As expected, Warner Music Group has acquired 300 Entertainment, home to Megan Thee Stallion – who won Best New Artist at this year’s Grammy Awards — Young Thug and his label Young Stoner Life, Gunna, Fetty Wap, Highly Suspect, the newly signed “Queen of Hip-Hop Soul” Mary J. Blige, and others.Since its launch nearly a decade ago, 300 has been distributed by Atlantic Records, and the acquisition "represents the expansion of an already successful partnership," the announcement states. Terms of...
Atlantic Records
Julie
Greenwald
Chairman / COO
The No. 1 single Bruno Mars scored in his Silk Sonic pairing with Anderson .Paak is just the latest success he has enjoyed with Greenwald and co-chair Craig Kallman guiding his label’s ship. Aside from “Leave the Door Open” becoming his eighth No. 1 on the Hot 100, the Recording Industry Assn. of America announced in May that Mars has become the first act with five Diamond-certified singles (meaning 10 million units). This year also saw Cardi B score her fifth No. 1 on the Hot 100, Ed Sheeran notch his ninth Top 10 hit and Pooh Shiesty’s debut mixtape, released in February 2020, remain among the 20 most consumed albums of 2021 through September. All of these triumphs add up to Atlantic earning second-best market share in both album consumption and on-demand audio streams.