WMG Completes Acquisition Of Roadrunner Music Group
January 29, 2007 at 10:57 AM (PT)
WARNER MUSIC GROUP today announced the completion of its acquisition of 73.5% of AMSTERDAM-based ROADRUNNER MUSIC GROUP B.V., which includes ROADRUNNER RECORDS. The ROADRUNNER acquisition was originally announced on DECEMBER 18 (NET NEWS 12/18) and has since received the necessary regulatory approval in GERMANY.
ROADRUNNER will operate as a freestanding label group within WMG's ATLANTIC RECORDS GROUP. ROADRUNNER Managing Director CEES WESSELS continues to run the company he founded.