Warner Music Group acquires Megan Thee Stallion’s music label

Media firm Warner Music Group mentioned Thursday it had acquired 300 Leisure, the music label behind artists akin to Megan Thee Stallion, Fetty Wap and Mary J. Blige.

An individual accustomed to the transaction mentioned the deal was price about $400 million.

300 Leisure was based by veteran music trade executives, together with Lyor Cohen, who’s presently the worldwide head of music at Google and YouTube at Alphabet Inc (GOOGL.O) and beforehand labored at Warner Music.

The deal would assist Warner Music develop the worldwide presence of 300 Leisure’s artist record.

The label continues to function independently and is led by co-founder Kevin Liles, based on Warner Music.

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