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post in: Songs, Beauty Date:17 Nov 2012, 04:59 views:3824
Oliver Heldens at Create Nightclub in Los Angeles. (Photo credit: naft Photography).
Warner Music Group has acquired Spinnin Records, the influential indie dance music label, along with its music publishing and artist management divisions. The deal is worth 100 million, according. Founded in 1999, Spinnin has a current roster that includes artists like.
Bassjackers, Fedde Le Grand, kshmr, Oliver Heldens, Quintino, Sam Feldt, and, tujamo. The label has previously released music by heavyweights like.
Afrojack, Bingo Players, Dimitri Vegas Like Mike, Martin Solveig, Martin Garrix, Nicky Romero, Tisto, Yellow Claw, and many others. Spinnin is home to much a variety of sub labels as well, such as Tistos Musical Freedom, Oliver Heldens Heldeep Records, Don Diablos Hexagon, kshmrs Dharma, among others.
As part of WMG, Spinnin will be run by its co-founder Roger de Graaf as CEO, who will work with Bart Cools, WMGs EVP, global A R and marketing, dance music. Co-founder Eelko van Kooten has decided to leave the music business to pursue interests in other industries.
De Graaf said in the statement: Spinnin has found the perfect home at Warner Music. Max, Stu, Bart, and the team really believe in our culture and commitment to artist development.
They share our vision for growing Spinnin by creating even bigger opportunities for our artists and their music. Its been an incredible journey so far and, as we look to the future, everyone at Spinnin Records would like to thank our close friend Eelko for everything hes done for our company, artists, and industry. His partnership and leadership mean he will forever be part of the Spinnin family.
Stu Bergen, CEO of WMG, added: Spinnin is a company built for the streaming age, where the line between a local and a global hit, as well as the distinction between marketing and commerce, is blurring. For both companies, this acquisition will open up new possibilities for our artists, expand our global reach, and bring in fresh thinking. We look forward to working alongside our new colleagues on behalf of Spinnins artists and songwriters.