Warner Music Group Acquires Spinnin' Records In A Massive $100M+ Deal
Every Big Room and Progressive House fan knows about Spinnin' Records and their artists by heart.
Spinnin Records have always been one of the best independent labels to share dance music. Not only have they converted millions of fans, but they've given big breaks to some of the biggest artists in the scene right now. Artists like KSHMR, EDX, Chocolate Puma, Sam Feldt, Alok, Umeet Ozcan and many more consider Spinnin' their home. In addition, Martin Garrix was also associated with Spinnin' Records for a very long time before he parted ways with the label. To top things off, Spinnin' Records is also home to and acts as a parent company to many sub labels that includes Musical Freedom by Tiesto, Dharma Worldwide by KSHMR, Hexagon by Don Diablo, Heldeep Records by Oliver Heldens and Maximized by Blasterjaxx.
Now, as time changes, so does business. The label that was founded in 1999 by Eelko van Kooten and Roger de Graaf has now been bought by the Warner Music Group in a $100M+ deal. This might seem like a heft sum, but actually it's not, considering the big names that is currently associated with the label. Currently the label will be operated by the Spinnin' Records co-founder Roger de Graaf, while co-founder Eelko van Kooten is leaving the music business to pursue interests in other industries.
Roger de Graaf, CEO & Co-Founder of Spinnin’ Records adds that:
“Spinnin’ has found the perfect home at Warner Music. Max, Stu, Bart, and the team really believe in our culture and commitment to artist development. They share our vision for growing Spinnin’ by creating even bigger opportunities for our artists and their music. It’s been an incredible journey so far and, as we look to the future, everyone at Spinnin’ Records would like to thank our close friend Eelko for everything he’s done for our company, artists, and industry. His partnership and leadership mean he will forever be part of the Spinnin’ family.”
You can read Warner Music Group’s side of the story directly on their website by clicking here.
In the end, what matters is that both parties are happy with the acquisition. Since now Spinnin is under WMG, there definitely will be some key changes in the working of different sectors of the label. This is a really exciting time for both Spinnin and WMG and we can’t wait to see what the 2 parties will deliver in the near future.