Sources Report: Warner Music Group Acquires Roadrunner Records
November 10, 2010 at 11:25 AM (PT)
Several sources have confirmed to ALL ACCESS that WARNER MUSIC GROUP has sent out an internal memo that announced the full acquisition of ROADRUNNER RECORDS.
For a number of years, WMG had held approximately 48% of the label.
Furthermore, the absorption of ROADRUNNER into WMG has initiated the process of layoffs to several ROADRUNNER staffers.
More details as we get them.