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Warner Music Group buys 300 Kevin Lies & Lyor Cohen entertainment for $400 million

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Warner Music Group (WMG) has buying 300 Entertainment, co-founded by Black CEO and Outstanding CEO Kevin Liles and Lyor Cohen.

300 Entertainment has a list that includes Megan Thee Stallion, who received the title of Best New Artist at this year’s Grammy Awards, Young Thug and his label Childhood life, Gunna, Wap of the fetus, very suspicious, Mary J. Blige, and many other artists.

With the recent acquisition, Liles will serve as president and chief executive officer of 300 and Elektra Music Group. The group Elektra will still be led by the co-chairs Mike Easterlin and Gregg Nadel, who will report to Liles.

Liles said in a written statement, “At 300, we are all about freedom – freedom to create, freedom to be creators and entrepreneurs, freedom to make music. change the world. Independence is in our DNA and the team at Warner is like a family, which makes it a natural evolution for us to run the larger family business. It’s the perfect home for our 300 artists and teams, as we invest in our independent vision and grow our global impact. Max, Julie, Gregg and Mike – these are the leaders we know and trust. They understand the value we place on independence, individuality and creativity. Together we will accomplish great things and take our artists and brands to a whole new global level. ”

Since its inception, 300 Entertainment has been distributed by Atlantic Records.

300 Entertainment was founded almost 10 years ago in 2012 by Liles and Cohen and co-founders Golden Roger and Todd Moscowitz.

Financial Times reported that the company has sold to Warner Music Group for more than $400 million, according to sources. “300 is a way of life and is in very good hands,” said Cohen, who now works at YouTube.

The 300 Entertainment affiliated activities have earned a total of four GRAMMY® Awards, 13 GRAMMY® Award nominations, Shorty Awards, nearly 200 gold, platinum, multi-platinum and diamond-certified singles. RIAA, and NAACP Awards, American Music Awards, BET Awards nominations and wins.

https://www.blackenterprise.com/warner-music-group-acquires-300-entertainment-in-400m-deal/ Warner Music Group buys 300 Kevin Lies & Lyor Cohen entertainment for $400 million

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