Warner Music Group Purchases 300 Entertainment
Warner Music Group has reportedly purchased 300 Entertainment for over $400M.
300 Co-Founder & CEO, Kevin Liles, will be appointed to chairman and CEO of 300 and Elektra Music Group. 300 Entertainment is known for working with major acts such as Fetty Wap, Young Thug, Megan Thee Stallion & more.
Last month, Warner raised $535M to support acquisitions. 300 Entertainment was already distributed through Atlantic Records, making the move an “expansion of an already successful partnership,” according to Warner Music Group. WMG stated that 300 will stay independent and have its own team and separate office in New York.
