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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
WARNER MUSIC GROUP CORP.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $0.001 PER SHARE
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(Title of Class of Securities)
934550104
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(CUSIP Number)
DECEMBER 31, 2006
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(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed.
[_] Rule 13d-1(b)
[_] Rule 13d-1(c)
[X] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the reminder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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CUSIP No. 934550104 SCHEDULE 13G Page 2 of 13
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1. Name of Reporting Person:
Music Capital Partners, L.P.
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2. Check the Appropriate Box if a Member of a Group:
(a) [X]
(b) [_]
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3. SEC Use Only
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4. Citizenship or Place of Organization:
Cayman Islands
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5. Sole Voting Power: 14,195,929.7501
Number of
Shares ----------------------------------------------------
Beneficially 6. Shared Voting Power: -0-
Owned By
Each ----------------------------------------------------
Reporting 7. Sole Dispositive Power: 14,195,929.7501
Person
With ----------------------------------------------------
8. Shared Dispositive Power: -0-
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9. Aggregate Amount Beneficially Owned by Each Reporting Person:
14,195,929.7501
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10. Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares:
[_]
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11. Percent of Class Represented by Amount in Row (9):
9.5%
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12. Type of Reporting Person:
PN
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CUSIP No. 934550104 SCHEDULE 13G Page 3 of 13
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1. Name of Reporting Person:
Music Partners Capital Limited
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2. Check the Appropriate Box if a Member of a Group:
(a) [X]
(b) [_]
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3. SEC Use Only
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4. Citizenship or Place of Organization:
Cayman Islands
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5. Sole Voting Power: 14,195,929.7501
Number of
Shares ----------------------------------------------------
Beneficially 6. Shared Voting Power: -0-
Owned By
Each ----------------------------------------------------
Reporting 7. Sole Dispositive Power: 14,195,929.7501
Person
With ----------------------------------------------------
8. Shared Dispositive Power: -0-
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9. Aggregate Amount Beneficially Owned by Each Reporting Person:
14,195,929.7501
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10. Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares:
[_]
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11. Percent of Class Represented by Amount in Row (9):
9.5%
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12. Type of Reporting Person:
OO
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CUSIP No. 934550104 SCHEDULE 13G Page 4 of 13
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1. Name of Reporting Person:
Music Partners GP, LLC
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2. Check the Appropriate Box if a Member of a Group:
(a) [X]
(b) [_]
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3. SEC Use Only
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4. Citizenship or Place of Organization:
Cayman Islands
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5. Sole Voting Power: 14,195,929.7501
Number of
Shares ----------------------------------------------------
Beneficially 6. Shared Voting Power: -0-
Owned By
Each ----------------------------------------------------
Reporting 7. Sole Dispositive Power: 14,195,929.7501
Person
With ----------------------------------------------------
8. Shared Dispositive Power: -0-
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9. Aggregate Amount Beneficially Owned by Each Reporting Person:
14,195,929.7501
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10. Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares:
[_]
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11. Percent of Class Represented by Amount in Row (9):
9.5%
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12. Type of Reporting Person:
OO
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CUSIP No. 934550104 SCHEDULE 13G Page 5 of 13
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1. Name of Reporting Person:
Lexa-Music Capital, LLC
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2. Check the Appropriate Box if a Member of a Group:
(a) [X]
(b) [_]
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3. SEC Use Only
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4. Citizenship or Place of Organization:
Cayman Islands
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5. Sole Voting Power: 14,195,929.7501
Number of
Shares ----------------------------------------------------
Beneficially 6. Shared Voting Power: -0-
Owned By
Each ----------------------------------------------------
Reporting 7. Sole Dispositive Power: 14,195,929.7501
Person
With ----------------------------------------------------
8. Shared Dispositive Power: -0-
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9. Aggregate Amount Beneficially Owned by Each Reporting Person:
14,195,929.7501
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10. Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares:
[_]
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11. Percent of Class Represented by Amount in Row (9):
9.5%
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12. Type of Reporting Person:
OO
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CUSIP No. 934550104 SCHEDULE 13G Page 6 of 13
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1. Name of Reporting Person:
Edgar Bronfman, Jr.
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2. Check the Appropriate Box if a Member of a Group:
(a) [X]
(b) [_]
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3. SEC Use Only
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4. Citizenship or Place of Organization:
U.S.A.
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5. Sole Voting Power: 17,480,799.1783
Number of
Shares ----------------------------------------------------
Beneficially 6. Shared Voting Power: -0-
Owned By
Each ----------------------------------------------------
Reporting 7. Sole Dispositive Power: 17,480,799.1783
Person
With ----------------------------------------------------
8. Shared Dispositive Power: -0-
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9. Aggregate Amount Beneficially Owned by Each Reporting Person:
17,480,799.1783
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10. Check Box if the Aggregate Amount in Row (9) Excludes
Certain Shares:
[_]
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11. Percent of Class Represented by Amount in Row (9):
11.7%
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12. Type of Reporting Person:
IN
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CUSIP No. 934550104 SCHEDULE 13G Page 7 of 13
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Item 1. (a) NAME OF ISSUER
Warner Music Group Corp. (the "Company").
(b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
75 Rockefeller Plaza
New York, NY 10019
Item 2. (a) NAMES OF PERSONS FILING
This Statement is being filed on behalf of each of the
following persons (collectively, the "Reporting Persons")
(i) Music Capital Partners, L.P., a Cayman Islands
exempted limited partnership ( "Music Capital");
(ii) Music Partners Capital Limited, a Cayman Islands
exempted company ("Music Partners" and the general
partner of Music Capital);
(iii) Music Partners GP, LLC, a Delaware limited liability
company ("Music Partners GP" and the sole shareholder
of Music Partners);
(iv) Lexa-Music Capital, LLC, a Delaware limited liability
company ("Lexa-Music" and the managing member of Music
Partners GP); and
(v) Mr. Edgar Bronfman, Jr. ("Mr. Bronfman" and managing
member of Lexa-Music).
CUSIP No. 934550104 SCHEDULE 13G Page 8 of 13
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(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE
The address of the principal business offices of (i) Music
Capital, (ii) Music Partners, (iii) Music Partners GP and (iv)
Lexa-Music is 375 Park Avenue, 17th Floor, New York, NY 10152.
The address of the principal business office of Mr. Bronfman
is 75 Rockefeller Plaza, 30th Floor, New York, NY 10019.
(c) CITIZENSHIP
(i) Music Capital - a Cayman Islands exempted limited
partnership
(ii) Music Partners - a Cayman Islands exempted company
(iii) Music Partners GP- a Delaware limited liability
company
(iv) Lexa-Music - a Delaware limited liability company
(v) Mr. Bronfman - United States
(d) TITLE OF CLASS OF SECURITIES
Common Stock, par value $0.001 per share (the "Common Stock"
or "Shares")
(e) CUSIP NUMBER
934550104
CUSIP No. 934550104 SCHEDULE 13G Page 9 of 13
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Item 3. This statement is not being filed pursuant to either Rule 13d-1(b)
or 13d-2(b) or (c).
Item 4. OWNERSHIP.
(a) AMOUNT BENEFICIALLY OWNED:
(i) Each of Music Capital, Music Partners, Music
Partners GP and Lexa-Music may be deemed to beneficially
own an aggregate of 14,195,929.7501 Shares.
(ii) Mr. Bronfman may be deemed to beneficially own an
aggregate of 17,480,799.1783 Shares.
(b) PERCENTAGE OWNED:
Based on calculations made in accordance with Rule
13d-3(d), and there being 149,389,412.787 Shares
outstanding as of February 6, 2007, (i) each of Music
Capital, Music Partners, Music Partners GP and
Lexa-Music may be deemed to beneficially own
approximately 9.5% of the outstanding Common Stock and
(ii) Mr. Bronfman may be deemed to beneficially own
approximately 11.7% of the outstanding Common Stock.
(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:
(i) Each of Music Capital, Music Partners, Music
Partners GP and Lexa-Music may be deemed to have sole
power to direct the voting and disposition of
14,195,929.7501 Shares.
(ii) Mr. Bronfman may be deemed to have sole power to
direct the voting and disposition of 17,480,799.1783
Shares.
Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not applicable.
Item 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not applicable.
Item 7. IDENTIFICATION AND CLASSIFICATION OF SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not applicable.
CUSIP No. 934550104 SCHEDULE 13G Page 10 of 13
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Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Because of the stockholders agreement among Music Capital, Thomas H.
Lee Partners, L.P. and its affiliates ("THL"), Bain Capital and its
affiliates ("Bain Capital") and Providence Equity Partners, Inc. and
its affiliates ("Providence") and certain other parties, THL, Bain
Capital, Providence and Music Capital are deemed to be a group
pursuant to Rule 13d-5(b)(1) of the Securities Exchange Act of 1934,
as amended, with respect to the voting of the common stock. The
aggregate number of shares of common stock beneficially owned by the
members of the group based on available information is approximately
107,544,922, which represents approximately 72% of the outstanding
common stock.
See also Item 2.
Item 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
Item 10. CERTIFICATION
Not applicable.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]
CUSIP No. 934550104 SCHEDULE 13G Page 11 of 13
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SIGNATURES
After reasonable inquiry and to the best of our knowledge and
belief, the undersigned certify that the information set forth in this statement
is true, complete and correct.
Dated as of February 7, 2007
MUSIC CAPITAL PARTNERS, L.P.
By: Music Partners Capital Limited,
its General Partner
By: /s/ Gary Fuhrman
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Name: Gary Fuhrman
Title: Vice President
MUSIC PARTNERS CAPITAL LIMITED
By: /s/ Gary Fuhrman
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Name: Gary Fuhrman
Title: Vice President
MUSIC PARTNERS GP, LLC
By: /s/ Gary Fuhrman
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Name: Gary Fuhrman
Title: Vice President
CUSIP No. 934550104 SCHEDULE 13G Page 12 of 13
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LEXA-MUSIC CAPITAL, LLC
By: /s/ Edgar Bronfman, Jr.
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Name: Edgar Bronfman, Jr.
Title: Managing Member
/s/ Edgar Bronfman, Jr.
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Edgar Bronfman, Jr.
CUSIP No. 934550104 SCHEDULE 13G Page 13 of 13
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EXHIBIT INDEX
Exhibit 1.* Joint Filing Agreement as required by Rule 13d-1(k)(1) under
the Securities Exchange Act of 1934, as amended.
* Previously filed.