Warner Music Group Acquires 300 Entertainment
Warner Music Group announced on Thursday that it has purchased 300 Entertainment, the music label that signed Megan Thee Stallion, Fetty Wap, and Mary J. Blige.
The terms of the deal were not disclosed by the firm. The deal was worth around $400 million, according to a source close to the situation.
Lyor Cohen, who is currently the worldwide head of music at Alphabet Inc's Google and YouTube and was previously with Warner Music, was one of the founders of 300 Entertainment.