Billboard have reported that Roadrunner Records, acquired by Warner Music Group (WMG) in 2010, have closed down all their offcies outside the U.S.
In a changing of the guard at Roadrunner Records, founder/CEO Cees Wessels is leaving the label 17 months after the completion of its sale to the Warner Music Group. Concurrent with his departure, approximately 36 staffers worldwide were let go today (April 26), sources tell Billboard.biz. The exact number was unclear at press time.
Concurrent with his departure, the label is being realigned so that it will utilize the Warner Music Group for back-office and other support capabilities while retaining frontline label functions like A&R, marketing, promotion and publicity.
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