Exhibit 12.1



Warner Music Group Corp.



Computation of Ratio of Earnings to Fixed Charges

(Unaudited)



|                                                                       |  |                                     |      |   |                                      |   |     |                                       |  |   |                                      |   |  |   |      |  
|---------------------------------------------------------------------- |  | ----------------------------------- | ---- | - | ------------------------------------ | - | --- | ------------------------------------- |  | - | ------------------------------------ | - |  | - | ---- | -
|                                                                       |  | Ten Months Ended September 30, 2003 |      |   | Three Months Ended February 29, 2004 |   |     | Seven Months Ended September 30, 2004 |  |   | Twelve Months EndedSeptember 30,2005 |  
|                                                                       |  | (unaudited)                         |      |   | (audited)                            |   |     | (audited)                             |  |   | (audited)                            |  
|(Loss) Income before income taxes (1)                                  |  | $                                   | (268 | ) |                                      | $ | (15 | )                                     |  | $ | (208                                 | ) |  | $ | (114 | )
|Add:                                                                   |  |                                     |      |   |                                      |   |     |                                       |  |   |                                      |   |  |   |      |  
|Fixed charges                                                          |  |                                     | 50   |   |                                      |   | 8   |                                       |  |   | 99                                   |   |  |   | 149  |  
|Income as adjusted before income taxes                                 |  | $                                   | (218 | ) |                                      | $ | (7  | )                                     |  | $ | 25                                   |   |  | $ | 85   |  
|Fixed charges                                                          |  |                                     |      |   |                                      |   |     |                                       |  |   |                                      |   |  |   |      |  
|Interest expense                                                       |  |                                     | 36   |   |                                      |   | 4   |                                       |  |   | 91                                   |   |  |   | 132  |  
|Portion of rental expense representative of interest (2)               |  |                                     | 14   |   |                                      |   | 4   |                                       |  |   | 8                                    |   |  |   | 12   |  
|Preferred stock dividend requirements of consolidated subsidiaries (1) |  |                                     |     |   |                                      |   |    |                                       |  |   |                                     |   |  |   | 5    |  
|                                                                       |  |                                     |      |   |                                      |   |     |                                       |  |   |                                      |   |  |   |      |  
|Total fixed charges                                                    |  |                                     | 50   |   |                                      |   | 8   |                                       |  |   | 99                                   |   |  |   | 149  |  
|Deficiency in earnings over fixed charges                              |  | $                                   | (268 | ) |                                      | $ | (15 | )                                     |  | $ | (208                                 | ) |  | $ | (114 | )
|Ratio of earnings to fixed charges                                     |  |                                     | N/A  |   |                                      |   | N/A |                                       |  |   | N/A                                  |   |  |   | N/A  |  

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|(1) | The preferred stock dividend requirements of Holdings, a consolidated subsidiary, is included in fixed charges (i.e., the denominator of the ratio calculation) but excluded from the
numerator of the ratio calculation because such amount was not deducted in arriving at Warner Music Group Corp.s pre-tax income (loss) from continuing operations as defined. If Holdings did not incur fixed charges, the minority interest in
pre-tax income of Holdings would be subtracted in determining earnings.
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



|(2) | Estimated at 1/3 of total rent expense.
|--- | ---------------------------------------