300 Entertainment is reportedly considering a sale in the realm of $400 million.
The company is reportedly hoping to take advantage of a booming market for music assets.
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The label was founded by Lyor Cohen, Roger Gold, Kevin Liles, and Todd Moscowitz in 2012.
Speaking with Music Business Worldwide in 2019, Liles discussed the group’s motivation to start 300: “We wanted to build a disruptor, to say, ‘Let’s get rid of all the red tape.’ We didn’t even call ourselves a ‘label’ – we are a platform for entrepreneurs, for entertainers, for executives, for creators to partner and do great things.”
He added: “As I reflect on it now, [the launch] was like a Bat-Signal for freedom. Freedom to do what we wanted when we wanted to do it, with the people we wanted to do it with.”
Liles also described them as the “New Independents.”
“It’s not the old way of thinking, it means being independent in partnership, independent in capitalization, and independent in collaboration,” he explained.