CBS Resurrectes CBS Records For Soundtracks
CBS Corp. has brought the long-defunct CBS Records back from the dead to release music and promote artists on its networks stable of television shows. CBS Records aims to market its artists and their music in television shows produced by CBS Paramount Television and aired across several broadcast and cable networks, including CBS, The CW, NBC and USA Network, New York-based CBS Corp. “With more consumers choosing the online download...
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,...
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