The acquisition was reportedly valued at $300 million. There are multiple well-founded rumors abounding that the three major record labels will soon purchase anywhere from 9 to 14 percent of the Soundcloud streaming music ⦠It was founded in 1997 by Patrick Zelnik, former CEO of Virgin France, Gilles Paires and Eric Tong Cuong. During the sale and acquisition process, Spinnin' Records was advised by Lepe Partners. Concord Music Group announced the acquisition on Wednesday of two prominent independent record labels, including Nashville's Sugar Hill Records. Sun Records, the landmark label that launched Johnny Cash and Jerry Lee Lewis to rock ânâ roll stardom, has a new home in New York City. Visit How To Get Signed to learn about how we discover new artists and get exclusive advice from Atlantic Records A&R and your favorite artists. After six albums with Big Machine and a pivot to pop music, ... with every new album she would record for the label. Once comparing the internet to the Matrix, he challenged the idea of intellectual property laws and believed the record label system was designed only to benefit label owners and their pockets. As a businessman, Phillips was patient and willing to listen to almost anyone who came in off the street to record. Memphis was a happy home to a diverse musical scene: gospel, blues, hillbilly, country, boogie, and western swing. Acquisition by MCA With dance evolving from a niche phenomenon to one of the world's most popular music genres, Spinnin' Records has followed a similar trail. You can find out more about Atlantic Records by visiting Our Label. Geffen also briefly distributed the first incarnation of Def American Recordings through Warner Bros. from 1988 to 1990. Be sure to check back frequently and follow us on Twitter for the latest opportunities and information. This prompted Geffen to create a subsidiary label, DGC Records in 1990; which focused on more progressive rock and would later embrace the emergence of alternative rockâNirvana being an example. Sony Music Entertainment's pending acquisition of The Orchard will make the major label the parent company of two of the largest independent distributors. Founding and expansion. The label was launched amid a growing number of independent labels. Think you have what it takes to be the next great artist on Atlantic Records? Despite healthy record sales, the label suffered a cash-flow crisis in the early 1990s, but was saved from bankruptcy in 1994 by PolyGram, which bought Sony's 50 per cent share in the label. About Spinninâ Records Spinninâ Records is a leading music label in the international dance industry. The music industry is notorious for its creative accounting practices and for onerous contracts that can keep even some top-selling artists perpetually in debt to their record labels.