Slow quarter for new releases puts a drag on streaming revenue, but recent Ed Sheeran and Jack Harlow albums could boost WMG's second half.
Admired by Bob Dylan, Bonnie Raitt and many others, Strachwitz was an unlikely champion of the American vernacular.
Gregg Nadel will now helm the label solo as Easterlin steps into a consultancy role at Warner Music Group's artist services division WMX.
Launched by Sam Koch and former Republic Records exec David Nathan, the label will put a major focus on the well-being of its boutique artist roster.
"Open up your doors to creators and allow them to bring the positive tension this industry desperately needs."
The Puerto Rican hitmaker, who scored a smash with last year's "Me Porto Bonito" with Bad Bunny, is prepping the release of his solo debut album on the label.
Releases by Tomorrow x Together and Seventeen helped offset a sharp drop in concert revenue for the K-pop giant.
The deal is rumored to be valued at $50 million.
A recap of the second of three days of the gathering of industry leaders.
The Los Angeles-based executive on how he helped developed Mexican music's new star: "I always tried to mix hip-hop and regional Mexican."
