The 300 Entertainment label, which distributes Young Thug’s YSL (Young Stoner Life) Records, was sold to Warner Music Group in December 2021. Founded by Lyor Cohen, Roger Gold, Kevin Liles and Todd Moscowitz, the label took in $400 million just months before one of its main artists, Young Thug, was arrested and hit with 52 RICO charges in May 2022.
RICO – the Racketeer Influenced and Corrupt Organizations Act – is a federal law designed to control and combat organized crime in the United States. common purpose into a pattern of actionable racketeering,” according to the justice department.
The federal investigation into Young Thug and YSL Records, which law enforcement says is a criminal organization, dates back to 2013, On Smash reported.
300 Entertainment, founded in 2012, is the group behind Megan Thee Stallion and Mary J Blige, among other hard-hitting artists. When the label was launched, it focused on hip-hop labels with artists such as Fetty Wap and Young Thug.
Cohen was hired by YouTube in 2016 as global head of music. “300 is a way of life and is in very good hands,” Cohen said. The Financial Times.
Liles, the former label president of Def Jam, stayed on to run New York-based 300 Entertainment.
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Gold started working in the music industry at Warner Music Group, where he was employed from 1996 to 2005, and he helped MTV by creating a video advertising platform for it. He worked as an artistic manager for the singer Camila Cabello and is Cabello’s manager and music and technology advocate.
In 2013, gold was hiring by global digital rights agency Merlin Network to assist with strategic US commercial and licensing activities for independent labels. Meanwhile, Gold also led Merlin to a landmark licensing deal with YouTube.
Moscowitz parted ways with 300 Entertainment in 2016 to launch Alamo Records. He is also the manager of hip-hop superstar Gucci Mane. Moscowitz has a long history in music.
While still in law school, Moscowitz worked for Rush Communications. Later, Cohen asked Moscowitz to join the company as the head of Rush, the umbrella company for all entertainment assets of Cohen and his partner Russell Simmons, according to Media Player.
Moscowitz held various titles after joining Rush. He served as president of Def Jam Music Publishing, president of Def Jam Interactive Gaming, and a board member of clothing brand Simmons Phat Farm Inc. Eventually, Moscowitz was elevated to general manager of Def Jam Records.
In 2000, Moscowitz left to join industry friends Chris Lighty and Mona Scott-Young at Violator Records.
In late 2016, he founded Cold Heat Records, which later renamed Alamo Records, under Interscope Records. Sony Music Entertainment acquired Alamo Records in June 2021, according to a Sony Music Press release.
Photos: Lyor Cohen screenshot from YouTube video All Urban Central, November 30, 2016 “Young Thug Turns His Manager Gangster: Lyor Cohen Is A Blood Now”, https://www.youtube.com/watch?v=EvfVeb4CO7w
/ Young Thug attends Young Thug’s ‘No, My Name Is Jeffery’ listening event hosted by Lyor Cohen, pictured at YouTube Space, on August 25, 2016 in New York City. (Photo by Johnny Nunez/WireImage/Getty)