Kevin Liles continues to make money moves in the music industry. 

In a recent press release, it was revealed that the independent label 300 Entertainment — which Liles heads up — has just been sold to Warner Music Group in a deal that’s reportedly worth $400 million.

As part of the deal, Kevin Liles will be appointed Chairman & CEO across 300 and Elektra Music Group. And while the day-to-day operations of Elektra — which distributes Fueled By Ramen, Roadrunner Records, Low Country Sound, DTA Records, and Public Consumption — will continue to be run by Co-Presidents Mike Easterlin and Gregg Nadel.

“At 300, we’re all about freedom – the freedom to create, the freedom to be intrapreneurs and entrepreneurs, the freedom to make music that changes the world,” he said in a statement provided in the press release. “Independence is in our DNA and the team at Warner is like family, which makes this a natural evolution for us to do bigger family business. It’s the perfect home for 300 artists and our team, as we invest in our independent vision and grow our global impact. Max, Julie, Gregg, and Mike – these are leaders we know and trust. They understand the value we place on independence, individuality, and creativity. We’re going to accomplish amazing things together and take our artists and labels to a whole new global level.”

Before his work with 300, Kevin Liles was President of Def Jam Recordings, Executive Vice President of the Island Def Jam Music Group, EVP of Warner Music Group, and Founder/CEO of KWL Enterprises.

Who's signed to 300 Entertainment?

According to Music Week, 300 Entertainment is home to several prominent Hip-Hop & R&B artists, including Megan Thee Stallion, Young Thug, and his label Young Stoner Life, Gunna, Fetty Wap, Highly Suspect, Mary J. Blige, and many others.

Prior to this deal, 300 was distributed by Atlantic Records.