April 22, 2024

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ROADRUNNER RECORDS – Founder Stepping Down



TMD

Den Headz, Billboard.biz are now reporting that Roadrunner Records founder/CEO Cees Wessels will be stepping down from the label. The move comes 17 months after its sale to Warner Music Group. While exact numbers were not revealed, apparently 36 employees worldwide were let go from the label.

Sixteen staffers will lose their jobs at the U.S. branch of the label as it is realigned to use Warner Music Group‘s back-office, etc. services. The U.S. branch of the label will apparently continue to operate as standalone however for the most part.

It was also mentioned that at least some staff are expected to be retained in all territories except the Netherlands branch of the label, which is being shuttered.

Source: The PRP

http://www.roadrunnerrecords.com/