04:12 PM EDT, 07/02/2025 (MT Newswires) -- Warner Music Group ( WMG ) said late Tuesday it will reduce headcount and cut SG&A expenses under a restructuring plan expected to generate nearly $300 million in annual pre-tax cost savings by the end of fiscal 2027, aimed at reinvesting in music and supporting long-term growth.

Of the $200 million in cost savings tied to headcount and related SG&A reductions, about $130 million is expected by the end of fiscal 2026, with the remaining $70 million projected in fiscal 2027, the company said in a regulatory filing.

Warner Music ( WMG ) expects to incur most of the estimated $200 million in pre-tax, non-recurring charges, primarily related to severance payments, in fiscal 2026.

Shares of Warner Music Group ( WMG ) were up 4.7% in recent Wednesday trading.

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