Warner Music Buys Roadrunner Records Majority Stake for $73.5 Million
Warner Music Group Corp., which owns Atlantic and the Warner Bros. record labels, disclosed that it will buy a 73.5 percent stake in the Roadrunner Music Group BV, which includes Roadrunner Records, for $73.5 million. The deal is expected to close in January. Netherlands-based Roadrunner Music Group will become a freestanding label group within WMG’s Atlantic Records Group. There will be no staff changes due to the acquisition,...
Legend, Pioneer & Founder of Atlantic Records, Ahmet Ertegun, Buried In Istanbul
Ahmet Ertegun, one of the modern music industry’s most influential figures who helped propel the likes of Ray Charles, Aretha Franklin and the Rolling Stones, has been laid to rest in his hometown after a religious service attended by politicians and artists alike. The 83-year-old Turkish-born founder of the legendary Atlantic Records label died last Thursday in New York, where he had been in a coma since October 29 after...
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