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Kevin Liles-Led 300 Entertainment Sells To Warner Music For A Whopping $400M

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...