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Warner Music Group Corp. (WMG) is one of the "Major labels" recording companies and the third-largest in the global music industry, after Universal Music Group (UMG) and Sony Music (SME). The company owns and operates some of the largest and most successful labels in the world, including Elektra Records, Reprise Records, Warner Records, Parlophone (formerly owned by EMI), and Atlantic Records. WMG also owns Warner Chappell Music, one of the world's largest music publishers. With a multibillion-dollar annual turnover, WMG employs more than 3,500 people and has operations in more than 50 countries throughout the world.Since August 2, 2018, WMG has expanded its business to digital media operation through its acquisition of Uproxx.