Warner Music Group announced a deal Thursday to buy 300 Entertainment, which is home to top artists Megan Thee Stallion, Young Thug, Fetty Wap and Mary J.Blige.
300 Entertainment will retain its “independent identity,” according to the announcement, and co-founder and CEO Kevin Liles will be promoted to CEO and chairman of a new division that puts Elektra Music Group under the 300 umbrella.
Liles called the acquisition “a natural evolution” and said the group plans to “take our artists and labels to a whole new global level.”
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