EX-25.1 123 d219435dex251.htm FORM T-1 Form T-1

Exhibit 25.1

 

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM T-1

 

 

STATEMENT OF ELIGIBILITY

UNDER THE TRUST INDENTURE ACT OF 1939 OF A

CORPORATION DESIGNATED TO ACT AS TRUSTEE

 

¨ CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b) (2)

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

(Exact name of trustee as specified in its charter)

 

 

 

A National Banking Association   94-1347393

(Jurisdiction of incorporation or

organization if not a U.S. national bank)

  

(I.R.S. Employer

Identification No.)

101 North Phillips Avenue

Sioux Falls, South Dakota

   57104
(Address of principal executive offices)   (Zip code)

Wells Fargo & Company

Law Department, Trust Section

MAC N9305-175

Sixth Street and Marquette Avenue, 17th Floor

Minneapolis, Minnesota 55479

(612) 667-4608

(Name, address and telephone number of agent for service)

 

 

Warner Music Group Corp.

(Exact name of obligor as specified in its charter)

 

 

 

Delaware   13-4271875

(State or other jurisdiction of

incorporation or organization)

  

(I.R.S. Employer

Identification No.)

WMG Acquisition Corp.

(Exact name of obligor as specified in its charter)

(See table of additional guarantors)

 

Delaware   68-0576630

(State or other jurisdiction of

incorporation or organization)

  

(I.R.S. Employer

Identification No.)

75 Rockefeller Plaza

New York, New York

   10019
(Address of principal executive offices)   (Zip code)

 

 

11.50% Senior Notes due 2018

Guarantees of 11.50% Senior Notes due 2018

by Warner Music Group Corp.

Guarantees of 11.50% Senior Notes due 2018

By subsidiary guarantors

(Title of the indenture securities)

 

 

 

Table of Additional Guarantors

 

Exact Name of Obligor Guarantor
as Specified in its Charter*

        

State or Other
Jurisdiction of
Formation

    I.R.S. Employer
Identification Number

Warner Music Group Corp.

    Parent Guarantor    Delaware    13-4271875

A.P. Schmidt Co.

    Subsidiary Guarantor    Delaware    36-2669470

Atlantic Recording Corporation

    Subsidiary Guarantor    Delaware    13-2597725

Atlantic/143 L.L.C.

    Subsidiary Guarantor    Delaware    13-3975703

Atlantic Mobile LLC

    Subsidiary Guarantor    Delaware    N/A

Atlantic/MR Ventures Inc.

    Subsidiary Guarantor    Delaware    13-3684268

Atlantic Productions LLC

    Subsidiary Guarantor    Delaware    20-8521163

Atlantic Scream LLC

    Subsidiary Guarantor    Delaware    41-2264144

Alternative Distribution Alliance

    Subsidiary Guarantor    New York    13-3713732

Artist Arena International, LLC

    Subsidiary Guarantor    New York    N/A

Artist Arena LLC

    Subsidiary Guarantor    New York    N/A

Asylum Records LLC (f/k/a WEA Urban LLC)

    Subsidiary Guarantor    Delaware    86-1120251

Atlantic Pix LLC

    Subsidiary Guarantor    Delaware    32-0290208

BB Investments LLC

    Subsidiary Guarantor    Delaware    20-2657459

Big Beat Records Inc.

    Subsidiary Guarantor    Delaware    13-3626173

Bulldog Entertainment Group LLC

    Subsidiary Guarantor    Delaware    N/A

Bulldog Island Events LLC

    Subsidiary Guarantor    New York    N/A

Bute Sound LLC

    Subsidiary Guarantor    Delaware    13-4032642

Cafe Americana Inc.

    Subsidiary Guarantor    Delaware    13-3246931

Chappell & Intersong Music Group (Australia) Limited

    Subsidiary Guarantor    Delaware    13-3395886

Chappell & Intersong Music Group (Germany) Inc.

    Subsidiary Guarantor    Delaware    13-3246911

Chappell Music Company, Inc.

    Subsidiary Guarantor    Delaware    13-3325475

Choruss LLC (f/k/a Network Licensing Collection LLC)

    Subsidiary Guarantor    Delaware    33-1200387

Exact Name of Obligor Guarantor

as Specified in its Charter*

         State or Other
Jurisdiction of
Formation		    I.R.S. Employer
Identification Number

Cordless Recordings LLC

    Subsidiary Guarantor    Delaware    20-2657388

Cota Music, Inc.

    Subsidiary Guarantor    New York    13-3523591

Cotillion Music, Inc.

    Subsidiary Guarantor    Delaware    13-2597937

CRK Music Inc.

    Subsidiary Guarantor    Delaware    13-3663052

E/A Music, Inc.

    Subsidiary Guarantor    Delaware    13-3203221

East West Records LLC

    Subsidiary Guarantor    Delaware    86-1120258

Eleksylum Music, Inc.

    Subsidiary Guarantor    Delaware    13-3174021

Elektra/Chameleon Ventures Inc.

    Subsidiary Guarantor    Delaware    13-3626113

Elektra Entertainment Group Inc.

    Subsidiary Guarantor    Delaware    13-4033729

Elektra Group Ventures Inc.

    Subsidiary Guarantor    Delaware    13-3808252

EN Acquisition Corp.

    Subsidiary Guarantor    Delaware    20-1118091

FBR Investments LLC

    Subsidiary Guarantor    Delaware    20-8491174

Ferret Music Holdings LLC

    Subsidiary Guarantor    Delaware    26-0306325

Fiddleback Music Publishing Company, Inc.

    Subsidiary Guarantor    Delaware    13-2705484

Foz Man Music LLC

    Subsidiary Guarantor    Delaware    13-4028790

Fueled By Ramen LLC

    Subsidiary Guarantor    Delaware    26-1653472

Inside Job, Inc.

    Subsidiary Guarantor    New York    13-2699020

Insound Acquisition Inc. (f/k/a Atlantic/MR II Inc.)

    Subsidiary Guarantor    Delaware    13-3845524

Intersong U.S.A., INC.

    Subsidiary Guarantor    Delaware    13-3246932

Jadar Music Corp.

    Subsidiary Guarantor    Delaware    13-3246915

Lava Records LLC

    Subsidiary Guarantor    Delaware    01-0699083

Lava Trademark Holding Company LLC

    Subsidiary Guarantor    Delaware    13-4139472

LEM America, Inc.

    Subsidiary Guarantor    Delaware    94-2741964

London-Sire Records Inc.

    Subsidiary Guarantor    Delaware    13-3954692

Exact Name of Obligor Guarantor

as Specified in its Charter*

         State or Other
Jurisdiction of
Formation		    I.R.S. Employer
Identification Number

Made of Stone LLC (f/k/a Griffen Corp.)

    Subsidiary Guarantor    Delaware    80-0362760

Maverick Partner Inc.

    Subsidiary Guarantor    Delaware    20-5440714

McGuffin Music Inc.

    Subsidiary Guarantor    Delaware    13-3663051

Mixed Bag Music, Inc.

    Subsidiary Guarantor    New York    13-3111989

MM Investment Inc. (f/k/a Warner Music Bluesky Holding Inc.)

    Subsidiary Guarantor    Delaware    13-3829389

NC Hungary Holdings Inc.

    Subsidiary Guarantor    Delaware    05-0536079

New Chappell Inc.

    Subsidiary Guarantor    Delaware    13-3246920

Nonesuch Records Inc.

    Subsidiary Guarantor    Delaware    20-1926784

Non-Stop Music Holdings, Inc.

    Subsidiary Guarantor    Delaware    26-0635758

NVC International Inc.

    Subsidiary Guarantor    Delaware    51-0267089

Octa Music, Inc.

    Subsidiary Guarantor    New York    13-3523592

P & C Publishing LLC

    Subsidiary Guarantor    New York    N/A

Penalty Records, L.L.C.

    Subsidiary Guarantor    New York    13-3889367

Pepamar Music Corp.

    Subsidiary Guarantor    New York    13-2512410

Perfect Game Recording Company LLC

    Subsidiary Guarantor    Delaware    20-3809604

Restless Acquisition Corp.

    Subsidiary Guarantor    Delaware    72-1554441

Revelation Music Publishing Corporation

    Subsidiary Guarantor    New York    13-2705483

Rhino Entertainment Company

    Subsidiary Guarantor    Delaware    13-3647166

Rhino/FSE Holdings, LLC

    Subsidiary Guarantor    Delaware    37-1558190

Rhino Name & Likeness Holdings, LLC

    Subsidiary Guarantor    Delaware    32-0226568

Rick’s Music Inc.

    Subsidiary Guarantor    Delaware    13-3246929

Rightsong Music Inc.

    Subsidiary Guarantor    Delaware    13-3246926

Roadrunner Records, Inc.

    Subsidiary Guarantor    New York    13-3333675

Ryko Corporation

    Subsidiary Guarantor    Delaware    04-3254264

SR/MDM Venture Inc.

    Subsidiary Guarantor    Delaware    13-3647169

Super Hype Publishing, Inc.

    Subsidiary Guarantor    New York    13-2664278

Exact Name of Obligor Guarantor

as Specified in its Charter*

         State or Other
Jurisdiction of
Formation		    I.R.S. Employer
Identification Number

T-Boy Music, L.L.C.

    Subsidiary Guarantor    New York    13-3669372

T-Girl Music, L.L.C.

    Subsidiary Guarantor    New York    13-3669731

The All Blacks USA Inc.

    Subsidiary Guarantor    Delaware    52-2115774

The Biz LLC

    Subsidiary Guarantor    Delaware    32-0158413

The Rhythm Method Inc.

    Subsidiary Guarantor    Delaware    13-4141258

Tommy Boy Music, Inc.

    Subsidiary Guarantor    New York    13-3070723

Tommy Valando Publishing Group, Inc.

    Subsidiary Guarantor    Delaware    13-2705485

TW Music Holdings Inc.

    Subsidiary Guarantor    Delaware    20-0769163

T.Y.S., Inc.

    Subsidiary Guarantor    New York    13-3955956

Unichappell Music Inc.

    Subsidiary Guarantor    Delaware    13-3246914

Upped.com LLC (f/k/a Big Tree Recording Corporation)

    Subsidiary Guarantor    Delaware    13-2945275

Walden Music Inc.

    Subsidiary Guarantor    New York    13-6125056

Warner Alliance Music Inc.

    Subsidiary Guarantor    Delaware    95-4391760

Warner Brethren Inc.

    Subsidiary Guarantor    Delaware    95-4391762

Warner Bros. Music International Inc.

    Subsidiary Guarantor    Delaware    13-2839469

Warner Bros. Records Inc.

    Subsidiary Guarantor    Delaware    95-1976532

Warner/Chappell Music, Inc.

    Subsidiary Guarantor    Delaware    13-3246913

Warner/Chappell Production Music Inc (f/k/a/ Tri-Chappell Music Inc.)

    Subsidiary Guarantor    Delaware    13-3246916

Warner Domain Music Inc.

    Subsidiary Guarantor    Delaware    13-3845523

Warner-Elektra-Atlantic Corporation

    Subsidiary Guarantor    New York    13-6170726

Warner Music Discovery Inc.

    Subsidiary Guarantor    Delaware    13-3695120

Warner Music Distribution LLC

    Subsidiary Guarantor    Delaware    13-3713729

Warner Music Inc. (f/k/a Warner Music Group Inc.)

    Subsidiary Guarantor    Delaware    13-3565869

Warner Music Latina Inc.

    Subsidiary Guarantor    Delaware    13-3586626

Warner Music SP Inc.

    Subsidiary Guarantor    Delaware    13-3802269

Exact Name of Obligor Guarantor

as Specified in its Charter*

        

State or Other
Jurisdiction of
Formation

   

I.R.S. Employer
Identification Number

Warner Sojourner Music Inc.

    Subsidiary Guarantor    Delaware    62-1530861

WarnerSongs, Inc.

    Subsidiary Guarantor    Delaware    13-2793164

Warner Special Products Inc.

    Subsidiary Guarantor    Delaware    13-2788802

Warner Strategic Marketing Inc.

    Subsidiary Guarantor    Delaware    01-0569802

Warprise Music Inc.

    Subsidiary Guarantor    Delaware    13-3845521

WB Gold Music Corp.

    Subsidiary Guarantor    Delaware    13-3155100

WBM/House of Gold Music, Inc.

    Subsidiary Guarantor    Delaware    13-3146335

W.B.M. Music Corp.

    Subsidiary Guarantor    Delaware    13-3166007

WBR Management Services Inc.

    Subsidiary Guarantor    Delaware    13-3032834

WBR/QRI Venture, Inc.

    Subsidiary Guarantor    Delaware    13-3647168

WBR/Ruffnation Ventures, Inc.

    Subsidiary Guarantor    Delaware    13-4079805

WBR/Sire Ventures Inc.

    Subsidiary Guarantor    Delaware    13-2953720

WEA Europe Inc.

    Subsidiary Guarantor    Delaware    13-2805638

WEA Inc.

    Subsidiary Guarantor    Delaware    13-3862485

WEA International Inc.

    Subsidiary Guarantor    Delaware    13-2805420

WEA Management Services Inc.

    Subsidiary Guarantor    Delaware    52-2280908

WMG Artist Brand LLC

    Subsidiary Guarantor    Delaware    20-8437773

WMG Management Services Inc.

    Subsidiary Guarantor    Delaware    52-2314190

WMG Trademark Holding Company LLC

    Subsidiary Guarantor    Delaware    20-0233769

615 Music Library, LLC

    Subsidiary Guarantor    Tennessee    N/A

Berna Music, Inc.

    Subsidiary Guarantor    California    95-2565721

Ferret Music LLC

    Subsidiary Guarantor    New Jersey    N/A

Ferret Music Management LLC

    Subsidiary Guarantor    New Jersey    N/A

Ferret Music Touring LLC

    Subsidiary Guarantor    New Jersey    N/A

FHK, Inc.

    Subsidiary Guarantor    Tennessee    62-1548343

Exact Name of Obligor Guarantor

as Specified in its Charter*

         

State or Other
Jurisdiction of
Formation

   

I.R.S. Employer
Identification Number

Foster Frees Music, Inc.

    Subsidiary Guarantor    California    95-3297348

J. Ruby Productions, Inc.

    Subsidiary Guarantor    California    95-3473976

Maverick Recording Company

    Subsidiary Guarantor    California    95-4373009

Non-Stop Cataclysmic Music, LLC

    Subsidiary Guarantor    Utah    26-1339620

Non-Stop International Publishing, LLC

    Subsidiary Guarantor    Utah    26-1339660

Non-Stop Music Library, LC

    Subsidiary Guarantor    Utah    87-0527735

Non-Stop Music Publishing, LLC

    Subsidiary Guarantor    Utah    23-1339523

Non-Stop Outrageous Publishing, LLC

    Subsidiary Guarantor    Utah    26-1339694

Non-Stop Productions, LLC

    Subsidiary Guarantor    Utah    26-1339453

Rep Sales, Inc.

    Subsidiary Guarantor    Minnesota    41-1766770

Rodra Music, Inc.

    Subsidiary Guarantor    California    95-2561531

Rykodisc, Inc.

    Subsidiary Guarantor    Minnesota    41-1516587

Rykomusic, Inc.

    Subsidiary Guarantor    Minnesota    41-1660484

Sea Chime Music, Inc.

    Subsidiary Guarantor    California    95-3335535

Six-Fifteen Music Productions, Inc.

    Subsidiary Guarantor    Tennessee    62-1253560

Summy-Birchard, Inc.

    Subsidiary Guarantor    Wyoming    36-1026750

Warner/Chappell Music (Services), Inc.

    Subsidiary Guarantor    New Jersey    95-2685983

Warner Custom Music Corp.

    Subsidiary Guarantor    California    94-2990925

Warner Music Nashville LLC

    Subsidiary Guarantor    Tennessee    30-0583729

Warner-Tamerlane Publishing Corp.

    Subsidiary Guarantor    California    13-6132127

WB Music Corp.

    Subsidiary Guarantor    California    13-6132128

Wide Music, Inc.

    Subsidiary Guarantor    California    95-3500269

 

* The address including zip code and telephone number including area code for each Additional Registrant is 75 Rockefeller Plaza, New York, New York 10019, (212) 275-2000.

Item 1. General Information. Furnish the following information as to the trustee:

 

  (a) Name and address of each examining or supervising authority to which it is subject.

Comptroller of the Currency

Treasury Department

Washington, D.C.

Federal Deposit Insurance Corporation

Washington, D.C.

Federal Reserve Bank of San Francisco

San Francisco, California 94120

 

  (b) Whether it is authorized to exercise corporate trust powers.

The trustee is authorized to exercise corporate trust powers.

Item 2. Affiliations with Obligor. If the obligor is an affiliate of the trustee, describe each such affiliation.

None with respect to the trustee.

No responses are included for Items 3-14 of this Form T-1 because the obligor is not in default as provided under Item 13.

Item 15. Foreign Trustee.             Not applicable.

Item 16. List of Exhibits.             List below all exhibits filed as a part of this Statement of Eligibility.

 

Exhibit 1.

    A copy of the Articles of Association of the trustee now in effect.*

Exhibit 2.

    A copy of the Comptroller of the Currency Certificate of Corporate Existence and Fiduciary Powers for Wells Fargo Bank, National Association, dated February 4, 2004.**

Exhibit 3.

    See Exhibit 2

Exhibit 4.

    Copy of By-laws of the trustee as now in effect.***

Exhibit 5.

    Not applicable.

Exhibit 6.

    The consent of the trustee required by Section 321(b) of the Act.

Exhibit 7.

    A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority.

Exhibit 8.

    Not applicable.

Exhibit 9.

    Not applicable.

* Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form S-4 dated December 30, 2005 of file number 333-130784-06.

 

** Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form T-3 dated March 3, 2004 of file number 022-28721.

 

*** Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit 25 to the Form S-4 dated May 26, 2005 of file number 333-125274.

SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Wells Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of New York and State of New York on the 6th day of January, 2012.

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

/S/ Raymond Delli Colli

Raymond Delli Colli
Vice President

EXHIBIT 6

January 6, 2012

Securities and Exchange Commission

Washington, D.C. 20549

Gentlemen:

In accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, the undersigned hereby consents that reports of examination of the undersigned made by Federal, State, Territorial, or District authorities authorized to make such examination may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

 

Very truly yours,
WELLS FARGO BANK, NATIONAL ASSOCIATION

/S/ Raymond Delli Colli

Raymond Delli Colli

Vice President

EXHIBIT 7

Consolidated Report of Condition of

Wells Fargo Bank National Association

of 101 North Phillips Avenue, Sioux Falls, SD 57104

And Foreign and Domestic Subsidiaries,

at the close of business September 30, 2011, filed in accordance with 12 U.S.C. §161 for National Banks.

 

            Dollar
Amounts In
Millions		  

ASSETS

      

Cash and balances due from depository institutions:

      

Noninterest-bearing balances and currency and coin

       $ 18,415   

Interest-bearing balances

         68,507   

Securities:

      

Held-to-maturity securities

         0   

Available-for-sale securities

         172,686   

Federal funds sold and securities purchased under agreements to resell:

      

Federal funds sold in domestic offices

         859   

Securities purchased under agreements to resell

         17,996   

Loans and lease financing receivables:

      

Loans and leases held for sale

         28,871   

Loans and leases, net of unearned income

      700,233      

LESS: Allowance for loan and lease losses

      16,825      

Loans and leases, net of unearned income and allowance

         683,408   

Trading Assets

         38,062   

Premises and fixed assets (including capitalized leases)

         8,098   

Other real estate owned

         4,769   

Investments in unconsolidated subsidiaries and associated companies

         518   

Direct and indirect investments in real estate ventures

         108   

Intangible assets

      

Goodwill

         21,171   

Other intangible assets

         23,005   

Other assets

         55,781   
     

 

 

  

Total assets

       $ 1,142,254   
     

 

 

  

LIABILITIES

      

Deposits:

      

In domestic offices

       $ 797,541   

Noninterest-bearing

      202,607      

Interest-bearing

      594,934      

In foreign offices, Edge and Agreement subsidiaries, and IBFs

         87,450   

Noninterest-bearing

      1,897      

Interest-bearing

      85,553      

Federal funds purchased and securities sold under agreements to repurchase:

      

Federal funds purchased in domestic offices

         5,657   

Securities sold under agreements to repurchase

         12,477   

Trading liabilities

         23,501   

Other borrowed money
(includes mortgage indebtedness and obligations under capitalized leases)

         35,308   

Subordinated notes and debentures

         18,407   

Other liabilities

         37,319   
     

 

 

  

Total liabilities

       $ 1,017,660   

EQUITY CAPITAL

      

Perpetual preferred stock and related surplus

         0   

Common stock

         519   

Surplus (exclude all surplus related to preferred stock)

         99,254   

Retained earnings

         18,795   

Accumulated other comprehensive income

         4,823   

Other equity capital components

         0   
     

 

 

  

Total bank equity capital

         123,391   

Noncontrolling (minority) interests in consolidated subsidiaries

         1,203   
     

 

 

  

Total equity capital

         124,594   
     

 

 

  

Total liabilities, and equity capital

       $ 1,142,254   
     

 

 

  

I, Timothy J. Sloan, EVP & CFO of the above-named bank do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge and belief.

 

Timothy J. Sloan

EVP & CFO    

We, the undersigned directors, attest to the correctness of this Report of Condition and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.

 

John Stumpf    Directors
Carrie Tolstedt   
Avid Modjtabai