Warner Music Group has officially acquired Dutch EDM label Spinnin’ Records, Music Business Week reports.
The music business bible says Spinnin' has been sold in a massive $100 million deal with Warner, and is set to be the major label's biggest purchase since it took over Parlophone for $765 million in 2013.
Sony Music Entertainment and Believe Digital are also rumoured to have made offers, but it seems Spinnin' — which confidently calls itself ‘the world’s leading record label’ — has chosen to go with Warner.
Founded by Eelko van Kooten and Roger de Graaf in 1999, Spinnin' Records has released music from Martin Solveig, Armand van Helden, Fedde le Grand and Tiesto.
They were also caught in a widely publicised bust-up with 2016's Top 100 DJs poll winner Martin Garrix in 2015, over ownership rights to Garrix's music catalogue.