Warner Music Group
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Cardi B attends the Warner Music Group pre-Grammy party at The Grill / The Pool on Thursday, Jan. 25, 2018, in New York. (Photo by Evan Agostini/Invision/AP)

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FILE - In this Feb. 15, 2016 file photo, Miranda Kerr arrives at the Warner Music Group Grammy Awards After Party at Milk Studios in Los Angeles. Media reports say an intruder outside the mansion of Kerr has been shot by a security guard, and Kerr wasn't home at the time. A Los Angeles Sheriff's Department spokesman said that an intruder at a Malibu residence Friday, Oct. 14, was shot three times after he stabbed a security guard late-morning Friday. Sgt. Jeff Delrio said Saturday he could not immediately provide the home address or confirm that the property was Kerr's residence.(Photo by Rich Fury/Invision/AP)

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ASSOCIATED PRESS Eric Clapton (on album cover right) and Michael Buble (left) record for Warner Music Group Corp., which is being sold to Access Industries, owned by Lee Blavatnik, for $1.3 billion. Mr. Blavatnik had about a 2 percent stake in Warner already.

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Edgar Bronfman Jr. will remain CEO at Warner Music after the sale.

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A French court on Friday, Jan. 21, 2011, convicted and fined Warner Music Group chairman and CEO Edgar Bronfman Jr. for insider trading. (AP Photo/Mark Lennihan, file)