In connection with Mr. Zerza’s departure, the Company appointed Co-Chairman and COO of Warner Records, Tom Corson, to serve as the Company’s Chief Operating Officer, effective July 31, 2026. Mr. Corson will also continue to serve as Co-Chairman and COO of Warner Records for a transition period. Mr. Corson, age 66, has served as Co-Chairman and COO of Warner Records since January 2018. Mr. Corson came to the Company from RCA Music Group where he spent nearly 18 years, ascending to President & COO. He began his music industry career as a college intern at IRS Records. Upon graduating from UCLA with a B.A. in Business/Economics in 1982, he joined the label as Director of West Coast Sales. He moved to A&M Records in 1985, advancing to VP of Marketing. Mr. Corson spent 1990 to 1996 at Capitol Records, where he was SVP of Marketing. From 1996 to 2000, he was SVP of Marketing at Columbia Records.

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