Warner Music Group Corp. — Director's Dealing 2011

May 27, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Warner Music Group Corp. (wmg)
CIK: 0001319161
Period of Report: 2011-05-26

Reporting Person: Johnson David H (Chairman, Warner/Chappell)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-26	Common Stock, par value $0.001 per share	S	80000	$8.229	Disposed	20360	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $8.21 to $8.24 per share. The price reported above reflects the weighted average sale price.

F2: The Reporting Person hereby undertakes to provide upon request by the staff of the Securities and Exchange Commission, Warner Music Group Corp. or a security holder of Warner Music Group Corp., full information regarding the number of shares and prices at which each transaction was effected.