Spinnin' Records is Apparently Up For Grabs
Ownership of Dutch record label, Spinnin’ Records, is following in the footsteps of its name, “spun” around the market, eyed for its potential by several companies.
Its listed value said to be around $100M, Sony Music Entertainment and Warner Music Group represent the two heavyweights seeking to acquire the label, a head off that in its competition, may only skyrocket the price of the label’s attainment. Several private equity organizations are also rumored to be involved, likewise watching the indie label.
Sony, according to Your EDM, has not been shy in its previous label acquirements, partnering with Ultra Music in 2013, and Ministry of Sound’s label division in August of 2016.
Warner, in the opposite corner facing Sony, is likewise a major player in the label game, holding rights to Atlantic Records, one of its three primary labels. Warner Bros. Records and Big Beat Records indicate other holdings maintained by Warner.
Just who will absorb Spinnin’ Records is yet to be seen, but the irrefutable truth is regardless of how many zeros appear on the label’s price tag, acquirement of the label will be a certifiable win for whichever label entity secures Spinnin’.