WMG Buys Dutch Metal Label

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Warner Music Group Corp. said it agreed to buy a majority stake in Roadrunner Music Group BV for $73.5 million.


The Dutch record label, which is known for its heavy metal lineup, will be a freestanding label within the Atlantic Records Group, Warner Music said.


Warner, based in New York but with significant Burbank operations, will get a 73.5 percent interest in Roadrunner, whose founder, Cees Wessels, will run the unit.


Roadrunner has seen its market share increase two percentage points in the last year, thanks to the strong-selling sophomore album, “All the Right Reasons,” from Canadian band Nickelback. The deal also brings bands Slipknot and Megadeth to Warner.

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