Developer docs
API playgroundTry for free, no card

Search company profiles

10K Projects

Full company profile

uuid0005ny8

Namestring
10K Projects
Legal namestring
10K Projects
Websiteurl
10kprojects.com
Company typeenum
Private
Founded yearint
2016
Descriptiontext

10K Projects is an independent record label and music publisher founded in 2016 by Elliot Grainge and headquartered in Los Angeles, California. The label discovers, signs, and develops emerging artists across hip-hop, pop, R&B, alternative, and electronic genres, with a roster of over 40 acts including Ice Spice, Trippie Redd, Aminé, Surfaces, Salem Ilese, Artemas, Dro Kenji, and international acts such as PSYCHIC FEVER (Japan) and Nafeesisboujee (South Africa). Its core offering is artist development, production support, marketing, and global distribution, with distribution infrastructure provided through its embedded relationship with Atlantic Records and the Atlantic Music Group. Revenue is generated through music streaming royalties, sales, publishing rights, and synchronization licensing on platforms including Spotify, Apple Music, YouTube Music, and TikTok.

The label's go-to-market centers on identifying emerging talent—often via TikTok-driven discovery—and providing label infrastructure without imposing the traditional major-label creative constraints it markets itself against. Marketing leverage is concentrated on organic social (TikTok, Instagram, YouTube) feeding into DSP consumption. In 2025–2026, 10K Projects expanded through a joint venture with Runway Records for emerging hip-hop, a collaboration with 2101 Records and Atlantic on RedOne's A.W.A.M. album, and a multi-party arrangement with Internet Money Records for select artists. The label has also faced a $4 million lawsuit filed in November 2025 alleging misconduct tied to a joint venture, which represents a material reputational and financial risk requiring diligence.

Short descriptiontext

10K Projects is an independent Los Angeles-based record label founded in 2016 by Elliot Grainge, signing and developing over 40 emerging artists across hip-hop, pop, R&B, and alternative genres, with distribution via Atlantic Music Group.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersLos Angeles, United States
HQ citystring
Los Angeles
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
record label services, music publishing, artist development, music distribution, recording label
Industry1 code
1Indie Publishing & Label Services (Funding, Marketing, Release Management)
CodeMPAFABAFPrimaryYes
NAICS code3 codes
  • Record Production and Distribution51225
  • Music Publishers512230
  • Music Publishers51223
SIC code1 code
  • Miscellaneous Publishing2741
Product category
Record Label Services
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1Music streaming and sales
TypeLicensing Royalties
Description

Revenue generated through music streaming on platforms like Spotify, Apple Music, YouTube, and other DSPs. Artists generate income through streams, downloads, and digital sales.

10kprojects.com
2Artist development and publishing
TypeLicensing Royalties
Description

Record label revenue from artist development, publishing rights, and synchronization licensing deals for recorded music.

10kprojects.com
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components4 values
Personnel, Marketing or Sales, Operations, Others
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

10K Projects is an independent record label and music publisher that signs emerging artists across hip-hop, pop, R&B, alternative, and electronic music. The company provides artist development, music production support, marketing, promotion, and global distribution through major digital streaming platforms via its partnership with Atlantic Records/Atlantic Music Group.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 4 values shown
  • Multiple artists with hundreds of millions of streams and billions of views
+3 more records
Product overview1 text field

10K Projects is a record label operating as a single unified platform for artist development and music publishing. The company provides artist signing and development services, representing a diverse roster of over 40 artists across genres including hip-hop, trap, pop, R&B, alternative, and electronic music. The core offering centers on the label's partnership network, where artists receive production support, marketing, and distribution services in exchange for representation. Notable signed artists include Ice Spice, Trippie Redd, Aminé, Surfaces, and numerous emerging artists. The platform positions itself as serving artists who prioritize creative integrity alongside commercial success.

Product and service1 record
110K Projects Record Label
CategoryMusic Label Services
Description

An independent record label providing artist signing, artist development, music production support, marketing, promotion, and global distribution services for emerging musicians across genres including hip-hop, pop, R&B, alternative, and electronic music.

Scale indicator4 records

Each record includes

Type, Value, Description, Source

Partnership4 partners
Strategic tierMajorTypeStrategic or Co-development PartnerAnnounced on2026-01-16
Description

Collaborative partnership on the landmark album project 'A.W.A.M.' by RedOne featuring major African and international artists including Davido, Ayra Starr, French Montana, Rema, Akon, Ne-Yo, and Jason Derulo. Created in collaboration with CAF and host nation Morocco.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-01-16
Description

10K Projects operates as part of the Atlantic Music Group ecosystem. Atlantic Records provides distribution infrastructure, industry resources, and strategic support for artist development and releases.

3Runway Records
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-06-04
Description

10K Projects signed a joint venture with Runway Records to create a developmental hub focused on emerging hip-hop artists. This partnership combines the expertise and resources of both labels to identify, develop, and support rising talent in the hip-hop genre.

billboard.com
Strategic tierCoreTypeStrategic or Co-development Partner
Description

Partnership with Internet Money Records for artist Dro Kenji, who is signed to Mira Touch/Internet Money Records/10K Projects. This multi-party arrangement combines resources for artist development.

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight6 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Independent music company handling distribution, label services, and publishing. Directly comparable as a leading indie operator combining label services with worldwide distribution — serving similar emerging-artist segments with a similar revenue mix of streaming royalties and licensing.

TypeDirect peer
Description

Independent music label and media company focused on Asian and Asian-American artists. Comparable for its indie-label scale, genre-blending roster, and culture-led brand positioning targeting digitally native audiences — a model 10K Projects emulates with international acts like PSYCHIC FEVER.

TypeDirect peer
Description

Independent music company combining label, publishing, and distribution services. Comparable in scale and operating model as a digitally native indie that signs, develops, and distributes emerging artists across hip-hop and pop.

TypeDirect peer
Description

Independent hip-hop/pop label founded by producer Taz Taylor. Comparable as a similarly-sized indie label leveraging TikTok-era producer networks and digital-native A&R; the two labels even share a joint signing (Dro Kenji), evidencing direct overlap in artist and partner relationships.

TypeDirect peer
Description

Independent record label historically associated with Mac Miller and Wiz Khalifa. Comparable as a mid-sized indie label with a hip-hop/alternative roster and a similar model of artist development and digital-era marketing.

TypeDirect peer
Description

Independent hip-hop label known for artists like Migos and Lil Baby. Comparable as an indie hip-hop label that built major commercial traction while remaining independent, with similar A&R-driven signing strategies and reliance on social/digital channels for breakout hits.

710K Projects (Atlantic Music Group)
TypeBroad incumbent
Description

Atlantic Records / Atlantic Music Group. Comparable as the parent-distribution partner and major-label incumbent whose infrastructure underwrites 10K Projects' global reach; an overlap exists in signed hip-hop/pop artists but Atlantic operates as a broad major across many sublabels.

TypeBroad incumbent
Description

Major-label incumbent under Universal Music Group. Comparable as a destination for breakout indie artists that may ultimately lure away 10K Projects' roster, and as an incumbent competing for the same pop/hip-hop/R&B emerging-artist pipeline.

TypeEmerging player
Description

Independent music distribution and label services company with a strong emerging-markets footprint, including Latin America and Africa. Comparable to 10K Projects' new African-market JV ambitions via RedOne/A.W.A.M. and its indie label-services model.

TypeBroad incumbent
Description

Major hip-hop-focused label under Universal Music Group. Comparable as an incumbent competing for the same artist pool, especially emerging hip-hop talent; overlaps with 10K Projects on genre and signing targets but offers much broader resources.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers7 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

10K Projects

Record Label Services10kprojects.com

10K Projects is an independent Los Angeles-based record label founded in 2016 by Elliot Grainge, signing and developing over 40 emerging artists across hip-hop, pop, R&B, and alternative genres, with distribution via Atlantic Music Group.

What 10K Projects does

10K Projects is an independent record label and music publisher founded in 2016 by Elliot Grainge and headquartered in Los Angeles, California. The label discovers, signs, and develops emerging artists across hip-hop, pop, R&B, alternative, and electronic genres, with a roster of over 40 acts including Ice Spice, Trippie Redd, Aminé, Surfaces, Salem Ilese, Artemas, Dro Kenji, and international acts such as PSYCHIC FEVER (Japan) and Nafeesisboujee (South Africa). Its core offering is artist development, production support, marketing, and global distribution, with distribution infrastructure provided through its embedded relationship with Atlantic Records and the Atlantic Music Group. Revenue is generated through music streaming royalties, sales, publishing rights, and synchronization licensing on platforms including Spotify, Apple Music, YouTube Music, and TikTok.

The label's go-to-market centers on identifying emerging talent—often via TikTok-driven discovery—and providing label infrastructure without imposing the traditional major-label creative constraints it markets itself against. Marketing leverage is concentrated on organic social (TikTok, Instagram, YouTube) feeding into DSP consumption. In 2025–2026, 10K Projects expanded through a joint venture with Runway Records for emerging hip-hop, a collaboration with 2101 Records and Atlantic on RedOne's A.W.A.M. album, and a multi-party arrangement with Internet Money Records for select artists. The label has also faced a $4 million lawsuit filed in November 2025 alleging misconduct tied to a joint venture, which represents a material reputational and financial risk requiring diligence.

10K Projects firmographics

Firmographics
Name
10K Projects
Legal name
10K Projects
Website
https://10kprojects.com
Company type
Private
Founded year
2016
Operating status
Operating
Headcount range
11–50 employees
Short description
10K Projects is an independent Los Angeles-based record label founded in 2016 by Elliot Grainge, signing and developing over 40 emerging artists across hip-hop, pop, R&B, and alternative genres, with distribution via Atlantic Music Group.
Ownership category
akta.pro rank

10K Projects industry classification

Industry
Product category
Record Label Services
NAICS
Record Production and Distribution (51225), Music Publishers (512230), Music Publishers (51223)
SIC
Miscellaneous Publishing (2741)
akta.pro primary industry
Indie Publishing & Label Services (Funding, Marketing, Release Management) (MPAFABAF)

Keywords

  • Record label services
  • Music publishing
  • Artist development
  • Music distribution
  • Recording label

Where 10K Projects is headquartered

Location

Headquarters

HQ city
Los Angeles
HQ country
United States
HQ region
North America

Markets served

10K Projects business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Personnel, Marketing or Sales, Operations, Others

Revenue model

  1. Music streaming and sales: Revenue generated through music streaming on platforms like Spotify, Apple Music, YouTube, and other DSPs. Artists generate income through streams, downloads, and digital sales.
  2. Artist development and publishing: Record label revenue from artist development, publishing rights, and synchronization licensing deals for recorded music.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

10K Projects product offering

Product offering

Core offering

10K Projects is an independent record label and music publisher that signs emerging artists across hip-hop, pop, R&B, alternative, and electronic music. The company provides artist development, music production support, marketing, promotion, and global distribution through major digital streaming platforms via its partnership with Atlantic Records/Atlantic Music Group.

Product overview

10K Projects is a record label operating as a single unified platform for artist development and music publishing. The company provides artist signing and development services, representing a diverse roster of over 40 artists across genres including hip-hop, trap, pop, R&B, alternative, and electronic music. The core offering centers on the label's partnership network, where artists receive production support, marketing, and distribution services in exchange for representation. Notable signed artists include Ice Spice, Trippie Redd, Aminé, Surfaces, and numerous emerging artists. The platform positions itself as serving artists who prioritize creative integrity alongside commercial success.

Differentiator

Problem solved

Functional benefit

Products and services

  • 10K Projects Record Label An independent record label providing artist signing, artist development, music production support, marketing, promotion, and global distribution services for emerging musicians across genres including hip-hop, pop, R&B, alternative, and electronic music.

Quantifiable outcome

  • Multiple artists with hundreds of millions of streams and billions of views
  • +3 more outcomes

Companies that use 10K Projects

Customer profile

Named customers7 records

Segments1 record

Ideal customer profiles1 record

10K Projects technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

10K Projects partnerships and signals

Strategic signal

Partnerships

Four partnerships are on record, tiered major and core.

  • 2101 RecordsmajorStrategic or Co-development Partner · 16 January 2026Collaborative partnership on the landmark album project 'A.W.A.M.' by RedOne featuring major African and international artists including Davido, Ayra Starr, French Montana, Rema, Akon, Ne-Yo, and Jason Derulo. Created in collaboration with CAF and host nation Morocco.
  • Atlantic RecordscoreStrategic or Co-development Partner · 16 January 202610K Projects operates as part of the Atlantic Music Group ecosystem. Atlantic Records provides distribution infrastructure, industry resources, and strategic support for artist development and releases.
  • Runway RecordscoreStrategic or Co-development Partner · 4 June 202510K Projects signed a joint venture with Runway Records to create a developmental hub focused on emerging hip-hop artists. This partnership combines the expertise and resources of both labels to identify, develop, and support rising talent in the hip-hop genre.
  • Internet Money RecordscoreStrategic or Co-development PartnerPartnership with Internet Money Records for artist Dro Kenji, who is signed to Mira Touch/Internet Money Records/10K Projects. This multi-party arrangement combines resources for artist development.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

10K Projects competitors and assessment

Company assessment

Direct peers

  • EMPIRE Distribution: Independent music company handling distribution, label services, and publishing. Directly comparable as a leading indie operator combining label services with worldwide distribution — serving similar emerging-artist segments with a similar revenue mix of streaming royalties and licensing.
  • 88rising: Independent music label and media company focused on Asian and Asian-American artists. Comparable for its indie-label scale, genre-blending roster, and culture-led brand positioning targeting digitally native audiences — a model 10K Projects emulates with international acts like PSYCHIC FEVER.
  • Create Music Group: Independent music company combining label, publishing, and distribution services. Comparable in scale and operating model as a digitally native indie that signs, develops, and distributes emerging artists across hip-hop and pop.
  • Internet Money Records: Independent hip-hop/pop label founded by producer Taz Taylor. Comparable as a similarly-sized indie label leveraging TikTok-era producer networks and digital-native A&R; the two labels even share a joint signing (Dro Kenji), evidencing direct overlap in artist and partner relationships.
  • Rostrum Records: Independent record label historically associated with Mac Miller and Wiz Khalifa. Comparable as a mid-sized indie label with a hip-hop/alternative roster and a similar model of artist development and digital-era marketing.
  • Quality Control Music: Independent hip-hop label known for artists like Migos and Lil Baby. Comparable as an indie hip-hop label that built major commercial traction while remaining independent, with similar A&R-driven signing strategies and reliance on social/digital channels for breakout hits.

Broad incumbents

  • 10K Projects (Atlantic Music Group): Atlantic Records / Atlantic Music Group. Comparable as the parent-distribution partner and major-label incumbent whose infrastructure underwrites 10K Projects' global reach; an overlap exists in signed hip-hop/pop artists but Atlantic operates as a broad major across many sublabels.
  • Interscope Records: Major-label incumbent under Universal Music Group. Comparable as a destination for breakout indie artists that may ultimately lure away 10K Projects' roster, and as an incumbent competing for the same pop/hip-hop/R&B emerging-artist pipeline.
  • Def Jam Recordings: Major hip-hop-focused label under Universal Music Group. Comparable as an incumbent competing for the same artist pool, especially emerging hip-hop talent; overlaps with 10K Projects on genre and signing targets but offers much broader resources.

Emerging players

  • ONErpm: Independent music distribution and label services company with a strong emerging-markets footprint, including Latin America and Africa. Comparable to 10K Projects' new African-market JV ambitions via RedOne/A.W.A.M. and its indie label-services model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

10K Projects social profiles

Digital presence

10K Projects financial estimates

Financial estimate

Revenue estimate

Valuation estimate

10K Projects leadership team

Management profile

Number of profiles

Profiles1 record

10K Projects funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

10K Projects M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 10K Projects

What does 10K Projects do?

10K Projects is an independent record label and music publisher that signs emerging artists across hip-hop, pop, R&B, alternative, and electronic music. The company provides artist development, music production support, marketing, promotion, and global distribution through major digital streaming platforms via its partnership with Atlantic Records/Atlantic Music Group.

Is 10K Projects a public or private company?

10K Projects is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was 10K Projects founded?

10K Projects was founded in 2016. It employs 11 to 50 people.

Where is 10K Projects based?

10K Projects is headquartered in Los Angeles, United States, in the North America region.

How does 10K Projects make money?

Two revenue lines are on record. Music streaming and sales are the primary driver. The others are artist development and publishing.

Who are 10K Projects's main competitors?

Direct peers on record are EMPIRE Distribution, 88rising, Create Music Group, Internet Money Records, Rostrum Records and Quality Control Music. Broad incumbents are 10K Projects (Atlantic Music Group), Interscope Records and Def Jam Recordings. ONErpm is listed as an emerging player.

Does 10K Projects have an API?

No public API is recorded for 10K Projects.

What industry is 10K Projects in?

10K Projects's product category is Record Label Services. Its primary akta.pro industry code is MPAFABAF, Indie Publishing & Label Services (Funding, Marketing, Release Management). Its NAICS code is 51225 and its SIC code is 2741.

Unlock the full company data

50 free credits on sign-up, no credit card required.

Contact sales
Live signals
Music Business WorldwideEx-Capitol A&R exec Carter Gregory strikes JV for Plot Twist Records with 10K Projects and Atlantic RecordsPlot Twist Records formed a joint venture with 10K Projects and Atlantic Records, with singer Alabama Barker and DJ Nic Vans as first signings. The label was founded by former Capitol A&R executive Carter Gregory, who previously worked with artists like FLETCHER and Doechii. The partnership follows Plot Twist's independent launch, during which Gregory released Kylie Jenner's debut single.Rolling StoneScout Willis released New Song and Video for 'Honey, I': WatchScout Willis released a new gospel-rock song "Honey, I" along with a music video filmed at Los Angeles' historic 102-year-old Highland Theatre, showcasing her voice across playful, vulnerable, and brash tones on a kiss-off track about self-worth after heartbreak. The song will appear on her upcoming album through 10K Projects, part of Atlantic Music Group, which she described as "the perfect first song to release with Atlantic." She will embark on a tour with Maren Morris beginning in Napa, California on Saturday, running through July 25.VarietyJapanese Boy Band Psychic Fever Wants You to Know They’re All ‘Different’: ‘We Don’t Want to Fit in a Box’Japanese boy band Psychic Fever released its second full-length album "Different" on July 10 through Warner Music and 10K Projects, featuring contributions from all seven members across 10 tracks spanning Y2K R&B, UK garage, Afrobeats, and trap genres. The group, which debuted in 2022 as part of Exile Tribe under LDH Japan, has achieved international momentum with its 2024 single "Just Like Dat" surpassing 270 million TikTok views and charting on Spotify's Viral Top 50 in nine countries. The band recently completed its first US tour across six cities, performed at SXSW in Austin, and signed a global deal with Warner Music Group and 10K Projects.963XkeAdam Harrison Launches Third Brother Records Imprint With 10K Projects and Atlantic RecordsAdam Harrison has launched Third Brother Records, a new record label imprint, in partnership with 10K Projects and Atlantic Records, expanding his role from artist management to label operations. The imprint's first signing is indie rock band Easy Honey, which is set to release a five-song EP this spring followed by a national headline tour. The deal places Third Brother Records within the broader 10K Projects and Atlantic Records infrastructure, providing access to major-label distribution and resources while maintaining a selective, hands-on approach to artist development.BillboardKevin Woo on Bringing ‘KPop Demon Hunters’ to Life at 2025 Jingle Ball, Signing With Atlantic Records’ 10K ProjectsKevin Woo secured a new record deal with Atlantic Music Group’s 10K Projects following the commercial success of his work on the 'KPop Demon Hunters' soundtrack, which propelled his streaming numbers and chart performance. This partnership aims to accelerate his creative pipeline for upcoming projects, including the film 'K-Pops!' and a planned world tour in 2026.PR NewswireMiles Gaines Soars on the Charts with "Crescendos" Under 10K Projects/Warner Music GroupLos Angeles hip-hop artist Miles Gaines released his two-song EP "Crescendos" under 10K Projects/Warner Music Group, which has achieved significant chart success in its first week with over 2 million streams. The track "Laughing to the Bank" is charting at #69 on Germany's Hip-Hop/Rap iTunes chart and has entered the top 100 on Canada's Spotify Top Songs chart. The release follows Gaines' collaboration with The Game on the track "Waiting" from his indie album "Heavy Is The Crown," which was later acquired by 10K Projects/Warner Music Group.VIBE.comIce Spice Sparks Up In “Gimme A Light” Video TeaserIce Spice released a teaser for her song "Gimme A Light," showing her in a hot pink Range Rover and a party scene. The track samples Sean Paul's 2002 hit and is set for release via 10K Projects and Capitol Records. It is likely on her pending debut album Y2K.BenzingaTop Stories Wednesday, Sep 6: iPhone 15 May Face Hurdle In China, FTC Could Prosecute Amazon.com Over AntThis article is a daily news digest from Benzinga covering multiple unrelated corporate events, including potential regulatory hurdles for Apple in China and antitrust actions against Amazon. It also reports on Toyota's launch of the Century luxury vehicle, SoftBank-backed Arm's IPO preparations, and Warner Music's acquisition of 10K Projects. Other stories include Roku's cost-cutting measures, United Airlines' temporary flight grounding, Moderna's vaccine research, Spotify's paywall strategy, and Alphabet's Play Store settlement.BenzingaWarner Music Expands Portfolio with Majority Stake in 10K Projects, Bolstering Next-Gen Talent - Warner MWarner Music Group has acquired a majority stake in 10K Projects, a Los Angeles-based record label founded in 2016 by Elliot Grainge, for an undisclosed sum. The label, known for artist Ice Spice, will operate as a standalone entity within WMG, with Elliot Grainge remaining as CEO and joining WMG's global leadership team. The deal is part of a broader trend of major labels consolidating independent music companies, with comparable transactions including Sony's $430 million acquisition of AWAL in 2021.