Warner Music Group announced Thursday that it has acquired the Dutch dance-music label Spinnin’ Records. Quite possibly the biggest Electronic Label in the world, Spinnin' has many sub-divisions – that includes music-publishing and management divisions, and has a current roster that includes Alok, Bassjackers, Oliver Heldens, Quintino, Throttle, Mike Williams, Sam Feldt & so many more top names in the EDM Scene. It also has deals with smaller labels including Tiesto’s Musical Freedom, Don Diablo’s Hexagon, and KSHMR’s Dharma, which are 3 of the most popular sub-labels in dance music. Terms of the deal were not disclosed, but Music Business Worldwide put the price at more than $100 million.
According to a release : Spinnin’ will continue to be run by its co-founder Roger de Graaf as CEO, who will work closely with Bart Cools, WMG’s EVP, Global A&R and Marketing of Dance Music. Co-founder Eelko van Kooten will step down from his roles in the company and “has decided to leave the music business to pursue interests in other industries.” The move comes less than a month before Warner Music UK chairman/CEO Max Lousada takes the helm as Warner Music’s new CEO of recorded music on Oct. 1, and continues the company’s international push.
What this means for Spinnin' Records we do not know, could it lead to bigger name releases? Could it lead to unreleased tracks finally seeing the light of day? Could this lead to more pop related releases? Who knows – but we will be seeing VERY shortly.
H/T – Music Business Worldwide