Warner Music Group Corp. — Director's Dealing 2007

May 8, 2007

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Warner Music Group Corp. (WMG)
CIK: 0001319161
Period of Report: 2007-05-04

Reporting Person: Robinson Paul M (General Counsel)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$6.2	2014-09-30	Common Stock, par value $0.001 per share (28467)		Direct

Footnotes

F1: Mr. Robinson's option has vested or is scheduled to become vested and exercisable in four equal installments on October 1, 2005, 2006, 2007 and 2008 provided that Mr. Robinson remains employed with the Company on each such date.