300 Entertainment label plans $ 400 million sale: report

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300 Entertainment is reportedly considering a sale of around $ 400 million.

300 Entertainment, the label that represents many of the biggest names in the rap game including Megan you stallion, Gunna, Migos, and Young thug, would consider a sale. Bloomberg reports that the owners are asking for $ 400 million in return, according to two people familiar with the negotiations.

The company hopes to take advantage of a booming market for musical assets.

Gerardo Mora / Getty Images

The label was founded by Lyor Cohen, Roger Gold, Kevin Liles and Todd Moscowitz in 2012.

Speaking to Music Business Worldwide in 2019, Liles discussed the group’s motivation to launch 300: “We wanted to create a disruptor, to say, ‘let’s cut out all the paperwork.’ We weren’t even calling ourselves a “label” – we’re a platform for entrepreneurs, artists, executives, creators to come together and do great things.

He added: “As I think about it now, [the launch] was like a Bat-Signal for freedom. The freedom to do what we wanted when we wanted to do it, with the people we wanted to do it with.

Liles also described them like the “new independents”.

“This is not the old way of thinking, it means being independent in the partnership, independent in the capitalization and independent in the collaboration,” he explained.

[Via]


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