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 Ended September 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

(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.