Lo Ting-Fai appointed as president of Warner Music APAC

HONG KONG - Warner Music Group (NASDAQ:WMG), a $15.7 billion market cap entertainment giant with annual revenues of $6.3 billion, announced Thursday the appointment of Lo Ting-Fai, known as Lofai, as President of Warner Music APAC, effective August 11. According to InvestingPro data, the company has maintained a strong dividend track record, currently offering a 2.4% yield.

Lofai will be based in Hong Kong and report directly to Robert Kyncl, CEO of WMG. In his new role, he will oversee all of the company’s recorded music territory heads across the Asia-Pacific region. The appointment comes as WMG maintains profitable operations, with $1.27 billion in EBITDA over the last twelve months.

The executive joins Warner Music from PCCW, where he most recently served as CEO of MakerVille, an entertainment company focused on content creation, artist management, and live events, as well as COO of Viu, a regional OTT streaming platform.

"I’m excited to be taking up this incredible role," said Lofai in a statement. "I look forward to collaborating with Robert and WMG’s teams around the world as we help more Asian artists hit the global stage."

Robert Kyncl, CEO of WMG, stated that Lofai "brings his creative flair, business acumen, and connections throughout the digital economy to this super important role."

Born and raised in Hong Kong, Lofai began his career in radio before working as a creative at advertising agencies including Wieden+Kennedy. He later served as Creative Director for Asia Pacific at Apple before joining PCCW in 2010. He has also written songs under the pseudonym "Yu Ri."

Lofai studied at the Chinese University of Hong Kong, the University of Oxford, and Harvard Business School.

The information in this article is based on a press release statement from Warner Music Group. InvestingPro analysis indicates the company is trading near its Fair Value, with analysts maintaining positive earnings forecasts. Discover more insights and 6 additional ProTips about WMG with an InvestingPro subscription, including detailed financial health metrics and expert analysis in the comprehensive Pro Research Report.

In other recent news, Warner Music Group has announced several developments that may interest investors. The company has appointed Alejandro Duque as president of ADA, its independent distribution and label services division. UBS has reiterated its Buy rating on Warner Music Group stock, with a price target of $38, citing potential benefits from changes in digital service provider payments and new monetization opportunities. BofA has upgraded Warner Music Group’s stock rating to Neutral, raising the price target to $33, due to improved visibility in its subscription streaming business following recent agreements with digital service providers like Spotify.

Additionally, Bernstein has raised its price target for Warner Music Group to $34, maintaining an Outperform rating. This adjustment comes ahead of the company’s third-quarter 2025 earnings report, with expectations aligned with consensus estimates. Bernstein also reaffirmed an Outperform rating with a $32 price target, highlighting a $1.2 billion joint venture with Bain Capital to enhance catalog purchasing power. These recent developments reflect Warner Music Group’s strategic maneuvers in digital streaming and catalog expansion.

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