Media business layoffs are hitting the music industry, with more to come from Universal Music and perhaps other labels.
The R&B artist’s team is currently in talks with multiple majors, including Republic Records, Atlantic Records and Warner Records, sources say.
The acquisition will allow Rostrum artists direct backing from Fat Beats' wholesale distribution and more.
Dubbed the Warner Music Space, the hub will house Warner Music Brazil, Warner Chappell Music Brazil and ADA Brazil operations.
“We are making good on our promise to double down on our U.S. operation with a distinctive new approach,” comments BMG CEO Thomas Coesfeld.
“We really hit a sweet spot in terms of multiple influences coming together seamlessly. There’s something for everyone," says Epic Records president Ezekiel Lewis.
DSTRO7 will exclusively distribute releases from González's Tamarindo Rekordsz and del Villar's DEL Records, which boasts Eslaban Armado on its roster.
The record label was launched in 1993 to support emerging Colombian talent.
Severance has signed flagship artist Dexter and the Moonrocks.
Albert, a veteran of Capitol Records and Republic Records, is also a co-founder of ska punk band The Mighty Mighty Bosstones.
