Hannah Karp, writing for Billboard:
Warner Music Group is launching a new standalone record company to be staffed by a mix of WMG employees and new hires.
The company, Elektra Music Group, will launch October 1 and consist of WMG’s labels Elektra Records, Fueled By Ramen (FBR), Roadrunner Records, Low Country Sound, and Black Cement Records, marking the first time in 15 years that the storied Elektra label will operate independently. Heading the new 60-person team will be FBR/Roadrunner president Mike Easterlin and Elektra’s current president Gregg Nadel.