Warner Music Group has acquired 300 Entertainment, label home to Megan Thee Stallion, Young Thug, Gunna, Fetty Wap and Mary J. Blige, among others.

According to a press release, Kevin Liles, the CEO of 300 Entertainment, will be named Chairman and CEO of the Elektra Music Group, which includes Fueled By Ramen, Roadrunner Records, Low Country Sound, DTA Records, and Public Consumption.

Mike Easterlin and Gregg Nadel, who will report to Liles, will continue to lead those organizations. The label will keep its autonomous identity, and the whole crew will continue to work out of its own offices in New York.

“At Warner Music, the independent spirit is part of our story, our DNA, and our vision,” Max Lousada, CEO, Warner Recorded Music, mentions. “We’re creating the environment for original artists, entrepreneurs, and labels to pioneer the future of music. The 300 team has built an extraordinary brand, attracted a dynamic community of artists, and led the way for a new generation of labels.

“We’ll bring their artists and team a whole universe of opportunities to ignite passionate fanbases and develop long-term careers. We’re very happy to welcome 300 fully into the Warner community of labels, and Kevin to his new role on our senior management team.”