Earlier this week Warner Music Group announced that they are going to acquire Roadrunner Music Group.
http://www.wmg.com/news/article/?id=8a0af8120f88d9f4010f956206405504
12/18/2006
Warner Music Group Corp. (NYSE: WMG) today announced it has signed a definitive agreement to acquire 73.5 percent of Roadrunner Music Group B.V., which includes Roadrunner Records, one of the leading hard rock and heavy metal labels, for $73.5 million in purchase price and other considerations.
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The company has enjoyed strong momentum over the past several years. This year alone, Roadrunner has increased its SoundScan market share in the Hard Music genre (which includes both Hard Rock and Heavy Metal) by more than two percentage points. The label’s multi-Platinum, Grammy-nominated artist, Nickelback, is responsible for the No. 1 Hard Music album for 2005 and year-to-date 2006 in the U.S.
In addition to Nickelback, Roadrunner’s roster includes multi-Platinum Grammy winner Slipknot, Grammy-nominated Stone Sour, Killswitch Engage, Theory of a Deadman, Megadeth, Black Label Society and Trivium, among others.
For more information about Roadrunner, visit: www.roadrunnerrecords.com
Roadrunner Records was the home of many influential Metal bands back in the 80’s and early 90’s. Sadly, for the past few years Nickleback was one of their best sellers. Nickleback sold lots of records, but WHY?
I took a little bit of interest in this acquisition since the band I’m sorta working with just recently signed with Roadrunner Records.
