Warner Music Group’s Arts Music division -- which specializes in classical, musical theater, jazz, family entertainment and film scores -- continues to grow with the acquisition of London-based First Night Records Ltd.
understands the major paid a multi-million dollar price for the label and its full catalog.
“I’ve known John Craig for more than two decades, and I’ve long admired him personally, the business he’s built and the fantastic reputation he’s developed over his 35 years running First Night Records,” said Gore in a statement. “I look forward to our continued partnership for years to come.”score when it first opened at the Barbican Theatre in London 34 years ago,” added Sir Cameron Mackintosh, who said he was already working on three new projects with Warner and Craig.
Warner’s Arts Music division was launched just over two years ago to capitalize on the large global fan bases that exist for non-pop genres that the record company believes are “largely underserved in the current marketplace." As older and mainstream audiences make the transition to streaming services, the hope among execs is that once-niche genres like musical theater, family entertainment and film scores will continue to grow in popularity.
In addition to First Night, labels that sit under the Arts Music banner include Warner Classics, the revived Erato label and the recently-relaunched Sesame Street Records.
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