Merger melds stellar stables
AMSTERDAM — Roadrunner, the Dutch-based music company that has offices worldwide, has bought out the Dutch-based Arcade Music Group for an undisclosed amount of money.
Arcade Music Group, which has offices across the Benelux and Scandinavia, as well as in Spain, is owned by Dutch publisher Wegener Arcade.
The takeover, by Roadrunner holding company WBG Holding, will create a 300 million guilder ($150 million) enterprise of two music outfits that, according to industry analysts, perfectly complement each other.
Roadrunner, who nets 40% of its revenue from the U.S., has a stable of top rock artists, including Type-O Negative and Sepultura, but has been keen to expand into other genres.
Arcade brings to the deal a raft of labels, including CNR Music, which specializes in MOR, as well as a lineup of top local artists, such as Golden Earring in Holland and Lutricia MacNeal in Scandinavia. The new company will be called Arcade Music.
Media Group out
The deal, expected to wrap Jan. 3, will not include Arcade Media Group, Wegener Arcade’s broadcast interests that the parent company is also looking to sell.
Among the interested buyers for the broadcast channels — which include successful TV music channel the Music Factory and radio stations Radio 10 Gold, Love Radio and the Business News Radio — is SBS Broadcasting, which already has two Dutch TV channels and one Dutch radio channel among its holdings.