Warner Music Group has announced that they have acquired the rest of Roadrunner Records. The major label took a majority stake back in 2007, but has purchased the remaining outstanding shares in the metal and hard rock label. Roadrunner CEO, and founder, Cees Wessels said this:
Since joining the Warner Music family, we have enjoyed some of our greatest creative and commercial successes as a label. Most importantly, we have retained our unique identity while also expanding our horizons, thanks in part to the tremendous expertise and experience we can tap into as part of the Warner Music family and the relationships we have built with our Warner Music colleagues around the world. I am very proud that Roadrunner is now a fully-fledged stable mate of such iconic labels as Atlantic, Warner Bros. Records, Elektra, Asylum and Rhino, and I believe that we are in this position thanks to our team's hard work and consistently original approach over the years.