Warner Music buys Roadrunner Records

Warner Music Group Corp. last week (January 29th) announced the completion of it's acquisition of 73.5 percent of Amsterdam-based Roadrunner Music Group B.V., which includes Roadrunner Records, one of the leading hard rock and heavy metal labels.

The Roadrunner acquisition was originally announced on December 18th, 2006. The transaction was subject to regulatory approval in Germany, which has now been obtained.

Roadrunner will operate as a freestanding label group within WMG's Atlantic Records Group. Roadrunner Managing Director, Cees Wessels, continues to run the company he founded