Warner Music In Talks With Netflix for Films About Its Stars (1)

Warner Music Group Corp. is close to an agreement with Netflix Inc. to create a slate of movies and documentaries based on the label’s artists and songs, according to people familiar with the matter.

The partnership would represent a shift in strategy for Warner Music, which closed a division that produced films and TV programs earlier this year as part of a cost-saving initiative. The company is now looking to outsource that work, said the people, who asked not to be named discussing information that’s not public.

Robert Kyncl, chief executive officer at Warner Music, ...