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BMG Acquires RBC Records
September 13, 2018 at 10:13 AM (PT)
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BMG has acquired L.A.-based independent hip-hop/rap label RBC Records, the home to artists such as CHIEF KEEF, FLIPPA (aka SKIPPA DA FLIPPA), WAKA FLOCKA FLAME, BIG L, and GUCCI MANE. RBC’s existing team, based in LOS ANGELES, will remain in their positions and continue to report to RBC co-partner BRIAN SHAFTON, with SHAFTON reporting to BMG EVP/Recorded Music TOM ‘GROVER’ BIERY.
“We have an incredible amount of admiration for what BRIAN has been able to build and achieve independently and are very excited about what we can now go on to grow together," BMG U.S. Pres./Marketing & Repertoire ZACH KATZ said. "The RBC team brings a wealth of experience, an extraordinary entrepreneurial spirit, an unrivalled network and a great track record of success. Put that together with BMG’s scale and ability to deliver and I think you have something very special.”
“BMG respects our history, took notice of our immense growth over the past couple of years, and most importantly, are fully invested in our future," SHAFTON said. "We love BMG’s vision, team, and infrastructure. By joining forces, RBC will gain tremendous synergies that will allow us unbridled growth. I am so excited about this partnership and know that it will propel us into the future.”
“BMG understands the intrinsic value and experience RBC brings in its more than 16-year history in the hip-hop/rap game and BMG possesses a formidable machine to complement it," RBC co-partner BEN GROSSI said. "The depth and scale of what BMG brings to the table will allow RBC to achieve new heights.”
The first projects slated for release include new music from CHIEF KEEF and FLIPPA, with more to be announced soon.