of cash on hand				27
Proceeds from the sale of real estate				42
Net cash provided by (used in) investing activities				1	(79)
Cash flows from financing activities
Proceeds from the Revolving Credit Facility					258
Repayment of the Revolving Credit Facility					(258)
Repayment of Acquisition Corp. Senior Term Loan Facility				(10)	(10)
Call premiums paid on early redemption of debt				(3)
Distribution to noncontrolling interest holder				(4)	(3)
Repayment of capital lease obligations				(14)	(2)
Net cash used in financing activities				(105)	(15)
Repayment of capital lease obligations					(2)
Effect of exchange rate changes on cash and equivalents				(4)	(13)
Net increase in cash and equivalents				99	11
Cash and equivalents at beginning of period				246	157
Cash and equivalents at end of period		345	168	345	168
13.75% Senior Notes due 2019
Cash flows from financing activities
Repayment of Senior Notes				(50)
6.75% Senior Notes
Cash flows from financing activities
Repayment of Senior Notes				(24)
Eliminations
Cash flows from operating activities
Net (loss) income		(26)	68	(171)	51
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Equity (gains) losses, including distributions		34	(61)	199	(38)
Changes in operating assets and liabilities:
Accounts payable and accrued liabilities				(28)	(13)
Cash flows from investing activities
Advances to issuer				(196)	(16)
Net cash provided by (used in) investing activities				(196)	(16)
Cash flows from financing activities
Change in due to (from) issuer				196	16
Net cash used in financing activities				196	16
Eliminations
Cash flows from operating activities
Net (loss) income		14	83	(77)	120
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Equity (gains) losses, including distributions		(14)	(83)	77	(120)
Acquisition Corp Issuer | Reportable Legal Entities
Cash flows from operating activities
Net (loss) income		(5)	(39)	48	(52)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Unrealized losses and remeasurement of foreign denominated loans				(2)	93
Loss on extinguishment of debt				(1)
Non-cash interest expense				7	7
Equity (gains) losses, including distributions		(27)	9	(132)	(26)
Changes in operating assets and liabilities:
Accrued interest				(6)	(7)
Other balance sheet changes				(3)	(1)
Net cash provided by operating activities				(89)	14
Cash flows from investing activities
Advances to issuer				196	16
Net cash provided by (used in) investing activities				196	16
Cash flows from financing activities
Dividend by Acquisition Corp. to Holdings Corp.				(73)	(20)
Proceeds from the Revolving Credit Facility					258
Repayment of the Revolving Credit Facility					(258)
Repayment of Acquisition Corp. Senior Term Loan Facility				(10)	(10)
Net cash used in financing activities				(107)	(30)
Acquisition Corp Issuer | Reportable Legal Entities | 6.75% Senior Notes
Cash flows from financing activities
Repayment of Senior Notes				(24)
Guarantor Subsidiaries | Reportable Legal Entities
Cash flows from operating activities
Net (loss) income		34	(95)	122	(23)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization				120	121
Unrealized losses and remeasurement of foreign denominated loans					46
Net gain on sale of assets				(2)
Non-cash share-based compensation expense				9
Equity (gains) losses, including distributions		(7)	52	(67)	63
Changes in operating assets and liabilities:
Accounts receivable				3	18
Inventories				2	(1)
Royalty advances				(15)	(18)
Accounts payable and accrued liabilities				154	(93)
Royalty payables				51	(55)
Deferred revenue				(29)	18
Other balance sheet changes				(2)	(6)
Net cash provided by operating activities				346	70
Cash flows from investing activities
Acquisition of music publishing rights, net				(11)	(8)
Capital expenditures				(22)	(38)
Investments and acquisitions of businesses, net				(5)	(9)
Proceeds from divestiture of asset				4
Net cash provided by (used in) investing activities				(34)	(55)
Cash flows from financing activities
Distribution to noncontrolling interest holder					(1)
Change in due to (from) issuer				(196)	(16)
Net cash used in financing activities				(196)	(17)
Net increase in cash and equivalents				116	(2)
Cash and equivalents at beginning of period				73	26
Cash and equivalents at end of period		189	24	189	24
Non-Guarantor Subsidiaries | Reportable Legal Entities
Cash flows from operating activities
Net (loss) income		(6)	28	53	(25)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization				105	112
Unrealized losses and remeasurement of foreign denominated loans				14	(120)
Deferred income taxes				(15)	(17)
Gain on sale of real estate				(24)
Net (gain) loss on sale of assets and business				(6)
Changes in operating assets and liabilities:
Accounts receivable				(10)	(2)
Inventories				1	(2)
Royalty advances				(36)	(37)
Accounts payable and accrued liabilities				(173)	20
Royalty payables				52	90
Deferred revenue				(6)	21
Other balance sheet changes				15	14
Net cash provided by operating activities				(30)	54
Cash flows from investing activities
Acquisition of music publishing rights, net				(3)	(4)
Capital expenditures				(9)	(13)
Investments and acquisitions of businesses, net				(18)	(7)
Proceeds from sale of asset and divestiture of business				23
Proceeds from the sale of real estate				42
Net cash provided by (used in) investing activities				35	(24)
Cash flows from financing activities
Distribution to noncontrolling interest holder				(4)	(2)
Repayment of capital lease obligations				(14)
Net cash used in financing activities				(18)	(4)
Repayment of capital lease obligations					(2)
Effect of exchange rate changes on cash and equivalents				(4)	(13)
Net increase in cash and equivalents				(17)	13
Cash and equivalents at beginning of period				173	131
Cash and equivalents at end of period		156	144	156	144
WMG Acquisition Corp. Consolidated | Reportable Legal Entities
Cash flows from operating activities
Net (loss) income		(3)	(38)	52	(49)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization				225	233
Unrealized losses and remeasurement of foreign denominated loans				12	19
Deferred income taxes				(15)	(17)
Gain on sale of real estate				(24)
Loss on extinguishment of debt				(1)
Net (gain) loss on sale of assets and business				(8)
Non-cash interest expense				7	7
Non-cash share-based compensation expense				9
Equity (gains) losses, including distributions					(1)
Changes in operating assets and liabilities:
Accounts receivable				(7)	16
Inventories				3	(3)
Royalty advances				(51)	(55)
Accounts payable and accrued liabilities				(47)	(86)
Royalty payables				103	35
Accrued interest				(6)	(7)
Deferred revenue				(35)	39
Other balance sheet changes				10	7
Net cash provided by operating activities				227	138
Cash flows from investing activities
Acquisition of music publishing rights, net				(14)	(12)
Capital expenditures				(31)	(51)
Investments and acquisitions of businesses, net				(23)	(16)
Divestitures, net of cash on hand				27
Proceeds from the sale of real estate				42
Net cash provided by (used in) investing activities				1	(79)
Cash flows from financing activities
Dividend by Acquisition Corp. to Holdings Corp.				(73)	(20)
Proceeds from the Revolving Credit Facility					258
Repayment of the Revolving Credit Facility					(258)
Repayment of Acquisition Corp. Senior Term Loan Facility				(10)	(10)
Distribution to noncontrolling interest holder				(4)	(3)
Repayment of capital lease obligations				(14)
Net cash used in financing activities				(125)	(35)
Repayment of capital lease obligations					(2)
Effect of exchange rate changes on cash and equivalents				(4)	(13)
Net increase in cash and equivalents				99	11
Cash and equivalents at beginning of period				246	157
Cash and equivalents at end of period		345	168	345	168
WMG Acquisition Corp. Consolidated | Reportable Legal Entities | 6.75% Senior Notes
Cash flows from financing activities
Repayment of Senior Notes				(24)
Holdings Company | 13.75% Senior Notes due 2019
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Loss on extinguishment of debt	$ 5
Cash flows from financing activities
Repayment of Senior Notes	$ (50)
Holdings Company | Reportable Legal Entities
Cash flows from operating activities
Net (loss) income		(9)	(44)	29	(68)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Loss on extinguishment of debt				5
Non-cash interest expense				1	1
Equity (gains) losses, including distributions		5	39	(48)	52
Changes in operating assets and liabilities:
Accrued interest				(7)	(5)
Net cash provided by operating activities				(20)	(20)
Cash flows from financing activities
Dividend by Acquisition Corp. to Holdings Corp.				73	20
Call premiums paid on early redemption of debt				(3)
Net cash used in financing activities				20	20
Holdings Company | Reportable Legal Entities | 13.75% Senior Notes due 2019
Cash flows from financing activities
Repayment of Senior Notes				(50)
Warner Music Group Corp. | Reportable Legal Entities
Cash flows from operating activities
Net (loss) income		(9)	(44)	29	(68)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Equity (gains) losses, including distributions		$ 9	$ 44	$ (29)	$ 68