Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Tanous William Lloyd
 2. Date of Event Requiring Statement (Month/Day/Year)
05/02/2008		 3. Issuer Name and Ticker or Trading Symbol
Warner Music Group Corp. [WMG]
(Last)
(First)
(Middle)
C/O WARNER MUSIC GROUP, 75 ROCKEFELLER PLAZA		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP, Chief Comm Officer
 5. If Amendment, Date Original Filed(Month/Day/Year)
05/12/2008
(Street)

NEW YORK, NY 10019		 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option   (1) 03/14/2018 Common stock, par value $0.001 per share 16,500 $ 5.29 D  
Stock Option   (2) 09/30/2014 Common Stock, par value $0.001 per share 28,467 $ 6.2 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Tanous William Lloyd
C/O WARNER MUSIC GROUP
75 ROCKEFELLER PLAZA
NEW YORK, NY 10019		       EVP, Chief Comm Officer  

Signatures

/s/ Trent Tappe as attorney-in-fact 05/13/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Mr Tanous' option has vested or is scheduled to become vested and exercisable in four equal installments on March 15, 2009, 2010, 2011 and 2012.
(2) Mr. Tanous' option has vested or is scheduled to be vested and exercisable in four equal installments on October 1, 2005, 2006, 2007 and 2008.
 
Remarks:
Reporting Person was designated an executive officer of Warner Music Group Corp. on May 2, 2008.
On May 12, 2008 the Reporting Person filed a Form 3 signed on behalf of the Reporting Person by another person.  This amendment includes the power of attorney establishing the authority of such person to sign the Form as attorney-in-fact, which is being filed as soon as practicable in this amendment as Exhibit 24.1 hereto.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

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