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Roadrunner Music Group

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December 19, 2006 | From Bloomberg News
Warner Music Group Corp., home to artists including Madonna and James Blunt, agreed to buy a majority stake in heavy-metal label Roadrunner Music Group for $73.5 million. Roadrunner will be a free-standing label within the Atlantic Records Group, New York-based Warner Music said Monday. The company is getting a 73.5% interest in Amsterdam-based Roadrunner, founded by Cees Wessels in 1980. Wessels will run the unit and remain based in the Netherlands.
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BUSINESS
December 19, 2006 | From Bloomberg News
Warner Music Group Corp., home to artists including Madonna and James Blunt, agreed to buy a majority stake in heavy-metal label Roadrunner Music Group for $73.5 million. Roadrunner will be a free-standing label within the Atlantic Records Group, New York-based Warner Music said Monday. The company is getting a 73.5% interest in Amsterdam-based Roadrunner, founded by Cees Wessels in 1980. Wessels will run the unit and remain based in the Netherlands.
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