Entertainment
300 Entertainment Sold To Warner For $400M Before YSL RICO Charges
300 Entertainment Was Sold To Warner Music Group For $400 Million Before RICO Charges Were Made Against YSL
Record label 300 Entertainment, which distributes Young Thug’s YSL (Young Stoner Life) Records, was sold to Warner Music Group in December 2021 for $400M.
The label cashed in on a whopping $400 million just months before one of its main artists, Young Thug, was arrested and hit with 52 RICO charges in May 2022.
The label was founded by Lyor Cohen, Roger Gold, Kevin Liles, and Todd Moscowitz.
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Young Thug, whose real name is Jeffrey Williams, and Gunna are both charged with violating the state’s Racketeer Influenced and Corrupt Organizations act and participating in a criminal street gang.
Judge Glanville denied Young Thug bond, claiming the rapper born Jeffery Lamar Williams is a potential danger to the community and witnesses.
“There has been significant proffers about Mr. Williams being a danger to the community,” Glanville said.
“In particular, the state’s proffer that they have taken proffers from other gang members—people who are in this particular indictment and others who are not in this indictment—that he is the leader of the gang, he is dangerous and if he crosses them he’ll kill them or their families.”
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