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Warner Music Group Completes Acquisition of Roadrunner Music Group
| Source: Warner Music Group
NEW YORK, NY and AMSTERDAM, NETHERLANDS -- (MARKET WIRE) -- January 29, 2007 --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.
Roadrunner will operate as a freestanding label group within WMG's Atlantic
Records Group. Roadrunner Managing Director, Cees Wessels, continues to
run the company he founded.
About Roadrunner Music Group
Initially founded in the Netherlands in 1980, Roadrunner Records has earned
its place as one of the most prominent international independent record
labels. The Roadrunner catalog boasts early releases from such seminal
artists as King Diamond, Type O Negative, Sepultura and Annihilator. More
recently, the label has experienced unprecedented success with
multi-platinum artists Nickelback and Slipknot, Gold-certified Stone Sour
and Killswitch Engage, as well as modern heavy hitters Black Label Society,
Trivium and Machine Head. Though primarily known as a metal and hard rock
label, Roadrunner's roster also includes acts such as The Dresden Dolls and
newcomers Madina Lake. Still headquartered in the Netherlands, Roadrunner
occupies offices in New York, now the A&R hub for the label, as well as the
United Kingdom, Canada, Germany, France, Japan and Australia. For more
information about Roadrunner, visit: www.roadrunnerrecords.com
About Warner Music Group
Warner Music Group became the only stand-alone music company to be publicly
traded in the United States in May 2005. With its broad roster of new
stars and legendary artists, Warner Music Group is home to a collection of
the best-known record labels in the music industry including Asylum,
Atlantic, Bad Boy, Cordless, East West, Elektra, Lava, Maverick, Nonesuch,
Reprise, Rhino, Roadrunner, Rykodisc, Sire, Warner Bros. and Word. Warner
Music International, a leading company in national and international
repertoire, operates through numerous international affiliates and
licensees in more than 50 countries. Warner Music Group also includes
Warner/Chappell Music, one of the world's leading music publishers.