WMG - Warner Music Expands Portfolio with Majority Stake in 10K Projects Bolstering Next-Gen Talent | Benzinga
Warner Music Group Corp (NASDAQ: WMG) inked a joint venture with 10K Projects, the groundbreaking Los Angeles-based label founded in 2016 by Elliot Grainge, the son of Universal Music chief Lucian Grainge — Warner Music's rival.
10K Projects will become a standalone label within the WMG ecosystem, bringing its superstar roster and next-generation team into the WMG fold.
Warner Music has acquired a majority stake in record company 10K Projects, the upstart label behind the ...