Roadrunner Records, the label of bands such as Fear Factory, Machine Head, and Slipknot, has long been known for its increasing transformation into a capitalist major label since the acquisition of 50% of all company shares by the Universal Music Group last year, where the bands are seen merely as profit generators. The future now seems to be set in stone, especially after the Warner Music Group announced that it has acquired a majority stake of 73.5 percent in the Dutch Roadrunner Music Group. The WMG is paying around 73.5 million US dollars (approximately 56 million euros) for this stake. There are expected to be no personnel changes as a result of the acquisition, which will be completed in January 2007. The plan is to continue the Roadrunner Music Group as an independent label within the Atlantic Records Group.
Source: WMG News
Source: WMG News
