Warner Music Group has officially completed acquisition of Roadrunner Music Group today. The acquisitions was first announced back in Dember 2006.
From Warner Music Group Press Release:
http://www.wmg.com/news/article/?id=8a0af81210571b6e01106f1d6da60923
01/29/07
Warner Music Group Corp. (NYSE: WMG) today announced the completion of its acquisition of 73.5 percent of Amsterdam-based Roadrunner Music Group B.V., which includes Roadrunner Records, one of the leading hard rock and heavy metal labels.
The Roadrunner acquisition was originally announced on December 18, 2006. The transaction was subject to regulatory approval in Germany, which has now been obtained.
Warner Music Group essentially has both Megadeth and Metallica under it wings.
Currently there are four Major Record Labels:
- Universal Music Group
- Sony BMG Music Entertainment, Inc.
- Warner Music Group
- EMI Group